36-Unit Apartment
For Sale
$1,975,000
604 West 63rd Street, Davenport, IA 52806
Well-maintained 36-unit apartment community with a mix of one- and two-bedroom apartments across six buildings.
Property SizeContact for details
Days on Market58
Property Features for 604 West 63rd Street
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Cap Rate
8.02%
Highway Access
Yes
Multifamily Units
36
Building Details
Year Built
1975
Tenancy
Multi
Listing Agency:
CBRE - Des Moines
(515) 314-1715
Listed By:
David Eckley · License #S65549000
(515) 314-1715
Source:
Cbre
Added: Jun 16
Changed: Jul 10
Last Checked: Aug 11 at 6:03PM
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 CBRE - Des Moines
Investment Insights
Based on property information with market context.
W 63rd Street Apartments is a 36-unit apartment community built in 1975, comprised of six separate buildings. The unit mix includes 12 one-bedroom, one-bathroom apartments and 24 two-bedroom, one-bathroom apartments. Renovations are in place across the property, with all units except one renovated to varying extents that typically include updated flooring, paint, and bathroom fixtures. The exterior improvements also include recent work to some decks and parking lots, supporting ongoing physical upkeep.
The property is located in Davenport, Iowa, with access off the I-80/Brady Street interchange. This convenience is intended to support resident connectivity to employers, retailers, and amenities throughout the Quad Cities area.
For investors or operators evaluating multifamily acquisitions, the current apartment mix provides flexibility for tenants seeking either one- or two-bedroom layouts. The combination of in-place interior renovations and recent exterior work may help reduce near-term capital needs, while the offering notes a potential value-add path through the implementation of RUBS. This structure can align with buyers looking to operate and improve a stabilized, multi-building community based on the existing unit plan and renovation status.
The property is located in Davenport, Iowa, with access off the I-80/Brady Street interchange. This convenience is intended to support resident connectivity to employers, retailers, and amenities throughout the Quad Cities area.
For investors or operators evaluating multifamily acquisitions, the current apartment mix provides flexibility for tenants seeking either one- or two-bedroom layouts. The combination of in-place interior renovations and recent exterior work may help reduce near-term capital needs, while the offering notes a potential value-add path through the implementation of RUBS. This structure can align with buyers looking to operate and improve a stabilized, multi-building community based on the existing unit plan and renovation status.
Key Highlights
- 36‑unit apartment community in Davenport, IA, built in 1975 across 6 buildings
- Unit mix: 24 two‑bedroom/1‑bath and 12 one‑bedroom/1‑bath apartments
- All units except one have been renovated to varying extents, typically including new flooring, paint, and bathroom fixtures
Property Analytics
Property Profile
Current Use
Lease Details
36
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
141
Businesses Nearby
Explore this area
Business Placement
Demographics for 52806, IA
28,191
Population
12,092
Households
2.3
Avg Household Size
38
Median Age
32%
College-Educated
94%
High-School Grad
31.1 sq mi
ZIP Area
906
Density / Sq Mi
$73,682
Median Household Income
$42,744
Median Earnings
$976
Median Rent
$188,100
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 - Well-maintained 36-unit apartment community with a mix of one- and two-bedroom apartments across six buildings.
Where is this apartment building located?
The property is located at 604 West 63rd Street Davenport, IA.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: 36‑unit apartment community in Davenport, IA, built in 1975 across 6 buildings; Unit mix: 24 two‑bedroom/1‑bath and 12 one‑bedroom/1‑bath apartments; All units except one have been renovated to varying extents, typically including new flooring, paint, and bathroom fixtures
