Listing Agency: RE/MAX BEST COMMERCIAL

Listed By: David Ryan · License #IA

Source: Crexi

Added: Apr 12 Changed: Aug 26 Last Checked: Aug 28 at 8:22PM

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Investment Insights

Based on property information with market context.

This offering consists of a group of six total properties, each described as a 12-plex apartment building. The property has code violations that need to be addressed immediately.

The seller notes, based on a current market survey, that the metro vacancy rate is less than 3%, with numbers presented as part of pro forma assumptions.

No additional building features, unit mix, or improvement details were provided in the available information.

Key Highlights

• For sale 12‑plex apartment building
• Existing code violations requiring immediate attention

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store HVAC Service Storage Facility Bakery Electrical Service

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

72

Residential units

Location Intelligence

Trade Area within ½ mile

679

Businesses Nearby

Explore this area Business Placement

Demographics for 52807, IA

15,851

Population

8,136

Households

1.9

Avg Household Size

40

Median Age

43%

College-Educated

94%

High-School Grad

28.6 sq mi

ZIP Area

554

Density / Sq Mi

$71,866

Median Household Income

$44,203

Median Earnings

$910

Median Rent

$323,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - For sale twelve-plex apartment building with existing code violations requiring immediate attention.

Where is this apartment building located?

The property is located at 3705 College Ave Davenport, IA.

What are key features of this property?

This property features: For sale 12‑plex apartment building; Existing code violations requiring immediate attention