3570 Kimberly Downs Rd Immeuble residentiel 24 lots 1 250 410 € (52 100 €/Lot) Taux de capitalisation 7,05 % Davenport, IA 52807

Marcus & Millichap is pleased to present Kimberly Downs Apartments, a well-maintained 24-unit multifamily asset located in Davenport, Iowa. This offering includes four adjacent buildings - each with six rental units - delivering an attractive unit mix of 8 one-bedroom and 16 two-bedroom apartments. The property features off-street parking, on-site laundry, and recent capital improvements, including three rebuilt fire escapes and full roof replacements across all four buildings in 2020/2021. With in-place management, long-standing tenancy, and consistent cash flow, Kimberly Downs offers a seamless path toward a low-touch operational model and clear potential for additional upside.
Positioned just off Kimberly Road and near Brady Street Stadium, the property benefits from a highly accessible location surrounded by retail, employment, and transit corridors. Old Town Mall, Davenport Center, and Brady Plaza are all within walking distance, while major employers, hospitals, and parks are just minutes away. Proximity to St. Ambrose University, Palmer College of Chiropractic, and Augustana College adds further depth to the tenant base and supports year-round leasing velocity.
The North Side neighborhood is one of Davenport’s most active submarkets, offering the convenience of nearby retail and services within an established residential setting. Anchored by NorthPark Mall - the largest retail center in the Quad Cities - the area continues to attract steady rental demand.
With a metro population over 470,000, the Quad Cities region is driven by a diverse economic base that includes manufacturing, healthcare, education, and logistics. Major employers such as John Deere, Genesis Health System, Arconic, Rock Island Arsenal, and UnityPoint Health provide employment stability and strongly support the local housing market.
Kimberly Downs Apartments presents a compelling opportunity to acquire a well-maintained, income-producing asset with upside potential in one of Iowa’s strongest rental markets. Whether held for durable cash flow or as part of a broader value-add strategy, the property meets key criteria for location, tenant demand, and operational efficiency.