Brick 5-Unit Apartment
For Sale
$344,997
2612 N Harrison St, Davenport, IA 52803
Five-unit brick property with individual storage units and a location across from Vander Veer Park.
Property Size3,194 SF
Price / SF$108.01
Days on Market174
Property Features for 2612 N Harrison St
General Information
Standard status
Active
Size
3,194 SF
Property subtype
Commercial
Additional Details
Multifamily Units
5
Amenities
storage unit
Building Details
Year Built
1939
Buildings
1
Construction
brick
Listing Agency:
RE/MAX Concepts Bettendorf
Listed By:
Darla Hooper · License #S45626000/475.122731
(563) 332-9900
Source:
Illianahomesource
Added: Apr 24
Changed: Oct 1
Last Checked: Oct 12 at 7:50PM
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 Concepts Bettendorf
Investment Insights
Based on property information with market context.
Built in 1939, this 3,194-square-foot apartment property contains five units within a brick-constructed building. Each unit includes a dedicated storage unit, adding practical utility for residents and supporting the property's multifamily configuration.
The property is located at 2612 Harrison Street in Davenport, directly across from Vander Veer Park. Its established setting and existing five-unit layout provide a straightforward apartment investment profile with rental income potential.
The property is located at 2612 Harrison Street in Davenport, directly across from Vander Veer Park. Its established setting and existing five-unit layout provide a straightforward apartment investment profile with rental income potential.
Key Highlights
- Five‑unit apartment property
- 3,194‑square‑foot building constructed in 1939
- Brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,682
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$513,640
$513.6K
Cap Rate 7%
$366,886
$366.9K
Cap Rate 9%
$285,356
$285.4K
Market Conditions
NOI Build-Up for 3,194 SF
Gross rent
$50.2K $15.72/SF
− Vacancy
−$3.5K −$1.10/SF
EGI
$46.7K $14.62/SF
− OpEx
−$21.0K −$6.58/SF
NOI
$25.7K $8.04/SF
Area
Davenport, IA
Vacancy
7.00%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$513,640
Cap Rate 7%
$366,886
Cap Rate 9%
$285,356
Alternative Uses
Best Use
Apartment 5plus
$366.9K
$321.0K – $428.0K
NOI $25,682 @ 7.0% cap · market cap 7.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$689.4K
$603.2K – $804.3K
NOI $48,256 @ 7.0% cap · market cap 13.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit brick property with individual storage units and a location across from Vander Veer Park.
Where is this apartment building located?
The property is located at 2612 N Harrison St Davenport, IA.
What is the asking price?
The asking price for this property is $344,997.
What are key features of this property?
This property features: Five‑unit apartment property; 3,194‑square‑foot building constructed in 1939; Brick construction
