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Updated Quadplex
For Sale
$275,000

11 Oak Ln, Davenport, IA 52803

Four-unit property with one vacant apartment undergoing improvements and three occupied units.

Property Size4,817 SF
Price / SF$57.09
Days on Market324
Rey
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Property Features for 11 Oak Ln

General Information

Standard status Active
Size 4,817 SF
Total Parking Spaces 6
Property subtype Multi-Family

Additional Details

Multifamily Units 4

Building Details

Year Built 1920
Listing Agency: Ruhl&Ruhl REALTORS Davenport
Listed By: Allison Langan (563) 370-8897
Source: Searchillinoishomesforsale
Added: Nov 25, 2025 Changed: Oct 1 Last Checked: Oct 14 at 11:02PM

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 Ruhl&Ruhl REALTORS Davenport

Investment Insights

Based on property information with market context.

This 4,817-square-foot quadplex was built in 1920 and has received updates, including recent exterior wood painting. The fourth apartment is vacant while improvements to its windows, flooring, and paint are underway. Two units have active leases, while another is occupied under a month-to-month arrangement. The property is owner occupied, and tenants are responsible for electricity only.

A walk-up attic is not habitable in its current condition and includes a fire escape. The existing fireplaces are inoperable. Building systems include a water heater replaced in 2020 and a dual furnace supported by an annual maintenance agreement. Parking includes one space for Unit 1, two spaces for Unit 2, one space for Unit 3, and two spaces for Unit 4, with one uncovered space assigned to each unit.

Key Highlights

  • 4,817‑square‑foot quadplex built in 1920
  • Four‑unit conversion with Unit 4 vacant and undergoing window, flooring, and paint updates
  • Two apartments are leased; one additional unit is occupied month‑to‑month

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Dental Office Parking Lot & Garage Real Estate Agency Electrical Service Auto Parts Store Skin Care Clinic

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

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

758
Businesses Nearby

Demographics for 52803, IA

22,896
Population
10,427
Households
2.2
Avg Household Size
34
Median Age
35%
College-Educated
93%
High-School Grad
5.1 sq mi
ZIP Area
4,489
Density / Sq Mi
$61,082
Median Household Income
$32,163
Median Earnings
$871
Median Rent
$157,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Four-unit property with one vacant apartment undergoing improvements and three occupied units.
Where is this quadplex located?
The property is located at 11 Oak Ln Davenport, IA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 4,817‑square‑foot quadplex built in 1920; Four‑unit conversion with Unit 4 vacant and undergoing window, flooring, and paint updates; Two apartments are leased; one additional unit is occupied month‑to‑month
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