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Nine-Unit Apartment Property
For Sale
$299,000

1538-1542 W 3rd Street, Davenport, IA 52802

Three-building residential property with MULTI zoning and varied unit configurations.

Property Size7,555 SF
Days on Market82

Property Features for 1538-1542 W 3rd Street

General Information

Standard status Active
Size 7,555 SF
Property subtype Commercial
Zoning MULTI

Additional Details

Multifamily Units 9

Taxes and HOA fees

Annual Taxes $8,822

Building Details

Building Size 7,555 SF
Year Built 1900
Buildings 3
Stories 2
Units 9
Listing Agency: Epique Realty Inc
Listed By: Bryce Bowers · License #475197774
Source: Midwestrealestate
Added: Jun 10 Changed: Aug 29 Last Checked: Aug 14 at 12:33PM

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 Epique Realty Inc

Investment Insights

Based on property information with market context.

This apartment property comprises three separate buildings with a combined total of 9 units. The configuration includes 3 units at 1538 W 3rd Street, 2 units at 1540 W 3rd Street, and 4 units at 1542 W 3rd Street. The buildings were constructed in 1900 and are located on a single parcel under MULTI zoning.

The property is situated at 1538-1542 W 3rd Street in Davenport, Iowa 52802. Tenant privacy requirements apply to all showings, with a minimum 24-hour notice required before access.

Key Highlights

  • 9 units distributed among 3 separate buildings
  • Unit mix includes 3 units at 1538 W 3rd St, 2 units at 1540 W 3rd St, and 4 units at 1542 W 3rd St
  • MULTI zoning

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic Accounting Firm Garden Center (Bike/Boat/Book/etc) Store

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

9
Residential units

Location Intelligence

Trade Area within ½ mile

483
Businesses Nearby

Demographics for 52802, IA

9,967
Population
4,379
Households
2.3
Avg Household Size
39
Median Age
8%
College-Educated
84%
High-School Grad
10.4 sq mi
ZIP Area
958
Density / Sq Mi
$50,850
Median Household Income
$31,250
Median Earnings
$978
Median Rent
$84,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Three-building residential property with MULTI zoning and varied unit configurations.
Where is this apartment building located?
The property is located at 1538-1542 W 3rd Street Davenport, IA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 9 units distributed among 3 separate buildings; Unit mix includes 3 units at 1538 W 3rd St, 2 units at 1540 W 3rd St, and 4 units at 1542 W 3rd St; MULTI zoning
More about this property
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