

400 River
Multifamily | 5.84% CAP | 55 Units
Marketing description
CBRE is pleased to present to qualified investors the opportunity to acquire 400 River, a luxury apartment complex built in 2022 comprised of 55 market rate rental units located right in downtown Davenport, Iowa. These units offer a high level of amenities including an oversized roof top patio overlooking the Mighty Mississippi River and downtown, covered parking spaces, private unit balconies, luxury vinyl plank flooring, in unit laundry, and Mississippi River views from every residential unit.
400 River benefits from a premier location along Davenport’s revitalized riverfront, offering unmatched visibility and access to the city’s growing downtown core. The property is within walking distance of key employment centers, cultural attractions, and entertainment venues, including the Figge Art Museum, Modern Woodmen Park, and the River Center. With continued investment in downtown infrastructure and riverfront development, this area is attracting a diverse tenant base—from young professionals to empty nesters—seeking walkable, amenity-rich living environments.
Investment highlights
- 2025 NOI: $674,912
- Occupancy: 98.2%
- Year Completed: 2022
- Units: 55
- Replacement Cost: $15M+
- Tax Abatement: 100% (8 years remaining)
- Quad City Population: 474K
- Implemented Internet/Cable Fees (Sept 2025)
- Strong Rental Demand
- Significant Rent Upside
- Elevated Modern Interiors
- High End Luxury Finishes
- Rooftop Patio and Lounge
- Assigned Covered Parking
- Minimal Landscaping Expense
- Expertly Designed Floor Plans
- Impeccably Maintained
- Centrally Located in Business District
- Walkability throughout Downtown Davenport
To view our offering memorandum, please visit:
Listing Contacts


Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?









