924-932 State St
Bettendorf, IA 52722
Rivendell Apartments · Immeuble residentiel Propriété À vendre · 28 Unités

Marcus & Millichap is pleased to present Rivendell Apartments, a 28 unit multifamily asset located in Bettendorf, Iowa, a high-demand submarket within the thriving Quad Cities metro. The property includes 22 one-bedroom and 6 two-bedroom units, offering a practical layout for a variety of tenant profiles. Positioned just steps from the riverfront trail, select units offer views of the Mississippi River, enhancing the property’s curb appeal and tenant experience. Residents benefit from on-site parking, shared laundry facilities, and close proximity to local retail, restaurants, parks, and public services, all within a highly accessible location.
Bettendorf continues to attract renters seeking a blend of suburban lifestyle and urban connectivity. The city is known for its top-rated schools, low crime rates, and family-friendly amenities, making it an appealing environment for long-term residency. Nearby institutions such as Palmer College of Chiropractic, St. Ambrose University, and Augustana College support a steady demand base from both students and professionals. Additionally, the property’s location near major roadways allows for efficient commutes across the Quad Cities, reinforcing strong historical occupancy and stable operational performance.
With a metropolitan population exceeding 470,000, the Quad Cities region is anchored by a diverse economy spanning manufacturing, healthcare, logistics, and education. The area is home to major employers such as John Deere, Rock Island Arsenal, Genesis Health System, UnityPoint Health, Hy-Vee, Amazon, Arconic, and Kraft Heinz. These companies have chosen the region for its affordability, modern infrastructure, and central location—factors that continue to drive job growth and housing demand. Rivendell Apartments offers investors the opportunity to acquire a well-maintained, income producing asset in one of the Midwest’s most resilient and opportunity-rich rental markets.