Bettendorf Multifamily Investment
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932 State Street, Bettendorf, IA 52722
28-unit apartment community in central Bettendorf, Iowa.
Property Size17,400 SF
Price / SF$91.38
Days on Market110
Property Features for 932 State Street
General Information
Standard status
Active
Size
17,400 SF
Class
C
Property subtype
Multifamily
Occupancy
87%
Investment Type
Value Add
Net Operating Income
$100,146
Building Details
Year Built
1951
Buildings
1
Units
28
Listing Agency:
Marcus & Millichap - Chicago Downtown
Listed By:
Yianni Mouflouzelis · License #IA S73371000
Source:
Crexi
Added: May 13
Changed: Aug 24
Last Checked: Aug 29 at 3:08PM
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 Marcus & Millichap - Chicago Downtown
Investment Insights
Based on property information with market context.
Rivendell Apartments is a 28-unit multifamily community in Bettendorf, Iowa, part of the Quad Cities metropolitan area. The property features 22 one-bedroom and 6 two-bedroom apartments. Select units offer river views and direct access to the Mississippi Riverfront Trail. On-site parking and laundry facilities are available. The property's location near commercial corridors, grocery stores, and public parks enhances accessibility. Bettendorf is known for its infrastructure, public services, and neighborhoods. Area highlights include the Family Museum and Splash Landing water park. Residents have proximity to major Quad Cities destinations, including downtown Davenport, Moline, and Rock Island, providing access to employment, higher education, healthcare, shopping, and entertainment. Educational institutions like Palmer College of Chiropractic, St. Ambrose University, and Augustana College support a rental base. Bettendorf benefits from a diverse and stable regional economy anchored by employers such as John Deere, Rock Island Arsenal, Genesis Health System, UnityPoint Health, Arconic, Tyson, and Amazon. The metro is well-connected via Interstates 74, 80, and 88, along with the Quad Cities International Airport. The property size is 17400 square feet.
Key Highlights
- Prime location in Bettendorf, Iowa, offering river views in select units and direct access to the Mississippi Riverfront Trail.
- Strong occupancy history supported by practical layouts and desirable amenities.
- Proximity to major Quad Cities destinations, including employment hubs, higher education institutions, and entertainment.
Property Analytics
Property Profile
Current Use
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 apartment community in central Bettendorf, Iowa.
Where is this apartment building located?
The property is located at 932 State Street 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: Prime location in Bettendorf, Iowa, offering river views in select units and direct access to the Mississippi Riverfront Trail.; Strong occupancy history supported by practical layouts and desirable amenities.; Proximity to major Quad Cities destinations, including employment hubs, higher education institutions, and entertainment.
