1538-1542 W 3rd St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1538-1542 W 3rd St
2 Residential Properties Offered at £371,664 in Davenport, IA
Investment Highlights
- Near Downtown Davenport
- Close to Shops, dining and entertainment
- Parks, cultural attractions, vibrant community
- Off-Street Parking
- Easy access to public transportation and highways
Executive Summary
Prime Multi-Family Investment Opportunity in West Davenport
Located at 1538 W 3rd St, Davenport, IA, this multi-family residential property offers a lucrative opportunity for investors. Situated in the West End, it combines proximity to downtown amenities with excellent income potential.
Unit Breakdown:
Three 1-bedroom units
One spacious 3-bedroom unit
One studio apartment
Property Highlights:
Total square footage: 7,555 sq ft
Zoned for multi-family residential use
Off-street parking available
Utilities included except tenant-paid electricity
Amenities and Features:
Forced air heating
Refrigerator in units
Well-maintained interior and exterior
Neighborhood Perks:
Located near downtown Davenport with easy access to shops, dining, and entertainment
Convenient transportation options, including local bus routes and highway access
Vibrant community atmosphere with nearby parks and cultural attractions
This property delivers a balance of comfort and convenience for tenants, making it a solid addition to any investor’s portfolio.
Located at 1538 W 3rd St, Davenport, IA, this multi-family residential property offers a lucrative opportunity for investors. Situated in the West End, it combines proximity to downtown amenities with excellent income potential.
Unit Breakdown:
Three 1-bedroom units
One spacious 3-bedroom unit
One studio apartment
Property Highlights:
Total square footage: 7,555 sq ft
Zoned for multi-family residential use
Off-street parking available
Utilities included except tenant-paid electricity
Amenities and Features:
Forced air heating
Refrigerator in units
Well-maintained interior and exterior
Neighborhood Perks:
Located near downtown Davenport with easy access to shops, dining, and entertainment
Convenient transportation options, including local bus routes and highway access
Vibrant community atmosphere with nearby parks and cultural attractions
This property delivers a balance of comfort and convenience for tenants, making it a solid addition to any investor’s portfolio.
Data Room Click Here to Access
Taxes & Operating Expenses (Actual - 2023) |
Annual |
|---|---|
| Gross Rental Income |
£54,271
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
£54,271
|
| Taxes |
£4,330
|
| Operating Expenses |
£8,653
|
| Total Expenses |
£12,983
|
| Net Operating Income |
£41,288
|
Taxes & Operating Expenses (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £54,271 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | £54,271 |
| Taxes | |
|---|---|
| Annual | £4,330 |
| Operating Expenses | |
|---|---|
| Annual | £8,653 |
| Total Expenses | |
|---|---|
| Annual | £12,983 |
| Net Operating Income | |
|---|---|
| Annual | £41,288 |
Property Facts
| Price | £371,664 | Number of Properties | 2 |
| Price / SF | £59.52 / SF | Individually For Sale | 0 |
| Net Initial Yield | 11.03% | Total Building Size | 6,244 SF |
| Sale Type | Investment | Total Land Area | 0.41 AC |
| Status | Active |
| Price | £371,664 |
| Price / SF | £59.52 / SF |
| Net Initial Yield | 11.03% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 6,244 SF |
| Total Land Area | 0.41 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1542 W 3rd St, Davenport, IA 52802 | Residential | 2,240 SF | 1900 | - |
| 1538 W 3rd St, Davenport, IA 52802 | Residential | 4,004 SF | 1900 | - |
1 of 1
1 of 9
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
GTA Old Town LLC
1538-1542 W 3rd St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.