Shire Apartments
28-Units | Available Individually or as a Portfolio
Marketing description
Shire Apartments is a 28-unit multifamily community located in Bettendorf, Iowa, one of the strongest and most desirable submarkets within the Quad Cities metropolitan area. Originally built in 1947, the property offers a balanced unit mix of 16 one-bedroom, one-bath units and 12 two-bedroom, one-bath units, providing diverse housing options that appeal to a broad renter base and support efficient leasing operations. Situated in a well-established residential corridor, Shire Apartments benefits from its central location with convenient access to Bettendorf’s retail, dining, and recreational amenities, positioning the asset well within a stable and active rental market.
The property features a secure-entry building, on-site coin laundry facilities, and off-street parking, creating convenience for residents while supporting operational efficiency for ownership. Units offer functional floorplans with practical in-unit features including full kitchens, heating, cable-ready connectivity, and efficient living spaces designed to support tenant retention and long-term occupancy. Utility structures including water, sewer, and trash service further simplify operations and enhance the resident experience. With a manageable 28-unit footprint, Shire offers an attractive balance of scale and operational flexibility.
Bettendorf continues to distinguish itself as one of the premier communities in Eastern Iowa, known for its strong public infrastructure, highly rated schools, and quality-of-life amenities. Residents enjoy immediate access to Mississippi Riverfront recreational trails, Veterans Memorial Park, and community attractions such as the Family Museum and Splash Landing Aquatic Center. The city’s blend of suburban stability and urban accessibility allows tenants to enjoy a quieter residential setting while remaining just minutes from downtown Davenport, Moline, and Rock Island.
As part of the Quad Cities MSA - home to more than 470,000 residents - Shire Apartments benefits from a diverse regional economy anchored by major employers such as John Deere, Rock Island Arsenal, Genesis Health System, UnityPoint Health, Amazon, and Tyson Foods. The property also benefits from proximity to key educational institutions including Palmer College of Chiropractic, St. Ambrose University, and Augustana College, helping support a consistent renter base and long-term demand throughout the submarket. With strong economic fundamentals, regional connectivity, and a desirable Bettendorf location, Shire Apartments presents a compelling opportunity to acquire a well-positioned multifamily asset in one of the Midwest’s most stable rental markets.
Investment highlights
AVAILABLE INDIVIDUALLY OR AS A PORTFOLIO
The QC 100 Portfolio is a 100-unit multifamily offering strategically positioned across Davenport and Bettendorf, Iowa, representing a rare opportunity to acquire immediate scale in two of the Quad Cities’ most established and desirable rental submarkets. The portfolio consists of Carriage Hill Apartments (44 units), Shire Apartments (28 units), and Rivendell Apartments (28 units), offering a combined unit mix of 82 one-bedroom units and 18 two-bedroom units. Shire and Rivendell are practically adjacent in Bettendorf, creating meaningful operational efficiencies through concentrated management and maintenance, while Carriage Hill is located just five minutes away in Davenport’s East End, allowing for streamlined oversight across the full portfolio.
The portfolio features a variety of practical resident amenities including secure-entry buildings, on-site laundry facilities, detached garage parking, and on-site surface parking, creating operational efficiencies while enhancing overall tenant appeal. The utility structures across the assets are straightforward and efficient, with ownership covering select utility expenses while preserving manageable operating structures. The concentrated nature of the portfolio allows investors to achieve immediate economies of scale while maintaining operational flexibility across three strategically assembled assets within tightly connected submarkets.
Situated within some of Davenport and Bettendorf’s most desirable and supply-constrained residential corridors, The QC 100 Portfolio benefits from strong surrounding demographics, highly rated school districts, and immediate proximity to retail, dining, parks, and riverfront recreation. Carriage Hill Apartments is located in Davenport’s East End, one of the city’s most established and character-rich residential neighborhoods, recognized for its walkability, historic charm, and proximity to the Village of East Davenport and downtown Davenport. Shire Apartments and Rivendell Apartments are positioned within Bettendorf, one of Eastern Iowa’s most sought-after communities, known for its strong public infrastructure, quality-of-life amenities, and highly regarded municipal services.
As part of the Quad Cities MSA - home to more than 470,000 residents - The QC 100 Portfolio benefits from a diverse regional economy anchored by major employers including John Deere, Genesis Health System, UnityPoint Health, Rock Island Arsenal, Amazon, and Tyson Foods. The assets are also located near major educational institutions including Palmer College of Chiropractic, St. Ambrose University, and Augustana College, supporting durable rental demand across the market. With immediate scale, concentrated geography, and irreplaceable locations in premier Quad Cities submarkets, The QC 100 Portfolio presents a compelling opportunity to acquire a strategically assembled multifamily portfolio in one of the Midwest’s most stable and desirable rental markets.
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