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Eastern Iowa Portfolio 10 Multifamily Properties Offered at $1,625,000 in Davenport, IA
Investment Highlights
- 10 Contiguous Market Assets – Enabling a professional management platform and vendor consolidation across a single metro area
- Significant Mark-to-Market Rent Upside – Current in-place rents are substantially below market
- Assumable Debt – Below market financing available, representing significant value to a qualified buyer in today’s elevated interest rate environment
- Extensive Recent Capital Improvements – Ownership has invested significantly in capital improvements over the past five years
Executive Summary
CBRE is pleased to present the exclusive opportunity to acquire a 10-property residential portfolio located
throughout Davenport, Iowa (Scott County). The portfolio comprises a diverse mix of single-family homes,
duplexes, and triplex assets ranging in vintage from 1890 – 1953, situated across established Davenport
neighborhoods with strong workforce housing demand. The properties are offered as a portfolio, providing a
buyer with immediate scale and geographic density within a single, highly manageable Quad Cities market.
throughout Davenport, Iowa (Scott County). The portfolio comprises a diverse mix of single-family homes,
duplexes, and triplex assets ranging in vintage from 1890 – 1953, situated across established Davenport
neighborhoods with strong workforce housing demand. The properties are offered as a portfolio, providing a
buyer with immediate scale and geographic density within a single, highly manageable Quad Cities market.
Property Facts
| Price | $1,625,000 | Number of Properties | 10 |
| Price / SF | $101.10 / SF | Individually For Sale | 0 |
| Cap Rate | 7.10% | Total Building Size | 16,073 SF |
| Sale Type | Investment | Total Land Area | 1.49 AC |
| Status | Active |
| Price | $1,625,000 |
| Price / SF | $101.10 / SF |
| Cap Rate | 7.10% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 10 |
| Individually For Sale | 0 |
| Total Building Size | 16,073 SF |
| Total Land Area | 1.49 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2134 W 2nd St, Davenport, IA 52802 | Multifamily | 2,358 SF | 1900 | - |
| 515 Kirkwood Blvd, Davenport, IA 52803 | Multifamily | 2,140 SF | 1900 | - |
| 1717 Madison St, Davenport, IA 52804 | Multifamily | 1,824 SF | 1940 | - |
| 1424 N Sturdevant St, Davenport, IA 52804 | Multifamily | 1,811 SF | 1900 | - |
| 1552 W 14th St, Davenport, IA 52804 | Multifamily | 1,808 SF | 1890 | - |
| 3003 N Harrison St, Davenport, IA 52803 | Multifamily | 1,744 SF | 1910 | - |
| 1331 N Division St, Davenport, IA 52804 | Multifamily | 1,656 SF | 1915 | - |
| 3019 N Harrison St, Davenport, IA 52803 | Multifamily | 1,056 SF | 1900 | - |
| 1203 S Nevada Ave, Davenport, IA 52802 | Multifamily | 944 SF | 1953 | - |
| 1214 S Nevada Ave, Davenport, IA 52802 | Multifamily | 732 SF | 1934 | - |
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