Davenport Eleven-Unit Investment
For Sale
Contact for pricing
413 W 6TH Street, Davenport, IA 52803
Fully occupied commercial property near downtown and Palmer College.
Property Size5,456 SF
Lot Size0.26 Acres
Price / SF$47.47
Days on Market303
Property Features for 413 W 6TH Street
General Information
Standard status
Active
Size
5,456 SF
Lot size
0.26 Acres
Property subtype
Multifamily
Zoning
R-MF
Building Details
Year Built
1900
Buildings
1
Units
11
Listing Agency:
NAI Ruhl Commercial Company
(563) 355-4000
Listed By:
Shawn Langan · License #S67761000
Source:
Crexi
Added: Oct 23, 2025
Changed: Aug 20
Last Checked: Aug 20 at 10:10PM
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 NAI Ruhl Commercial Company
Investment Insights
Based on property information with market context.
This eleven-unit commercial investment property is located within Davenport’s core corridor, near downtown and Palmer College of Chiropractic. The property is fully occupied and generates a Net Operating Income of $19,925. The brick structure has an area of approximately 5,456 square feet and is situated on approximately 0.26 acres. The property features efficient unit layouts, stabilized tenancy, and steady operating performance. Tenants are responsible for electric service in their units, while ownership covers water, sewer, and trash. It has excellent proximity to downtown amenities and major arterials. This income-producing asset is ideal for private or portfolio investors seeking stabilized Quad Cities multifamily or commercial holdings.
Key Highlights
- Fully occupied commercial investment property generating a $19,925 Net Operating Income.
- Approximate 7.69% cap rate at list price.
- Located in Davenport’s core corridor near downtown and Palmer College of Chiropractic.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,522
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
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 - Fully occupied commercial property near downtown and Palmer College.
Where is this apartment building located?
The property is located at 413 W 6TH Street Davenport, IA.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Fully occupied commercial investment property generating a $19,925 Net Operating Income.; Approximate 7.69% cap rate at list price.; Located in Davenport’s core corridor near downtown and Palmer College of Chiropractic.
