Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3415 Eastern Ave, Unit ##102 Davenport, IA 52807

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $221,000

    First-floor condo with open floor plan, modern kitchen, and patios.

    Lot size:
    0.02 Acres

    Property Features for 3415 Eastern Ave

    General Information

    Lot size
    0.02 Acres
    Exterior features
    Patio, Cable Available
    Interior features
    Cable Ready, Central Air, Natural Gas, Forced Air, Dishwasher, Disposal, Microwave, Range, Refrigerator

    Building Details

    Year built
    2006

    We can help!

    Listing Contact
    Lisa Deloose
    Source: Kw

    Listing Agency: KW 1Advantage Listing Agent: Lisa Deloose

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Move-In Ready First Floor Condo

    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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Davenport
    County
    Scott
    State
    Iowa
    Longitude
    -90.551486
    Latitude
    41.554526

    Nearby Similar for Sale

    • $960,000
      2.28 Acres

      Turnkey Condo Building on 2+ Acres

      12-unit condo building with expansion potential in Davenport, Iowa.
      2218 Emerald Dr, Davenport, IA 52804
      View Details
    • $159,900

      Turnkey Davenport Fourplex For Sale

      Fully occupied fourplex with recent renovations and significant capital improvements.
      120 N Pine St, Davenport, IA 52802
      View Details
    • $165,000

      Income Producing Davenport Duplex

      Updated duplex in central Davenport, close to amenities and recreation.
      2209 Farnam St, Davenport, IA 52803
      View Details
    • $199,900

      Davenport Duplex Near Universities

      Well-located duplex near transportation and universities, ideal for investors.
      125/127 E Locust St, Davenport, IA 52803
      View Details
    • $152,000
      0.09 Acres

      Davenport Multifamily with Parking Lot

      Davenport multifamily property with parking and storage units.
      223 S Lincoln Ave, Davenport, IA 52802
      View Details
    • $859,031
      6,776 SF

      Commercial Property in Davenport, Iowa

      Commercial property for sale in Davenport, Iowa, with 6,776 square feet.
      2020 E Locust St, Davenport, IA 52803
      View Details
    • $250,000
      0.26 Acres

      Davenport Duplex on West Side

      Duplex with spacious kitchen, basement, and private laundry hookups.
      3932 N Elsie Ave, Davenport, IA 52806
      View Details
    • $820,000

      Office and Training Center Building

      Office building with training center near Business Route 61.
      3709 North Harrison St, Davenport, IA 52806
      View Details
    • $975,000
      7,400 SF

      Davenport Office Building - $975K

      7,400 SF Vacant Office Building in Iowa
      3709 Harrison St, Davenport, IA 52806
      View Details
    • $350,000
      5,106 SF

      Davenport Retail Investment Opportunity

      Vacant Convenience Store, High Potential
      813 2Nd St, Davenport, IA 52802
      View Details
    • $1,495,000
      79,573 SF

      Downtown Davenport Office Condo

      Historic building, prime location, river views.
      131 2Nd St, Davenport, IA 52801
      View Details
    • $4,950,000
      9,296 SF

      Davenport Office Complex: Prime Location

      Two-building office complex, 9,296 sq ft.
      4622 Progress Dr, Davenport, IA 52807
      View Details

    FAQs

    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 Ave, Unit ##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
    (309) 314-2499
    Request Owner's contact information
    3415 Eastern Ave, Unit ##102 Davenport, IA 52807
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3415 Eastern Ave, Unit ##102
    Davenport, IA 52807
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3415 Eastern Ave, Unit ##102 Davenport, IA 52807
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Lisa Deloose
    Real Estate License ID: 475
    (309) 314-2499
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!