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Investors seeking an entry-level multifamily asset will find this apartment building at 323 W 16th Street in Davenport, Iowa, a practical addition to a residential portfolio. Situated in a region known for its steady rental demand and consistent housing needs, the property provides a straightforward investment vehicle for those focused on the local market. Davenport sits along the Mississippi River as part of the Quad Cities, a metropolitan area that maintains a balanced economy supported by a diverse base of regional employers and manufacturing operations. The building is well-positioned for an owner looking to manage a small-scale multi-unit complex within a familiar suburban landscape. Its proximity to established neighborhoods ensures a baseline of interest from prospective tenants who prioritize accessibility within the Iowa market. This asset represents a functional opportunity for capital deployment in a stable Midwest submarket.
Run the numbers on this deal. All calculations are estimates — verify with your lender and accountant.