Geri Doyle
Mel Foster Co. Davenport
(563) 484-2857
421 Total Sales
12 in East End
$196K - $675K Price Range
2202 E Locust St Davenport, IA 52803
East End NeighborhoodEstimated Value: $78,000 - $191,000
2
Beds
2
Baths
1,563
Sq Ft
$73/Sq Ft
Est. Value
About This Home
As of May 2025Investor'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!
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,416
Year Built
- Built in 1864
Lot Details
- 11,326 Sq Ft Lot
- Lot Dimensions are 74x150
- Level Lot
Home Design
- 1,563 Sq Ft Home
- Aluminum Siding
Schools
- Davenport High School
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Radiant Heating System
Community Details
Overview
- Thomas Subdivision
Building Details
- Electric Expense $1,440
- Insurance Expense $810
- Water Sewer Expense $480
- Gross Income $16,200
- Net Operating Income $11,134
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 21, 2025
Closed on
May 23, 2025
Sold by
Bought by
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
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,343
Avg. Annual Appreciation
33.69%
Interest Rate
6.81%
Mortgage Type
New Conventional
Home Values in the Area
Average Home Value in this Area
Agents Specializing in East End, IA
-
Geri Doyle
-
Erin McChesney
Erin McChesney
Haven. Real Estate
(309) 865-5843
143 Total Sales
9 in East End
$25K - $320K Price Range
-
Tracy Smyser
Tracy Smyser
RE/MAX Concepts Bettendorf
(563) 726-0217
60 Total Sales
4 in East End
$90K - $161K Price Range
-
Shueree Boley
Shueree Boley
Haven. Real Estate
(563) 296-3746
144 Total Sales
6 in East End
$81K - $320K Price Range
-
Kaitlyn Woods
Kaitlyn Woods
RE/MAX Concepts Bettendorf
(779) 243-6919
79 Total Sales
6 in East End
$165K - $353K Price Range
-
Tisha Bousselot
Tisha Bousselot
Responds QuicklyPrestige Realty QC
(563) 200-7398
102 Total Sales
2 in East End
$112K - $249K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $39,000 | None Listed On Document | ||
| $80,000 | None Listed On Document |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | -- |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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: Midwest Real Estate Data (MRED)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $1,452 | $86,550 | $33,300 | $53,250 |
| 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
6 in this area
124 Total Sales
-
Grant McCaulley
Buyer's Agent in 2025
Grant McCaulley
eXp Realty
(833) 835-5566
3 in this area
138 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: QC4262447
APN: D0062-36
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.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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