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This multifamily property at 119-121 W 13th Street in Davenport is currently for sale, presenting a solid acquisition target for residential real estate investors focused on the Iowa market. The asset functions as an apartment building comprising five distinct units, offering a straightforward addition to a rental portfolio. Davenport sits along the Mississippi River as part of the Quad Cities, a region characterized by a stable industrial and service-oriented economy. Residents here benefit from easy access to major regional transit corridors and the local amenities of a historic urban center. Given the unit count and apartment configuration, the building is well-suited for traditional long-term leasing strategies. Investors will find that this property aligns with the demand for workforce housing in a city known for its moderate cost of living and steady population base. Its location provides tenants with proximity to local employers and downtown resources, supporting consistent occupancy potential for a multi-unit investment.
Run the numbers on this deal. All calculations are estimates — verify with your lender and accountant.