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55-Unit Riverfront Apartment Building
For Sale
Contact for pricing

400 W River Dr, Davenport, IA 52801

Newly built downtown apartments feature private balconies, covered parking, and Mississippi River views from every residence.

Property SizeContact for details
Days on Market142

Property Features for 400 W River Dr

General Information

Standard status Active
Class Class A
Property subtype Multifamily

Additional Details

Multifamily Units 55

Amenities

oversized roof top patio
covered parking spaces
private unit balconies
luxury vinyl plank flooring
in unit laundry
Mississippi views

Building Details

Year Built 2022
Listing Agency: Cushman & Wakefield - West Des Moines, Iowa
Listed By: Ryan Fitzpatrick · License #lA S65178000
Source: Crexi
Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 8:31PM

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 Cushman & Wakefield - West Des Moines, Iowa

Investment Insights

Based on property information with market context.

Completed in 2022, this 55-unit apartment property provides market-rate rental housing in a contemporary residential setting. Each residence includes Mississippi River views, a private balcony, luxury vinyl plank flooring, and in-unit laundry. The community also offers covered parking and an oversized rooftop patio oriented toward the river and downtown Davenport.

The property occupies a downtown Davenport location within the Quad Cities MSA, near restaurants, Front Street Brewery, Freight House Farmers Market, Riverfront Recreation Area, and the Quad Cities River Bandits baseball stadium. A 10-YR 100% property tax abatement incentive is associated with the asset. The offering is structured as 100% fee simple to qualified buyers.

Key Highlights

  • 55 market rate rental units built in 2022
  • Mississippi River views from every residential unit
  • Oversized rooftop patio overlooking the river and downtown Davenport

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Storage Facility Veterinary Clinic Garden Center Pet Grooming Service Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

55
Residential units

Location Intelligence

Trade Area within ½ mile

1,570
Businesses Nearby

Demographics for 52801, IA

1,446
Population
1,162
Households
1.2
Avg Household Size
36
Median Age
23%
College-Educated
89%
High-School Grad
0.4 sq mi
ZIP Area
3,615
Density / Sq Mi
$22,217
Median Household Income
$20,219
Median Earnings
$927
Median Rent

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Newly built downtown apartments feature private balconies, covered parking, and Mississippi River views from every residence.
Where is this apartment building located?
The property is located at 400 W River Dr Davenport, IA.
What are key features of this property?
This property features: 55 market rate rental units built in 2022; Mississippi River views from every residential unit; Oversized rooftop patio overlooking the river and downtown Davenport
(319) 900-6032 Call to check price and availability
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