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6-Unit Apartment Building
For Sale
$489,000

713 W Donahue St, Eldridge, IA 52748

The property combines a balanced one- and two-bedroom mix with recent improvements to several units and building systems.

Property SizeContact for details
Days on Market8

Property Features for 713 W Donahue St

General Information

Standard status Active
Total Parking Spaces 6
Occupancy 100%

Units

Unit Mix 4 x 2BR, 2 x 1BR
Multifamily Units 6
Parking per Unit 1

Additional Details

Gross Income $58,740
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $4,762
Listing Agency: NAI Ruhl Commercial Company
Listed By: Alex Kelly · License #475.134777/S60345000
Source: Exprealty
Added: Oct 19 Changed: Oct 25 Last Checked: Oct 24 at 6:28PM

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

Rey
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Investment Insights

Based on property information with market context.

This six-unit apartment property is fully occupied and includes four two-bedroom apartments and two one-bedroom apartments. Three units have undergone full interior renovation, and four feature updated private decks. Improvements made within the past 10 years include the roof, siding, and HVAC systems.

Six off-street parking spaces are provided, with one space allocated to each apartment.

Key Highlights

  • Fully occupied six‑unit apartment property
  • Unit mix: four 2‑bedroom apartments and two 1‑bedroom apartments
  • Roof, siding, and HVAC updated within the past 10 years

Property Analytics

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Lease Details

6
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

218
Businesses Nearby

Demographics for 52748, IA

9,942
Population
3,913
Households
2.5
Avg Household Size
38
Median Age
53%
College-Educated
99%
High-School Grad
40.2 sq mi
ZIP Area
247
Density / Sq Mi
$103,600
Median Household Income
$64,375
Median Earnings
$905
Median Rent
$312,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - The property combines a balanced one- and two-bedroom mix with recent improvements to several units and building systems.
Where is this apartment building located?
The property is located at 713 W Donahue St Eldridge, IA.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Fully occupied six‑unit apartment property; Unit mix: four 2‑bedroom apartments and two 1‑bedroom apartments; Roof, siding, and HVAC updated within the past 10 years
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