Move-In Ready First Floor
For Sale
$221,000
3415 EASTERN Avenue ##102, Davenport, IA 52807
First-floor condo with open floor plan, modern kitchen, and patios.
Property Size1,341 SF
Lot Size0.02 Acres
Days on Market431
Property Features for 3415 EASTERN Avenue ##102
General Information
Standard status
Active
Size
1,341 SF
Lot size
0.02 Acres
Property subtype
Single Family Detached
Amenities
Cable Ready
Forced Air
Central Air
Natural Gas
Dishwasher
Disposal
Microwave
Range
Refrigerator
Patio, Water Front, Cable Available
Building Details
Building Size
1,341 SF
Year Built
2006
Listed By:
Lisa DeLoose · License #475
(309) 314-2499
Source:
Kw
Added: Aug 26, 2025
Changed: Oct 25
Last Checked: Oct 28 at 1:21PM
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 Lisa DeLoose
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Investment Insights
Based on property information with market context.
This first-floor condo features an open floor plan with a kitchen equipped with cherry cabinets and appliances. The great room has 9-foot ceilings with crown molding. The living room includes a fireplace, and the dining room provides access to a private covered and gated patio via sliding glass doors. The property includes two large bedrooms and two full bathrooms, along with a separate laundry room. The master bedroom features a door to an additional private covered and gated patio, two closets, and a master bathroom. A parking garage is located under the building, offering a private storage area and elevator access to the floor. The unit has been repainted throughout and features newer carpet in the living room and dining room. It is located in Davenport, IL.
Key Highlights
- First‑floor condo with elevator access from the parking garage
- Private, covered, and gated patio accessible from both the dining room and master bedroom
- Open floor plan featuring a gorgeous kitchen with cherry cabinets and included appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,783
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$215,660
$215.7K
Cap Rate 7%
$154,043
$154.0K
Cap Rate 9%
$119,811
$119.8K
Market Conditions
NOI Build-Up for 1,341 SF
Gross rent
$21.1K $15.72/SF
− Vacancy
−$1.5K −$1.10/SF
EGI
$19.6K $14.62/SF
− OpEx
−$8.8K −$6.58/SF
NOI
$10.8K $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%
$215,660
Cap Rate 7%
$154,043
Cap Rate 9%
$119,811
Alternative Uses
Best Use
Apartment 5plus
$154.0K
$134.8K – $179.7K
NOI $10,783 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$289.4K
$253.3K – $337.7K
NOI $20,260 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
807
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - First-floor condo with open floor plan, modern kitchen, and patios.
Where is this apartment building located?
The property is located at 3415 EASTERN Avenue ##102 Davenport, IA.
What is the asking price?
The asking price for this property is $221,000.
What are key features of this property?
This property features: First‑floor condo with elevator access from the parking garage; Private, covered, and gated patio accessible from both the dining room and master bedroom; Open floor plan featuring a gorgeous kitchen with cherry cabinets and included appliances
