Hendrix 33 Apartments — Sale in Davenport, IA

  • Price: $2.4M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Davenport, IA 52806

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Description

New Listing | 33 Units | 8.5%+ Cap Rate | Davenport, Iowa | 3rd Largest City in Iowa CBRE is pleased to offer the opportunity to acquire Hendrix 33 Apartments, a 33-unit apartment community in Davenport, Iowa. Davenport is the 3rd largest city in the State of Iowa and the largest in the Quad Cities metro with a population of over 100,000 people. Davenport serves as the primary economic engine for the MSA of over 400,000 people. Hendrix 33 consists of two buildings featuring 15 one-bedroom, one-bathroom floor plans and 18 two-bedroom, one-bathroom floor plans. Majority of units have been renovated to include stainless steel appliances, LVP flooring, new countertops, new lighting fixtures and new plumbing fixtures. Approximately $700,000 has been invested in property improvements since 2022. Please click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=ChgsC1TVJRpENROutuy66Oo5kddkMz4KaTjihLOSRCUiyw-ILcS5V_RInAIc7TDh Address: 4406 N Division St, Davenport, IA 52806 List Price: $2,350,000 Cap Rate: 8.53% Year Built: 1973 Number of Units: 33 Unit Mix: 15-1BR/1BA; 18-2BR/1BA Total Building SF: 24,525 Avg. In Place Rent: $842 Number of Buildings: 2 Number of Stories: 3 Parking: Surface Parcel Size: 1.15 acres

Market Context

This multifamily in Davenport, IA is listed for sale at $2,350,000. Compare it against other multifamily listings for sale in Davenport, IA — view the full market.

First seen on CREHunt: Aug 23, 2026

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