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    2218 Emerald Dr Davenport, IA 52804

    For Sale
    $960,000

    Residential Income - Davenport, IA

    Property size:
    8,640 SF
    Lot size:
    2.28 Acres
    Days on Market:
    16
    Last Refresh:
    Dec 5 at 5:06 pm

    Property Features for 2218 Emerald Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    APN
    T2053A01B
    Parking
    18
    Exterior features
    Level
    Size
    8,640 SF
    Lot size
    2.28 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1984
    Number of units
    12
    Building materials
    Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Other

    TOO Realty (563) 362-2454 [email protected]

    Listing agent Lisa Nauman (563) 362-2454 License #S62780000

    Listing date Nov 20, 2025

    MLS# QC4269456 Listing URL

    Copyright © 2025 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Condo Building on 2+ Acres

    This is a 12-unit turnkey condo building that has maintained a strong occupancy rate with some longer-term tenants. The property is situated on over 2 acres, offering potential for future expansion. It is located adjacent to a residential area and is in close proximity to Emeis Park and Golf Course in Davenport, Iowa. The property is zoned for residential use. An assumable loan with a 4.150% interest rate may be available to qualified buyers, subject to bank approval. The property size is 8,640 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Davenport
    County
    Scott
    State
    Iowa
    Longitude
    -90.639265
    Latitude
    41.539522

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    FAQs

    What type of property is this?
    Apartment building - 12-unit residential income property with expansion potential in Davenport, IA.
    Where is this apartment building located?
    The property is located at 2218 Emerald Dr Davenport, IA.
    What is the asking price?
    The asking price for this property is $960,000.
    What are key features of this property?
    This property features: - Assumable 4.150% loan available to qualified buyers (with bank approval).; - Turnkey 12-unit condo building with a strong occupancy rate.; - Located on 2+ acres, allowing for future expansion.
    (563) 362-2454
    Request Owner's contact information
    2218 Emerald Dr Davenport, IA 52804
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    Davenport, IA 52804
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2218 Emerald Dr Davenport, IA 52804
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