72Nd St Davenport, IA 52806
This exceptional 1.11-acre development opportunity is located at 0 W 72nd Street in Northwest Davenport, Iowa. The property consists of two contiguous lots ideally suited for multi-family residential construction. Its strategic location offers significant advantages. The site is zoned for multi-family use, simplifying the development process and maximizing potential returns. Furthermore, its proximity to a city park provides residents with convenient access to green space and recreational amenities. The surrounding area is a mix of single-family homes and multi-family residential buildings, creating a well-established and desirable neighborhood. The location also benefits from excellent access to a variety of amenities, including numerous industrial users, the recently constructed Amazon fulfillment center, and a diverse selection of dining and shopping establishments. This presents a unique chance to capitalize on the growing demand for housing in a thriving area of Davenport. The combined acreage offers considerable flexibility in design and development, allowing for a range of project sizes and configurations. This property represents a compelling investment opportunity for developers seeking to build high-quality multi-family housing in a prime location with strong existing infrastructure and convenient access to employment centers and daily conveniences. The asking price is $90,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.