73 Manor Dr 32 Unit Apartment Building $2,218,000 ($69,313/Unit) 7.45% Cap Rate Park View, IA 52748

Scott County Condominiums is a 32-unit multifamily community located at 73–135 Manor Drive in Park View, Iowa. Built in 1973, the property consists entirely of two-bedroom units, with each unit individually deeded and assigned its own PIN number. This condominium structure provides future ownership flexibility—whether operated as a long-term rental investment or transitioned to individual unit sales.
The community is arranged across three buildings: two 8-unit structures and one 16-unit building, the latter of which is uniquely configured with a shared roofline connecting two 8-unit segments. This efficient layout allows for strong site utilization while maintaining clear unit separation. Recent capital improvements, including new siding and roofing, enhance both curb appeal and the long-term durability of the asset. Each unit features walk-in closets, in-unit dishwashers, and either a private balcony or patio. Additional amenities include on-site and off-street parking, laundry access, and a pet-friendly environment.
Located in Park View, an emerging residential area in Scott County just north of Davenport, the property is surrounded by ongoing development and rising demand. The nearby Scott County Park, one of the largest parks in Iowa, offers expansive green space, recreational trails, and year-round outdoor amenities. The location also provides quick access to the Quad Cities metro, home to over 470,000 residents and supported by a diverse economy anchored by major employers such as John Deere, Genesis Health System, Rock Island Arsenal, UnityPoint Health, Arconic, and Amazon. Nearby institutions of higher education—including St. Ambrose University, Palmer College of Chiropractic, Augustana College, and Black Hawk College—contribute to consistent housing demand throughout the region.
With its 100% two-bedroom unit mix, recent capital improvements, and flexible exit strategy via individual condominium titling, Scott County Condominiums presents a compelling opportunity to acquire a well-maintained, income-producing asset in a stable and accessible Midwestern market.
Broker of Record:
Jon Ruzicka, Broker of Record, Lic #: B63379000
Marcus & Millichap, 1601 Utica Avenue South, Suite 301, Minneapolis, MN 55416
P: (952) 852-9700