River-View Apartment
For Sale
$1,590,000
924 State St, Bettendorf, IA 52722
28-unit multifamily property with shared laundry and on-site parking, including select units with Mississippi River views.
Property Size17,400 SF
Days on Market156
Property Features for 924 State St
General Information
Standard status
Active
Size
17,400 SF
Property subtype
Multifamily
Occupancy
87%
Additional Details
Cap Rate
7.72%
Multifamily Units
28
Amenities
Select Units Feature River Views and Direct Access to the Mississippi Riverfront Trail, Offering Tenants a Unique Blend of Urban Convenience and Outdoor Recreation
Located in Bettendorf—Known for Top-Ranked Schools, Low Crime, and High Livability—the Property Benefits from Consistent Demand in One of the Quad Cities' Most Stable and Sought-After Communities
Proximity to Major Employers, Higher Education Institutions, and Regional Infrastructure like I-74 and the Quad City International Airport Supports Long-Term Occupancy and Rental Growth.
Building Details
Building Size
17,400 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: Apr 3
Changed: Aug 7
Last Checked: Sep 4 at 2:31AM
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.
Rivendell Apartments is a 28-unit multifamily building offering 22 one-bedroom units and 6 two-bedroom units. The property is designed for a practical residential mix and includes on-site parking and shared laundry facilities.
Located in Bettendorf, Iowa, the community sits just steps from the riverfront trail, and select units offer views of the Mississippi River. Residents are also positioned near local retail, restaurants, parks, and public services, with convenient access to major arterials for travel across the Quad Cities.
The asset is presented as a well-maintained, efficiently operated property with historically consistent occupancy and operational performance, supported by nearby educational and healthcare institutions and regional employment drivers.
Located in Bettendorf, Iowa, the community sits just steps from the riverfront trail, and select units offer views of the Mississippi River. Residents are also positioned near local retail, restaurants, parks, and public services, with convenient access to major arterials for travel across the Quad Cities.
The asset is presented as a well-maintained, efficiently operated property with historically consistent occupancy and operational performance, supported by nearby educational and healthcare institutions and regional employment drivers.
Key Highlights
- 28‑unit multifamily property in Bettendorf, Iowa
- Unit mix includes 22 one‑bedroom and 6 two‑bedroom apartments
- Shared laundry facilities and on‑site parking for residents
Property Analytics
Property Profile
Current Use
Lease Details
28
Residential units
Location Intelligence
Trade Area within ½ mile
276
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 - 28-unit multifamily property with shared laundry and on-site parking, including select units with Mississippi River views.
Where is this apartment building located?
The property is located at 924 State St Bettendorf, IA.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: 28‑unit multifamily property in Bettendorf, Iowa; Unit mix includes 22 one‑bedroom and 6 two‑bedroom apartments; Shared laundry facilities and on‑site parking for residents
