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Leased Duplex with Waterfront
For Sale
$150,000

1202 Adams Street, Davenport, IA 52803

Both units are occupied, with natural gas service and recent exterior painting completed.

Property SizeContact for details
Days on Market13

Property Features for 1202 Adams Street

General Information

Standard status Active
Property subtype Multi-Family
Occupancy 100%

Additional Details

Multifamily Units 2

Amenities

Natural Gas
Water Front, Asphalt

Building Details

Year Built 1892
Listing Agency: Currents and Keys Realty
Listed By: Sarah Perez
Source: Kw
Added: Aug 18 Changed: Aug 29 Last Checked: Aug 29 at 2:39PM

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 Currents and Keys Realty

Investment Insights

Based on property information with market context.

This duplex contains two leased units and is currently fully rented. The property includes natural gas service, a waterfront feature, and an asphalt exterior element. Built in 1892, it has received maintenance work over the past 8 years, along with recent exterior painting.

The property may be acquired individually or included with three additional income-producing properties offered as a package.

Key Highlights

  • Two‑unit duplex with both units currently leased
  • Fully rented income‑producing property
  • Maintenance work completed over the last 8 years

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Parking Lot & Garage Auto Parts Store Electrical Service Pharmacy Accounting Firm

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

2
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

557
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

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?
Duplex - Both units are occupied, with natural gas service and recent exterior painting completed.
Where is this duplex located?
The property is located at 1202 Adams Street Davenport, IA.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Two‑unit duplex with both units currently leased; Fully rented income‑producing property; Maintenance work completed over the last 8 years
More about this property
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