Listed by NAI Ruhl Commercial Company
$110,000
1816 DAVENPORT Avenue
Details
APN F0004-31
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 4
Year Built 1889
Buildings 1
Acreage 0.170
Zoning R-MF
Multifamily | 4 Units
Marketing 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 Contacts
Listed by NAI Ruhl Commercial Company
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