Estimated payment $4,239/month
11-unit brick apartment building in a strong Davenport location. All units are 2-bed, 1-bath with updated interiors from last 4 - 5 years including flooring, paint, and updated kitchens and baths. Major updates include two new boilers (2021), water heater (2021), new electrical service panels (2021), and a full sprinkler system installed in 2022. Roof has also been recently replaced. An oversized 1.5 car garage, built in 2004, sits in the parking lot and offers opportunity for additional income. 8 units currently month to month, 4 units currently in lease. Main and 2nd floor units are mostly identical and the basement units are more modernized but slightly smaller, with an accessible unit as well. Utilities are included with rent however, each unit is wired and can easily be set up to be separately metered.
Listing Agent
Epique Realty Brokerage Phone: 563-676-5518 License #S71303000/475.211226 Listed on: 05/21/2025
Home Type
Year Built
Lot Details
Parking
Home Design
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Community Details
Listing and Financial Details
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/21/2025 05/21/25 | For Sale | $649,900 | +116.6% | $67 / Sq Ft |
| 04/17/2019 04/17/19 | Sold | $300,000 | 0.0% | $31 / Sq Ft |
| 04/16/2019 04/16/19 | Pending | -- | -- | -- |
| 02/25/2019 02/25/19 | For Sale | $300,000 | -- | $31 / Sq Ft |
$807,500
Davenport Iowa Real Estate For Sale! This Includes 2 Buildings with 11 Units that Tenants pay Electric & Gas in 509 & Electric in 515. $9,650 /Month Rent for all Units! Great Investment Opportunity, 2 Additional Properties on E. 6th Street & 5 Additional Properties on E. 7th Street For Sale! 509 Ripley: Unit 1 - 1/1 $1,000, Units 2-4 - 2/1 $1,200, Year leases. 515 Ripley: 6 Units - 1/1 $750, & 1
Lucky Lang II Mel Foster Co. Davenport
Source: RMLS Alliance
MLS Number: QC4263504
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