36-Unit Apartment Community

604 West 63rd Street, Davenport, IA 52806

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For Sale

$1,975,000

Well-maintained 36-unit apartment community with a mix of one- and two-bedroom apartments across six buildings.

Type:Multifamily

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
Recent exterior work completed to some decks and parking lots
Location off the I‑80/Brady Street interchange for access to employers and amenities across the Quad Cities
Offered at $1,975,000 ($54,861/unit) with an 8.02% cap rate

We can help!

Listing Contact

David Eckley

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For Sale

$1,975,000

Well-maintained 36-unit apartment community with a mix of one- and two-bedroom apartments across six buildings.

Type:Multifamily

Added:: Jun 16, 2026
Days on Market:: 5
Last Refresh:: Jun 20 at 4:50 am

Property Features for 604 West 63rd Street

General Information

Standard status: Active
Property subtype: Multifamily

We can help!

Listing Contact

David Eckley

Listing agent David Eckley License #S65549000

Listing office CBRE - Des Moines

Listing date Jun 16, 2026

Source Cbre

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

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
Recent exterior work completed to some decks and parking lots
Location off the I‑80/Brady Street interchange for access to employers and amenities across the Quad Cities
Offered at $1,975,000 ($54,861/unit) with an 8.02% cap rate

Overview

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.

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City: Davenport
County: Scott
State: Iowa
Longitude: -90.58033
Latitude: 41.584302

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For sale
Apartment buildings
IA
Davenport
52806
604 West 63rd Street

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