1816 DAVENPORT Avenue, Davenport, IA 52803

• 2,568 sqft

Property Description

Four-unit multifamily investment property located just off E. Locust Street, within close proximity to shopping corridors and neighborhood amenities. Fully occupied and generating a Net Operating Income of $8,725, reflecting a 7.93% cap rate based on current operating performance. ±2,568 SF two-story structure on ±0.17 acres featuring efficient unit layouts and a strong rental history. Tenants are responsible for electric service, while ownership covers water, sewer, and trash. Property includes rear alley access with a small lot providing off-street parking. Ideal for investors seeking dependable returns in the Quad Cities market. Also available as a portfolio: 413 W. 6th St (G0054-22) • 1429 Brady St (G0024-15) • 1816 Davenport Ave (F0004-31) • 805 W. 2nd St (L0014-11) • 709 Perry St (G0041-14). Entire portfolio offered collectively for $1,250,000, representing approximately a 5% savings compared with individual pricing

Listing Status:

Active

Listing Office:

NAI Ruhl Commercial Company : 563-355-4000

Listing Agent:

Shawn Langan : 563-355-4000

MLS ID:

QC4268837

Interior

• Flooring: TileWood
• A/C: Multi Units
• Heating: Forced AirNatural Gas

Construction

• Roofing: Asphalt
• General: TwoMulti-Tenant

Location

• Road/Access: City Street
• Originating MLS: rmlsa
• County: Scott

Lot

• Zoning: R-MFF0004-31

Utilities

• Water: Municipal/City
• Sewer: Public Sewer

Financial

• Source: rmlsa

This listing courtesy of Shawn Langan, NAI Ruhl Commercial Company