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Multifamily Property with Coin Laundry
For Sale
$625,000

1003 West Locust Street, Davenport, IA 52804

Two buildings offer shared coin-operated laundry, with residents responsible for gas and electric service.

Property SizeContact for details
Days on Market76

Property Features for 1003 West Locust Street

General Information

Standard status Active
Property subtype Multifamily

Amenities

Coin-operated laundry

Building Details

Buildings 2
Listing Agency: CBRE - Des Moines
Listed By: David Eckley · License #S65549000
Source: Cbre
Added: Jun 19 Changed: Aug 29 Last Checked: Sep 1 at 4:37PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Des Moines

Investment Insights

Based on property information with market context.

This multifamily property includes two buildings, each equipped with coin-operated laundry facilities. Residents pay their own gas and electric costs, while a RUBS program is in place for water and sewer expenses.

The property is located three blocks from St. Ambrose University and within one mile of MercyOne Genesis Medical Center, Assumption High School, and Central High School. Its address is 1003 West Locust Street in Davenport, Iowa.

Key Highlights

  • Coin‑operated laundry facilities in both buildings
  • Tenants pay gas and electric costs
  • RUBS program implemented for water and sewer

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Dental Office Auto Parts Store Big Box & Wholesale Store Skin Care Clinic Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

803
Businesses Nearby

Demographics for 52804, IA

25,836
Population
11,986
Households
2.2
Avg Household Size
39
Median Age
24%
College-Educated
93%
High-School Grad
32.9 sq mi
ZIP Area
785
Density / Sq Mi
$64,450
Median Household Income
$41,036
Median Earnings
$909
Median Rent
$148,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Two buildings offer shared coin-operated laundry, with residents responsible for gas and electric service.
Where is this multifamily property located?
The property is located at 1003 West Locust Street Davenport, IA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Coin‑operated laundry facilities in both buildings; Tenants pay gas and electric costs; RUBS program implemented for water and sewer
More about this property
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