Seven-unit commercial investment property positioned along Davenport's primary north-south corridor (U.S. Route 61 Business/Brady Street). Fully occupied and generating a Net Operating Income of $21,676. 5,394 SF brick building on 0.24 acres with strong corridor visibility near downtown Davenport and major arterials. Tenants are responsible for electric service in their units, while ownership covers water, sewer, and trash. Property features rear access off E. 15th Street, providing convenient parking and service entry. A solid asset ideal for investors seeking stabilized cash flow.
| MLS # | QC4268836 |
|---|---|
| Listing Type | For Sale |
| Style | Multi Family 5+ |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 326 |
| Listing Provided By | NAI Ruhl Commercial Company | Shawn Langan |
| SQ Feet | 5,394 |
|---|---|
| Story(s) | 3 |
| Units | 7 |
| Zoning | C-T |
| Acreage | 0.24 |
| Cooling | Central Air |
|---|
| Construction Materials | Brick |
|---|
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 3650 |
| State | IA |
|---|---|
| County | Scott |
| City | Davenport |
| Zip Code | 52803 |
| Area | Davenport |
| Listing VS Median (in 52803) | |
Price: $225,000 low | high Med: $179,000 sqft: 5,394 low | high Med: 1,963 $ / sqft: $42 low | high Med: $98 On site: 326 low | high Med: 42 | |
| State | IA |
|---|---|
| County | Scott |
| City | Davenport |
| Zip Code | 52803 |
| Area | Davenport |
| Listing VS Median (in 52803) | |
Price: $225,000 low | high Med: $179,000 sqft: 5,394 low | high Med: 1,963 $ / sqft: $42 low | high Med: $98 On site: 326 low | high Med: 42 | |