$2,731 Closing Credit¹
#QC4258868, Lucky Lang II, Listing Office: Mel Foster Co. Davenport
$230,000 List price
1421 Grand Ave Davenport, IA 52803
$2,731
Closing credit¹
0.1 acres
Multi-Family
Property details
About 1421 Grand Ave
Investors! This well-maintained turn key 4-unit multifamily property with strong cash flow features four spacious 2-bed, 1-bath units (two upper, two lower), with three units currently leased—lower units at $850/month and upper units at $800/month. Tenants pay gas and electric, keeping expenses low. Recent updates include a new roof (2023), foundation tuck-pointing and soffit repairs (2024), new porch (2024), two new water heaters, a new sewer stack, recently painted interiors, bathroom floor replaced, and some replaced kitchen appliances. Furnaces have been serviced annually. A large unfinished walk-up attic—currently locked but accessible through one of the upper units—offers additional space with potential for storage or future finishing. The large unfinished basement has several areas for storage as well. Security cameras belonged to a previous tenant and stay with home (not currently in use). Located near major thoroughfares with easy access to schools, downtown, and the East Village, this property is ideally situated as an excellent opportunity for investors seeking immediate income with value-add upside. Showings of basement easy to schedule. Showing inside the units after accepted offer. Pictures are of 1425 Unit 1 & represent general condition of all units - they are essentially mirrors of one another. No sign on property.
Highlights
Home typeMulti Family
HeatingForced Air, Natural Gas
StatusActive
BasementYes
Lot size0.14 Acres
Year built1900
ParkingOn Street
MLS #QC4262397
Summary
- Basement: Yes
- Parking: On Street
- Heating: Forced Air, Natural Gas
- List Price: $230,000
- Annual Tax Amount: $2,756
- Tax Year: 2024
- Lot: Corner Lot, Level
- Directions: SE corner of 15th and Grand.
- Year Built: 1900
- Lot Size: 0.14 Acres
- MLS Number: QC4262397
- MLS Name: RMLSA
- Office Name: Currents and Keys Realty
- Listing Agent: David Wilkinson
Listings courtesy of RMLS Alliance as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of RMLS Alliance®. Real estate listings held by brokerage firms other than this broker are marked with the RMLSA logo and detailed information about them includes the name of the listing brokers. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. Copyright © 2025 Peoria Area Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/10/2025, 9:20:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$230,000
1421 Grand Ave
$2,731
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 07, 2023 | Home Sold | $172,500 |
| Feb 03, 2023 | Home Sold | $148,500 |
| Sep 30, 2008 | Home Sold | $109,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $158,060 | $2,756 |
| 2023 | $158,060 | $2,622 |
| 2022 | $122,800 | $2,970 |
| 2021 | $117,540 | $3,124 |
| 2020 | $117,540 | $3,304 |
| 2018 | $108,720 | $3,214 |
| 2017 | $108,720 | $3,128 |
History based on county public records data.
Nearby schools
1
Madison Elementary School
Public District KG-5
0.5 mi
•116 E Locust St
3
Garfield Elementary School
Public District KG-5
1.0 mi
•902 E 29th St
1
Jefferson Elementary School
Public District KG-5
1.3 mi
•1027 N Marquette St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $22,477. Most Davenport, IA residents have annual incomes less than $<35k. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
69%
<35k
30%
35k-100k
1%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
44%
Single, No Kids
22%
Single, with Kids
16%
Married, No Kids
18%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
19%
<11 yrs old
10%
12-17 yrs old
22%
18-34 yrs old
38%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Extreme Sports
Where do the neighbors shop?
Burlington
Family Dollar
Sam's Club
Where do the neighbors go to eat?
Church's Chicken
White Castle
Golden Corral
What do the neighbors drive?
Chevrolet
Oldsmobile
Kia
What do the neighbors listen to?
Urban Adult Contemporary
Rock
Adult Standards
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Davenport, IA
Davenport's transportation infrastructure includes a network of roads and highways that facilitate travel and commuting. Public transit options are available, providing residents with alternatives to private vehicle use. The city is also attentive to the needs of pedestrians and cyclists, with certain areas being particularly friendly to these modes of transport.
The city is served by a robust educational system, including numerous public and private schools that cater to a range of educational needs. Healthcare services are comprehensive, with several hospitals and clinics providing specialized care. The public library system is well-developed, and the city offers a variety of retail and dining options that reflect the local culture.
Davenport is celebrated for its vibrant community spirit and cultural events, including the annual Bix Beiderbecke Jazz Festival and the Mississippi Valley Fair. The city prides itself on its scenic riverfront and the array of parks and recreational activities that contribute to its family-friendly atmosphere.
Davenport's housing market showcases a diverse array of options, with single-family homes being a significant presence. Architectural styles vary, offering a mix of historic charm and contemporary designs. The market is balanced, with a healthy mix of homeownership and rental opportunities, reflecting the city's commitment to accommodating various lifestyle needs.
About 1421 Grand Ave
This home is located at 1421 Grand Ave in Davenport, IA and zip code 52803. Features: 0 bathroom. It has been listed on Rocket Homes since April 18, 2025 and is currently priced at $230,000.
In April 2025 more than 39 listings in Davenport, IA were sold above the asking price. During the same period more than 20 listings were sold at asking price, while more than 47 were sold below. The number of homes for sale in Davenport, IA increased by 11% between March and April 2025. Listings spent 38 days on the market in April 2025, and had a median list price of $188,481 during the same period.
From Rocket Homes Real Estate and based on county public records data.