11-Unit Apartment
For Sale
$797,500
515 Ripley Street, Davenport, IA 52803
Two adjoining buildings provide a diversified unit mix with both year leases and month-to-month tenancy.
Property SizeContact for details
Days on Market391
Property Features for 515 Ripley Street
General Information
Standard status
Active
Property subtype
Multi Family 5+
Net Operating Income
$106,190
Units
Unit Mix
1 x 1/1, 3 x 2/1, 6 x 1/1
Multifamily Units
11
Additional Details
Gross Income
$115,800
Taxes and HOA fees
Annual Taxes
$9,610
Building Details
Year Built
1905
Buildings
2
Listing Agency:
Mel Foster Co. Davenport
(563) 359-4663
Listed By:
Lucky Lang II · License #S62276000/ 475172615
(563) 359-4663
Source:
Compass
Added: Aug 5, 2025
Changed: Aug 29
Last Checked: Aug 29 at 2:35PM
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 Mel Foster Co. Davenport
Investment Insights
Based on property information with market context.
This multifamily offering includes two apartment buildings at 509 and 515 Ripley Street, with 11 units combined. The property was built in 1905. At 509 Ripley, the configuration includes one 1-bedroom, 1-bath unit and three 2-bedroom, 1-bath units, all identified with year leases. At 515 Ripley, six units are listed as 1-bedroom, 1-bath apartments, along with one additional unit whose bedroom and bathroom configuration is not specified; that unit is offered month to month.
Utility responsibilities vary by building. Tenants pay electric and gas at 509 Ripley, while tenants pay electric at 515 Ripley. The properties are located on Ripley Street in Davenport, Iowa, within the 52803 ZIP code.
Utility responsibilities vary by building. Tenants pay electric and gas at 509 Ripley, while tenants pay electric at 515 Ripley. The properties are located on Ripley Street in Davenport, Iowa, within the 52803 ZIP code.
Key Highlights
- Two buildings with 11 units at 509 and 515 Ripley Street
- 509 Ripley includes one 1/1 unit and three 2/1 units
- 515 Ripley includes 6 units identified as 1/1, plus 1 additional unit
Property Analytics
Property Profile
Current Use
Lease Details
11
Residential units
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Two adjoining buildings provide a diversified unit mix with both year leases and month-to-month tenancy.
Where is this apartment building located?
The property is located at 515 Ripley Street Davenport, IA.
What is the asking price?
The asking price for this property is $797,500.
What are key features of this property?
This property features: Two buildings with 11 units at 509 and 515 Ripley Street; 509 Ripley includes one 1/1 unit and three 2/1 units; 515 Ripley includes 6 units identified as 1/1, plus 1 additional unit
