$80,000
SOLD MAY 23, 2025

2202 E Locust St Davenport, IA 52803

East End Neighborhood
2 Beds
-- Bath
1,563 Sq Ft
0.26 Acres

Recently Sold

$51 Per Sq Ft

20% Below List Price

4 Days on Market

About This Home

As of May 2025

Investor’s Dream in Northeast Davenport – 11% Cap Rate! This multi-family property features two 1-bedroom, 1-bathroom units, both currently occupied by long-term tenants who wish to stay—providing immediate cash flow from day one. Situated in desirable northeast Davenport, the property boasts a spacious parking lot, along with a 2-car detached garage, offering convenience and added value for tenants. With a strong 11% cap rate, this is a rare chance to secure a high-performing asset in a stable rental market. Whether you’re a seasoned investor or just getting started, this property offers the perfect blend of low maintenance, solid returns, and reliable rental income. Don’t miss out—start earning from day one!

Last Agent to Sell the Property

Rachel Allen

KW 1Advantage Brokerage Phone: 563-484-1984 License #S69683000/475203272 Listed on: 04/21/2025

KW 1Advantage

Co-Listed By

Abby Meeks

KW 1Advantage Brokerage Phone: 563-484-1984 License #S66662000/475.203187

Last Buyer's Agent

Grant McCaulley

eXp Realty License #475.155783

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,416

Year Built

  • Built in 1864

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 74x150
  • Level Lot

Parking

  • 2 Parking Spaces

Home Design

  • 1,563 Sq Ft Home
  • Shingle Roof
  • Aluminum Siding

Schools

  • Davenport High School

Additional Features

  • 2 Bedrooms
  • Radiant Heating System

Community Details

  • Thomas Subdivision
  • Trash Expense $920

Listing and Financial Details

  • Assessor Parcel Number D0062-36

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,416

Year Built

Built in 1864

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Residential Income
  • Year Built: 1864
  • New Construction: No
  • Structure Type: Two or More Story
  • PricePerSqFt: 51.18
  • Attribution Contact: Cell: 563-484-1984
  • Special Features: None

Interior Features

  • Basement: None
  • Total Bedrooms: 2

Exterior Features

  • Lot Features: Level
  • Construction Type: Aluminum Siding, Brick
  • Roof: Shingle
  • 100YearPlain: Unknown

Garage/Parking

  • Parking Features: Other
  • Total Parking Spaces: 2

Utilities

  • Cooling: None
  • Heating: Natural Gas, Radiant
  • Electric Expense: 1440
  • Water Sewer Expenses: 480
  • Water Source: Public Sewer
  • GasExpense: 0
  • NumberOfWaterHeaters: 2
  • NumberOfHeatingUnits: 2
  • NumberOfCentralAirUnits: 0
  • NumberOfGasMeters: 1
  • NumberOfElectricMeters: 1
  • NumberofWaterMeters: 1

Condo/Co-op/Association

  • Senior Community: No
  • LawnSnowRemoval: 0

Fee Information

  • Trash Expense: 920
  • AdvertisingExpense: 0

Schools

  • High School: Davenport

Lot Info

  • Lot Size Acres: 0.26
  • Lot Size: 74x150
  • Additional Parcels Description: D25020
  • Parcel #: D0062-36

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 1416
  • TaxExemptions: None

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 16200
  • Annual Operating Expense: 3650

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2025
Closed on
May 23, 2025
Sold by
Mr Homes Llc
Bought by
Josiah & Dann Properties Llc
Seller's Agent
Rachel Allen
KW 1Advantage
Buyer's Agent
Grant McCaulley
eXp Realty
List Price
$100,000
Sold Price
$80,000
Premium/Discount to List
-$20,000
-20%
Views
11

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
810.45%
Original Mortgage
$0
Interest Rate
6.81%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $80,000 None Listed On Document
Warranty Deed $39,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $0 New Conventional
Closed $0 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2025 05/23/25 Sold $80,000 -20.0% $51 / Sq Ft
04/25/2025 04/25/25 Pending -- -- --
04/21/2025 04/21/25 For Sale $100,000 -- $64 / Sq Ft
Source: RMLS Alliance

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,416 $81,230 $33,300 $47,930
2023 $1,308 $81,230 $33,300 $47,930
2022 $1,314 $61,250 $29,600 $31,650
2021 $1,314 $61,250 $29,600 $31,650
2020 $1,264 $58,180 $29,600 $28,580
2019 $1,564 $57,260 $29,600 $27,660
2018 $2,949 $57,260 $29,600 $27,660
2017 $318 $57,260 $29,600 $27,660
2016 $2,162 $57,260 $0 $0
2015 $1,254 $77,700 $0 $0
2014 $1,726 $77,700 $0 $0
2013 $1,696 $0 $0 $0
2012 -- $71,550 $26,200 $45,350
Source: Public Records

Agents Affiliated with this Home

  • Rachel Allen

    Seller's Agent in 2025

    Rachel Allen

    KW 1Advantage

    (563) 323-6970

    4 in this area

    87 Total Sales

    Rachel Allen
    Section Image
  • Abby Meeks

    Seller Co-Listing Agent in 2025

    Abby Meeks

    KW 1Advantage

    (563) 271-7492

    10 in this area

    133 Total Sales

    Abby Meeks
    Section Image
  • Grant McCaulley

    Buyer's Agent in 2025

    Grant McCaulley

    eXp Realty

    (563) 468-1996

    7 in this area

    229 Total Sales

    Grant McCaulley
    Section Image
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Map

Source: RMLS Alliance

MLS Number: QC4262447

RMLS Alliance

APN: D0062-36

Iowa Scott County Davenport 52803 East End

2202 E Locust St, Davenport, IA

This home is located at 2202 E Locust St, Davenport, IA 52803 and is currently priced at $80,000, approximately $51 per square foot. This property was built in 1864. 2202 E Locust St is a home located in Scott County with nearby schools including Sudlow Intermediate School, Central High School, and St. Paul the Apostle Catholic School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

RMLS Alliance IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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