Carriage Hill Apartments 1203 E 11th St 44 Unit Apartment Building $3,494,877 CAD ($79,429 CAD/Unit) 7.32% Cap Rate Davenport, IA 52803

Marcus & Millichap is pleased to present Carriage Hill Apartments, a 44-unit multifamily asset located in Davenport, Iowa, within the established East End neighborhood of the Quad Cities metro. The property consists of 44 one-bedroom, one-bath units, offering efficient layouts designed to meet the needs of workforce housing tenants. Carriage Hill features secure entry, on-site laundry facilities, and detached garage parking, providing an additional amenity that supports tenant retention and potential ancillary income. Located near the Village of East Davenport, downtown Davenport, and the Mississippi Riverfront, the property benefits from immediate access to employment centers, retail corridors, and lifestyle-driven neighborhood amenities.
Davenport’s East End remains one of the city’s most established residential neighborhoods, known for its historic character, walkability, and proximity to parks, shopping, and dining. The location provides tenants with convenient access to major educational institutions including Palmer College of Chiropractic, St. Ambrose University, and Augustana College, helping support a steady renter base from both students and local professionals. Its central infill location and access to major transportation corridors further reinforce strong occupancy fundamentals and long-term leasing demand.
With a metropolitan population exceeding 470,000, the Quad Cities region is supported by a diverse economic base spanning manufacturing, healthcare, logistics, and government employment. Major employers including John Deere, Genesis Health System, UnityPoint Health, Rock Island Arsenal, Amazon, and Kraft Heinz continue to drive regional economic growth and housing demand. Carriage Hill Apartments offers investors the opportunity to acquire a stabilized, well-located multifamily asset in one of the Quad Cities’ most established rental corridors.