Eleven-unit commercial investment property located within Davenport's core corridor near downtown and Palmer College of Chiropractic. The property is fully occupied and generates a Net Operating Income of $19,925. 5,456 SF brick structure on 0.26 acres, featuring efficient unit layouts, stabilized tenancy, and steady operating performance. Tenants are responsible for electric service in their units, while ownership covers water, sewer, and trash. Excellent proximity to downtown amenities and major arterials. Income-producing asset ideal for private or portfolio investors seeking stabilized Quad Cities multifamily/commercial holdings.
| MLS # | QC4268838 |
|---|---|
| Listing Type | For Sale |
| Style | Multi Family 5+ |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 325 |
| Listing Provided By | NAI Ruhl Commercial Company | Shawn Langan |
| SQ Feet | 5,456 |
|---|---|
| Story(s) | 3 |
| Units | 11 |
| Zoning | R-MF |
| Acreage | 0.26 |
| Construction Materials | Brick, Frame, Vinyl Siding |
|---|
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 4730 |
| State | IA |
|---|---|
| County | Scott |
| City | Davenport |
| Zip Code | 52803 |
| Area | Davenport |
| Listing VS Median (in 52803) | |
Price: $259,000 low | high Med: $179,000 sqft: 5,456 low | high Med: 1,963 $ / sqft: $47 low | high Med: $98 On site: 325 low | high Med: 41 | |
| State | IA |
|---|---|
| County | Scott |
| City | Davenport |
| Zip Code | 52803 |
| Area | Davenport |
| Listing VS Median (in 52803) | |
Price: $259,000 low | high Med: $179,000 sqft: 5,456 low | high Med: 1,963 $ / sqft: $47 low | high Med: $98 On site: 325 low | high Med: 41 | |