Multi-Family Portfolio with Code
For Sale
Contact for pricing
Pending
1304 E 38th St, Davenport, IA 52807
Portfolio includes six 12-plexes and six 4-plexes, totaling 96 units, with code violations requiring immediate attention.
Property SizeContact for details
Days on Market142
Property Features for 1304 E 38th St
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Multifamily Units
96
Listing Agency:
RE/MAX BEST COMMERCIAL
Listed By:
David Ryan · License #IA
Source:
Crexi
Added: Apr 12
Changed: Aug 28
Last Checked: Aug 29 at 7:05PM
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 RE/MAX BEST COMMERCIAL
Investment Insights
Based on property information with market context.
This offering is a multi-family portfolio comprising 12 separate properties: six 12-plex buildings and six 4-plex buildings, for a total of 96 units. The seller is willing to split the sale to accommodate a buyer’s convenience.
The properties have code violations that need to be addressed immediately. The owner will provide $200,000 at closing to support repairs with an acceptable offer.
As presented in the seller’s materials, metro vacancy is cited as less than 3% based on pro forma figures. The specific mix of units across the 12 buildings provides multiple smaller and larger building options within the same overall portfolio.
The properties have code violations that need to be addressed immediately. The owner will provide $200,000 at closing to support repairs with an acceptable offer.
As presented in the seller’s materials, metro vacancy is cited as less than 3% based on pro forma figures. The specific mix of units across the 12 buildings provides multiple smaller and larger building options within the same overall portfolio.
Key Highlights
- Portfolio includes twelve total properties: six 12‑plexes and six 4‑plexes
- Total of 96 units across the portfolio
- Code violations need to be addressed immediately
Property Analytics
Property Profile
Current Use
Lease Details
96
Residential units
Location Intelligence
Trade Area within ½ mile
681
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Portfolio includes six 12-plexes and six 4-plexes, totaling 96 units, with code violations requiring immediate attention.
Where is this apartment building located?
The property is located at 1304 E 38th St Davenport, IA.
What are key features of this property?
This property features: Portfolio includes twelve total properties: six 12‑plexes and six 4‑plexes; Total of 96 units across the portfolio; Code violations need to be addressed immediately
