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    Rock Island Apartment Community Title is generated by Realmo AI

    1103 25th Street, Rock Island, IL 61201

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    For Sale
    $2,900,000

    48-unit apartment community in Rock Island, Illinois.

    Type:Multifamily
    Property size:
    42,000 SF
    Lot size:
    1.99 Acres
    Price / SF:
    $69/SF
    Added:
    Mar 25, 2026
    Days on Market:
    96
    Last Refresh:
    Mar 18 at 8:31 am

    Property Features for 1103 25th Street

    General Information

    Standard status
    Active
    Size
    42,000 SF
    Lot size
    1.99 Acres
    Property subtype
    Multifamily

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    Ray Hamilton

    Listing office

    Listing date Mar 25, 2026

    Source Cbre

    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 Ray Hamilton

    HighLights

    • High Cap Rate: 8.25%
    • 48‑unit apartment community
    • Located in Rock Island, part of the Quad Cities MSA (over 400,000 people)
    • Proximity to Rock Island Arsenal (6,300 employees, city's largest employer)
    • Close to Augustana College (approximately 2,500 students)
    • Diverse unit mix: Studio, 1BR/1BA, 2BR/1BA, and 2BR/2BA

    Overview

    The Woodland Grove Apartments, located in Rock Island, Illinois, presents an opportunity to acquire a 48-unit apartment community. Rock Island is part of the Quad Cities MSA, encompassing over 400,000 people. The property, constructed in 1966, has a gross building area of 42,000 square feet and is situated on a 1.99-acre parcel. The unit mix includes 8 studio apartments, 24 one-bedroom/one-bathroom units, 8 two-bedroom/one-bathroom units, and 8 two-bedroom/two-bathroom units. Rock Island is home to Rock Island Arsenal, a large military installation and the city’s largest employer with 6,300 employees, located two miles north of the property. Augustana College, with an enrollment of approximately 2,500 students, is also located in Rock Island, less than one mile from the property.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $504.0k $12.00
    − Vacancy −$34.3k −$0.82
    EGI $469.7k $11.18
    − OpEx −$211.4k −$5.03
    NOI $258.4k $6.15
    42,000 SF · lease $12.00/SF/yr · vacancy 6.80% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $3.69M
    $3.23M – $4.31M (±1% cap)
    NOI $258,350 @ 7.0% cap · market cap 8.91%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Healthcare Medical
    $7.15M
    $6.26M – $8.34M (±1% cap)
    NOI $500,699 @ 7.0% cap · market cap 17.27%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Woodland Grove Apartments. Apartment Building

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Rock Island
    County
    Rock Island
    State
    Illinois
    Longitude
    -90.564361
    Latitude
    41.500432

    FAQs

    What type of property is this?
    Apartment building - 48-unit apartment community in Rock Island, Illinois.
    Where is this apartment building located?
    The property is located at 1103 25th Street Rock Island, IL.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: High Cap Rate: 8.25%; 48‑unit apartment community; Located in Rock Island, part of the Quad Cities MSA (over 400,000 people)
    More about this property
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