Historic Six-Story Apartment
For Sale
Contact for pricing
Pending
511 Pershing Ave, Davenport, IA 52803
Renovated loft residences offer varied layouts, exposed brick, reclaimed wood islands, and stainless steel appliances.
Property Size84,444 SF
Days on Market132
Property Features for 511 Pershing Ave
General Information
Standard status
Pending
Size
84,444 SF
Property subtype
Retail, Multifamily
Occupancy
75%
Additional Details
Road Access
Yes
Multifamily Units
62
Building Details
Year Built
1909
Year Renovated
2018
Buildings
1
Stories
6
Listing Agency:
Transwestern Minneapolis
Listed By:
Jim Montez · License #MN 20043732
(612) 419-1557
Source:
Crexi
Added: Apr 24
Changed: Sep 2
Last Checked: Aug 31 at 9:48PM
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 Transwestern Minneapolis
Investment Insights
Based on property information with market context.
Pershing Hill Lofts is a six-story apartment property with 62 units and 84,444 square feet. Originally built in 1909 and renovated in 2018, the building includes studio, one-, two-, and three-bedroom lofts. Interior features include expansive kitchens with reclaimed wood islands, exposed brick, spiral ductwork, stainless steel appliances, and other upgraded finishes.
The property is located at 511 Pershing Avenue in Davenport’s Hamburg Historic District, near downtown retail and dining amenities and the Mississippi River. Current occupancy is 75%, compared with an approximately 7% average market vacancy rate. The asset also includes opportunities for amenity improvements in shared common areas and expanded parking. Its historic construction, renovated interiors, varied unit mix, and downtown district setting create a multifamily property with substantial physical detail and identifiable leasing considerations.
The property is located at 511 Pershing Avenue in Davenport’s Hamburg Historic District, near downtown retail and dining amenities and the Mississippi River. Current occupancy is 75%, compared with an approximately 7% average market vacancy rate. The asset also includes opportunities for amenity improvements in shared common areas and expanded parking. Its historic construction, renovated interiors, varied unit mix, and downtown district setting create a multifamily property with substantial physical detail and identifiable leasing considerations.
Key Highlights
- 62‑unit apartment property totaling 84,444 square feet
- Six‑story building originally constructed in 1909 and renovated in 2018
- Studio, one-, two-, and three‑bedroom loft floor plans
Property Analytics
Property Profile
Current Use
Lease Details
62
Residential units
75%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,430
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated loft residences offer varied layouts, exposed brick, reclaimed wood islands, and stainless steel appliances.
Where is this apartment building located?
The property is located at 511 Pershing Ave Davenport, IA.
What are key features of this property?
This property features: 62‑unit apartment property totaling 84,444 square feet; Six‑story building originally constructed in 1909 and renovated in 2018; Studio, one-, two-, and three‑bedroom loft floor plans
