7118 Hillandale Rd - Apartments FOR SALE


Davenport, IA 52806- North Side
$8,500,000 USD
513-300-0763
7118 Hillandale Rd, Davenport, IA for Sale
$8,500,000 USD
Apartments - FOR SALE
1/10
null | 7.74% Cap Rate

7118 Hillandale Rd
Davenport, IA 52806
North Side


HIGHLIGHTS

  • positioned for straightforward everyday access, with nearby bus service available along the Hillandale corridor and a Greyhound/FlixBus stop up road.
  • The Property is also well placed for driving, with quick access to major Davenport roadways and the broader Quad Cities highway network.
  • Regional employers include Genesis Health System, UnityPoint Health – Trinity, Deere & Company, the Rock Island Arsenal, Kraft Heinz, Arconics.
  • Everyday convenience is supported by nearby Walgreens, CVS Pharmacy, Casey's, Kwik Star, and multiple banking and service retail options in Area.
  • Local restaurants:Texas Roadhouse, Olive Garden, Buffalo Wild Wings, Panera Bread, Chick-fil-A, Culver's, Chipotle, Starbucks, and Portillo's.
  • The Property features ample parking with lots surrounding the Property

OVERVIEW

We are pleased to present the exclusive opportunity to purchase the Olde Town Estates, a multi-family investment property located at 7118 Hillandale Road in Davenport, IA (the "Property"). The multi-story buildings contain twenty (20) 3-Bedroom/1.5-Bathroom units and eighty (80) 2-Bedroom/1-Bathroom units with 81,340 square feet of gross living area in 88,100 square feet of gross area. The Property is situated upon a 5.67-acre parcel and features ample off-street parking spaces. Olde Town Estates is strategically located in eastern Davenport along Hillandale Road, offering residents convenient access to the city's primary commercial corridors, employment centers, and surrounding suburban neighborhoods. The property benefits from strong regional connectivity via nearby Interstate 74, Interstate 80, and U.S. Route 61, allowing efficient travel throughout the greater Quad Cities region, including neighboring Bettendorf, Moline, and Rock Island. Positioned within a well-established residential area, the community is also proximate to major retail destinations along Kimberly Road and Elmore Avenue, providing convenient access to shopping, dining, healthcare services, and everyday amenities that support long-term residential demand.

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$96 USD /SF

# OF UNITS

100

PRICE/UNIT

$85,000

CAP RATE

7.74%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Olde Town Estates

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1982

PARKING SPACES

164

LAND DETAILS

LAND ACRES

5.67 AC

LAND SF

247,175 SF

ZONING

-

APN/PARCEL ID

W0403C04B

ASK ABOUT THIS PROPERTY

Brian BrockmanBang Realty, IncMore Info
513-300-0763

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Brian BrockmanBang Realty, IncMore Info
513-300-0763

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.