2036 N MAIN Street

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2036 N MAIN Street

Davenport, IA 52803
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for purchase in Davenport
  • Located at 2036 N Main Street in Iowa
  • Positions investors within the stable Quad Cities rental market
  • Suitable for long-term residential real estate portfolio growth
  • Asset occupies a central position in the 52803 zip code

What's Special

This multifamily property is available for sale, presenting a functional acquisition for investors focused on the Davenport residential rental market. As a stabilized asset class, apartment buildings in this region of Iowa serve the consistent demand for housing driven by the stable local economy and proximity to the Mississippi River corridor. The structure at 2036 N Main Street offers a straightforward addition to a rental portfolio or a entry point for those seeking to build wealth through residential real estate. Davenport continues to function as a regional hub, providing a steady tenant base for well-maintained multifamily facilities. Strategic placement within the 52803 zip code ensures accessibility to neighborhood amenities and major transit routes throughout the Quad Cities area. Investors can leverage the building for long-term hold strategies, capitalizing on rental income potential and sustained housing needs. The property provides a clear path for buyers looking to secure a foothold in a growing Midwestern submarket where multifamily demand remains a constant component of the urban landscape.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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