12-Unit Townhome
For Sale
Contact for pricing
Pending
3440 West Richwoods Boulevard, Peoria, IL 61604
Built in 1977, this 12-unit townhome community offers all two-bedroom, 1.5-bath layouts.
Property Size11,116 SF
Lot Size0.88 Acres
Days on Market28
Property Features for 3440 West Richwoods Boulevard
General Information
Standard status
Pending
Size
11,116 SF
Lot size
0.88 Acres
Property subtype
Multifamily
Occupancy
94%
Additional Details
Cap Rate
7.12%
Multifamily Units
12
Building Details
Year Built
1977
Buildings
3
Units
12
Listing Agency:
Marcus & Millichap - Indianapolis
Listed By:
Aaron Kuroiwa · License #IN RB17000780
Source:
Crexi
Added: Jul 22
Changed: Aug 14
Last Checked: Aug 13 at 1:01PM
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 Marcus & Millichap - Indianapolis
Investment Insights
Based on property information with market context.
Richwoods Townhomes is a 12-unit townhome community built in 1977, arranged across three buildings on 0.88 acres. The property features an all-two-bedroom unit mix with 1.5-bath townhome layouts, averaging approximately 1,000 square feet each. The community is positioned as a larger-format, low-density rental option that operates as a single-family alternative.
The asset is located at 3440 West Richwoods Boulevard in Peoria, Illinois. The offering materials describe an in-place cap rate of 7.12% and a 9.95% pro forma yield, with in-place rents averaging roughly $898 per unit compared to a comparable market average near $1,224 (approximately 36% below market).
The asset is located at 3440 West Richwoods Boulevard in Peoria, Illinois. The offering materials describe an in-place cap rate of 7.12% and a 9.95% pro forma yield, with in-place rents averaging roughly $898 per unit compared to a comparable market average near $1,224 (approximately 36% below market).
Key Highlights
- 12‑unit townhome community in Peoria, IL built in 1977
- All two‑bedroom, 1.5‑bath unit mix
- Three buildings on 0.88 acres
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
428
Businesses Nearby
Explore this area
Business Placement
Demographics for 61604, IL
29,344
Population
13,341
Households
2.2
Avg Household Size
39
Median Age
22%
College-Educated
89%
High-School Grad
15.2 sq mi
ZIP Area
1,931
Density / Sq Mi
$50,628
Median Household Income
$34,577
Median Earnings
$904
Median Rent
$100,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Built in 1977, this 12-unit townhome community offers all two-bedroom, 1.5-bath layouts.
Where is this apartment building located?
The property is located at 3440 West Richwoods Boulevard Peoria, IL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 12‑unit townhome community in Peoria, IL built in 1977; All two‑bedroom, 1.5‑bath unit mix; Three buildings on 0.88 acres
