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$1,298,700
Est. payment /mo
13,328 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 13,328 sqft
Price per Sqft $97
MLS Listing ID 12702854
Maintenance Fees $23,210
Year Built 1976
Annual Tax Amount $14,964
Tax Year 2024
Lot Size 0.840 Acres
Lot Dimensions 164x218x295x139
Property Sub-Type Multi Family 5+
Property Description
Rare, cash flowing investment opportunity consisting of 14 adjacent townhouse-style units, consisting of an 8-plex and a 6-plex, each spacious unit featuring 2 bedrooms, 1 bathroom, 2 car spaces, and dry basements equipped with washer and dryer hookups. This turnkey property has been professionally managed with a strong rental history and consistently low vacancy rates. Residents enjoy a highly desirable location with convenient access to shopping, grocery stores, restaurants, parks, schools, and major commuter routes, contributing to long-term tenant demand. The property has been well-maintained, with a new roof and siding installed in 2021, providing added value and peace of mind for potential investors. Whether you're expanding an existing multifamily portfolio or acquiring a high-performing investment in the growing Quad Cities market, this is a rare opportunity to own a quality, income-producing asset in an established location. Opportunities like this don't come around often!
Location
State IA
County Scott
Area Davenport
Zoning MULTI
Rooms
Basement Unfinished
Interior
Cooling Central Air
Fireplace N
Exterior
Utilities Available Water Available
Roof Type Composition
Building
Dwelling Type Multi Family 5+
Structure Type Wood,Vinyl Siding
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© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Darla Hooper of RE/MAX Concepts Bettendorf
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Crosstown Realtors
Owner | License ID: 471019341