28-Unit Apartment
For Sale
$1,650,000
806 State St, Bettendorf, IA 52722
Multifamily property with secure entry, laundry facilities, and a balanced mix of one- and two-bedroom residences.
Property Size18,600 SF
Days on Market108
Property Features for 806 State St
General Information
Standard status
Active
Size
18,600 SF
Property subtype
Multifamily
Occupancy
87%
Units
Unit Mix
16 x 1BR, 12 x 2BR
Multifamily Units
28
Additional Details
Cap Rate
7.76%
Highway Access
Yes
Amenities
secure entry
on-site laundry facilities
28-Unit Asset in One of Bettendorf's Strongest Rental Corridors
Balanced One- and Two-Bedroom Unit Mix
Located Near Major Employers, Retail and Riverfront Recreation
Building Details
Building Size
18,600 SF
Units
28
Listing Agency:
Chicago Downtown Office
Listed By:
Yianni Mouflouzelis · License #License(s): IL: 475.205207, MI: 6501455825, IA: S73371000
(312) 624-7074
Source:
Marcusmillichap
Added: May 18
Changed: Aug 31
Last Checked: Sep 1 at 2:49PM
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 Chicago Downtown Office
Investment Insights
Based on property information with market context.
Shire Apartments is a 28-unit multifamily property at 806 State St in Bettendorf, Iowa. The unit mix includes 16 one-bedroom apartments and 12 two-bedroom apartments. Residents have access to secure building entry and on-site laundry facilities, while water, sewer, and trash are included in the utility structure.
The property is near retail centers, parks, dining, and the Mississippi Riverfront trail system. Bettendorf provides access to the broader Quad Cities employment market, with regional demand supported by manufacturing, healthcare, logistics, and education. Palmer College of Chiropractic, St. Ambrose University, and Augustana College are identified nearby educational institutions. The property is presented with a 7.76% cap rate.
The property is near retail centers, parks, dining, and the Mississippi Riverfront trail system. Bettendorf provides access to the broader Quad Cities employment market, with regional demand supported by manufacturing, healthcare, logistics, and education. Palmer College of Chiropractic, St. Ambrose University, and Augustana College are identified nearby educational institutions. The property is presented with a 7.76% cap rate.
Key Highlights
- 28 total units with 16 one‑bedroom and 12 two‑bedroom apartments
- Secure entry and on‑site laundry facilities
- Water, sewer, and trash included for residents
Property Analytics
Property Profile
Current Use
Lease Details
28
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
Explore this area
Business Placement
Demographics for 52722, IA
40,629
Population
17,460
Households
2.3
Avg Household Size
40
Median Age
52%
College-Educated
97%
High-School Grad
26.3 sq mi
ZIP Area
1,545
Density / Sq Mi
$105,763
Median Household Income
$59,365
Median Earnings
$1,150
Median Rent
$300,800
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 - Multifamily property with secure entry, laundry facilities, and a balanced mix of one- and two-bedroom residences.
Where is this apartment building located?
The property is located at 806 State St Bettendorf, IA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 28 total units with 16 one‑bedroom and 12 two‑bedroom apartments; Secure entry and on‑site laundry facilities; Water, sewer, and trash included for residents
