Renovated 1BR Apartment Building

2042 West 4th Street, Davenport, IA 52802

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For Sale

$440,000

Eight fully renovated 1BR/1BA units with replaced HVAC and in-unit gas-electric plus water-sewer.

Type:Multifamily

HighLights

8‑unit multifamily at 2042–2046 W 4th St, Davenport, IA 52804
All 8 units are fully renovated 1BR/1BA with new kitchen cabinets/countertops, updated appliances, vinyl flooring, new light fixtures, and fresh paint
Recent HVAC upgrades: all 8 A/C units and 8 furnaces replaced
In‑place rents average $691 per unit; listed at $440,000 ($55,000/unit) with an 8.11% cap rate
Tenant‑paid utilities: in‑unit gas/electric plus water/sewer; owner pays trash and common area utilities

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Listing Contact

David Eckley

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For Sale

$440,000

Eight fully renovated 1BR/1BA units with replaced HVAC and in-unit gas-electric plus water-sewer.

Type:Multifamily

Added:: Jun 16, 2026
Days on Market:: 5
Last Refresh:: Jun 20 at 7:53 am

Property Features for 2042 West 4th Street

General Information

Standard status: Active
Property subtype: Multifamily

We can help!

Listing Contact

David Eckley

Listing agent David Eckley License #S65549000

Listing office CBRE - Des Moines

Listing date Jun 16, 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 CBRE - Des Moines

HighLights

8‑unit multifamily at 2042–2046 W 4th St, Davenport, IA 52804
All 8 units are fully renovated 1BR/1BA with new kitchen cabinets/countertops, updated appliances, vinyl flooring, new light fixtures, and fresh paint
Recent HVAC upgrades: all 8 A/C units and 8 furnaces replaced
In‑place rents average $691 per unit; listed at $440,000 ($55,000/unit) with an 8.11% cap rate
Tenant‑paid utilities: in‑unit gas/electric plus water/sewer; owner pays trash and common area utilities

Overview

This property is an eight-unit apartment building offering an all–1BR/1BA unit mix. Built in 1920, it has been significantly updated with more than $200,000 invested in recent capital improvements, including fully renovated interiors. Each unit features new kitchen cabinets and countertops, updated appliances, new vinyl flooring, new light fixtures, and fresh paint throughout. For year-round comfort, all eight A/C units and all eight furnaces have been recently replaced.

The building operates as a resident-pay utility model: tenants pay in-unit gas/electric and water/sewer. The owner is responsible for trash and common area utilities, helping keep operating expenses more controlled and predictable.

With every unit refreshed and HVAC systems replaced, this is well suited for an owner seeking a turnkey, income-generating multifamily asset with consistent unit finishes across the portfolio. The fully renovated configuration can support tenant-friendly move-ins, while the utility setup clarifies responsibilities between residents and ownership.

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Local Demand

City: Davenport
County: Scott
State: Iowa
Longitude: -90.608871
Latitude: 41.523569

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For sale
Apartment buildings
IA
Davenport
52802
2042 West 4th Street

What type of property is this?

Apartment building - Eight fully renovated 1BR/1BA units with replaced HVAC and in-unit gas-electric plus water-sewer.

Where is this apartment building located?

The property is located at 2042 West 4th Street Davenport, IA.

What is the asking price?

The asking price for this property is $440,000.

What are key features of this property?

This property features: 8‑unit multifamily at 2042–2046 W 4th St, Davenport, IA 52804; All 8 units are fully renovated 1BR/1BA with new kitchen cabinets/countertops, updated appliances, vinyl flooring, new light fixtures, and fresh paint; Recent HVAC upgrades: all 8 A/C units and 8 furnaces replaced