Rivendell Apartments
28-Units | Available Individually or as a Portfolio
Marketing description
Rivendell Apartments is a 28-unit multifamily community located in Bettendorf, Iowa—part of the Quad Cities metropolitan area. The property features a unit mix of 22 one-bedroom and 6 two-bedroom apartments, offering layouts that cater to a broad renter base and support efficient leasing operations. Positioned in a central Bettendorf location, Rivendell benefits from river views in select units and direct access to the Mississippi Riverfront Trail, providing residents with walkable access to scenic outdoor recreation and regional bike paths.
The property includes on-site parking and laundry facilities, supporting day-to-day tenant convenience and streamlined management. Units feature practical layouts and desirable amenities that have historically contributed to strong occupancy. The building’s manageable size allows for operational flexibility while maintaining a clean, functional environment. Its location near commercial corridors, grocery stores, and public parks enhances overall accessibility and appeal.
Bettendorf is known throughout the region for its well-maintained infrastructure, highly ranked public services, and safe, well-connected neighborhoods. Area highlights such as the Family Museum, Splash Landing water park, and a comprehensive parks and trail system make the city a desirable place to live. Residents of Rivendell Apartments also enjoy proximity to major Quad Cities destinations—including downtown Davenport, Moline, and Rock Island—providing easy access to employment hubs, higher education institutions, healthcare, shopping, and entertainment. Educational institutions like Palmer College of Chiropractic, St. Ambrose University, and Augustana College help support a consistent rental base and drive traffic throughout the submarket.
As part of the Quad Cities MSA, home to more than 470,000 residents, Bettendorf benefits from a diverse and stable regional economy anchored by major employers such as John Deere (global HQ), Rock Island Arsenal, Genesis Health System, UnityPoint Health, Arconic, Tyson, and Amazon. The metro is well-connected via Interstates 74, 80, and 88, along with the Quad Cities International Airport, offering logistical advantages for businesses and convenience for residents. With its blend of location, economic drivers, and consistent operational history, Rivendell Apartments presents a compelling opportunity to acquire a well-maintained multifamily asset in one of the Midwest’s most reliable and accessible 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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