707 N Brady St · Davenport, IA 52803

$139,900

6 bd · 4.0 ba · 3,400 sqft · MultiFamily public records · 165 Days on market

Built 1900 7,600 sqft lot $41/sqft · 21% below area Est $181k · 23% under ↓ 22% since listing

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Why this score? — see what drove the B+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +4.0/5.0
• Schools +3.9/10.0
• Rent growth +3.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

Davenport Iowa Real Estate For Sale! This Unique 2 Story Duplex has Great Features Like: 3,464 Finished Square Feet, 5 Large Bedrooms in Main Floor/Upstairs Unit, 2 Full Bathrooms, High Ceilings, Decorative Fireplace, Beautiful Wooden Stairwell & Woodwork Throughout, Bay Area Window Overlooking Brady Street (Great Spot to Watch the Bix!), Ceiling Fans Throughout, Walk-In Pantry, Attic Storage Space that Could be Finished for Additional Living Space, 2 MudRooms (Front & Back), & 2 Car Garage! The Downstairs Unit has been Drain Tiled & Includes Large Living Space with Huge Bedroom! Some Updates Include: Newer Water Heater, Furnace, Electrical Panel, Plumbing, Vinyl Windows, & Insulated Walls! Attic Currently has a Lot of Misc. Furniture that is Included in Sale, Owner Would Allow Tenants to Use if Needed. $3,150 /Month Previous Rent for all Units! Great Investment Opportunity! Right Next Door to Palmer College!

Key facts

• Large bedroom
• Spacious kitchen
• Bay window seating

Tags

• BAY WINDOW SEATING
• GRAND WOODEN STAIRCASE
• BEAUTIFUL POCKET DOORS
• LARGE BEDROOM
• SPACIOUS KITCHEN

🏷️ Possibly a rental listed for sale. The $139,900 price doesn't fit this home's estimated sale value (~$180,922) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/1.5-bath units multifamily listed at $140k.

Deal economics

• At list price, monthly cash flow is $2k ($18k/yr) — positive. Per door: $763/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $140k).
• Recommended offer: $123k (12.0% below list) — sets the bar for market timing.
• Cap rate 19.4% vs local median 4.4% in Davenport — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 79/100 on livability (#126 in IA, #2,312 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment C-, crime F.
• Davenport Community School District (urban): math 43% / reading 50% proficiency, ranked #288 of 289 in IA (top 100%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+4.6%/yr); 160 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 805 units permitted in Scott County in 2024 (479 in 5+ unit buildings).
• At $3,121/mo this rent would consume 58% of the median local household income ($65k/yr) (locally 630% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $967 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Scott County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 4.6% rent growth), your $39k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 165 days — a 12% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 2y ago; this cycle's ask is 9893% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $123,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 165 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 2.23% ✓
• Cap rate: 19.38%
• Cash-on-cash: 46.76%
• DSCR: 3.08
• GRM: 3.7

CMA / ARV

• ARV (median comp): $180,922
• List price: $139,900
• Delta: -22.67%
• Verdict: UNDERPRICED
• Comps: 18 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
804-806 Iowa St	0.20mi	6/2.0	2,931 (-14%)	23mo	$141,000	$48	41
427 E 14th St	0.53mi	5/2.0 (-1)	3,160 (-7%)	22mo	$129,400	$41	32

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 4.57% rent growth · sell at horizon

5-year hold

• IRR: 45.8%
• Equity multiple: 3.03×
• Total profit: $79,579
• Equity at exit: $20,860

10-year hold

• IRR: 52.3%
• Equity multiple: 6.51×
• Total profit: $215,810
• Equity at exit: $12,096

Cash invested: $39,172 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 83 Strongly Landlord-Friendly
• State Iowa: 83 Strongly Landlord-Friendly · R+6
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; mostly landlord-friendly statewide.

Methodology + full state rankings →

ZIP-level market 52803

• Home prices YoY: -34.5%
• Rents YoY: 4.6%
• Active inventory: 160
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $3,121 high
• Mortgage (P&I): −$734
• Tax from tax record: −$147 /mo · $1,768/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$655
• Net cashflow: $1,526

Break-even live

Break-even rent $1,189

Max offer price $139,900

Occupancy floor 46%

Sensitivity live

Price	-10% $1,606	-5% $1,566	+0% $1,526	+5% $1,487	+10% $1,447
Rent	-10% $1,280	-5% $1,403	+0% $1,526	+5% $1,650	+10% $1,773
Rate	-1.0pp $1,597	-0.5pp $1,562	base $1,526	+0.5pp $1,490	+1.0pp $1,453

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	3	1.5	$3,122
Total (2 units)			$3,121

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
309 E 11th St Davenport, IA	5.0	2.0	2925	$1,495	$0.51	21d	1	0.31mi

Listing history 28 events

1. 2026-06-02
   days on market $139,900 Active 165 DOM
2. 2026-06-01
   days on market $139,900 Active 164 DOM
3. 2026-05-31
   days on market $139,900 Active 163 DOM
4. 2026-05-30
   days on market $139,900 Active 162 DOM
5. 2026-04-03
   historical $1,400
6. 2026-03-25
   listed $1,400
7. 2026-02-10
   price $139,900
8. 2026-01-14
   status Active
9. 2026-01-14
   historical
10. 2026-01-08
    status Active
11. 2026-01-06
    historical
12. 2026-01-05
    historical
13. 2025-11-25
    price
14. 2025-11-11
    price
15. 2025-10-21
    price
16. 2025-10-13
    price
17. 2025-09-15
    price
18. 2025-07-25
    listed Active
19. 2025-06-18
    soldstatus $160,000
20. 2025-05-29
    soldstatus $160,000 942-char remark

    Show marketing remark (942 chars)

    Davenport Iowa Real Estate For Sale! This Unique 2 Story Duplex has Great Features Like: 3,464 Finished Square Feet, 5 Large Bedrooms in Main Floor/Upstairs Unit, 2 Full Bathrooms, High Ceilings, Decorative Fireplace, Beautiful Wooden Stairwell & Woodwork Throughout, Bay Area Window Overlooking Brady Street (Great Spot to Watch the Bix!), Ceiling Fans Throughout, Walk-In Pantry, Attic Storage Space that Could be Finished for Additional Living Space, 2 MudRooms (Front & Back), & 2 Car Garage! The Downstairs Unit has been Drain Tiled & Includes Large Living Space with Huge Bedroom! Some Updates Include: Newer Water Heater, Furnace, Electrical Panel, Plumbing, Vinyl Windows, & Insulated Walls! Attic Currently has a Lot of Misc. Furniture that is Included in Sale, Owner Would Allow Tenants to Use if Needed. $3,150 /Month Previous Rent for all Units! Great Investment Opportunity! Right Next Door to Palmer College!

21. 2025-05-29
    soldstatus $160,000 Closed 942-char remark

    Show marketing remark (942 chars)

    Davenport Iowa Real Estate For Sale! This Unique 2 Story Duplex has Great Features Like: 3,464 Finished Square Feet, 5 Large Bedrooms in Main Floor/Upstairs Unit, 2 Full Bathrooms, High Ceilings, Decorative Fireplace, Beautiful Wooden Stairwell & Woodwork Throughout, Bay Area Window Overlooking Brady Street (Great Spot to Watch the Bix!), Ceiling Fans Throughout, Walk-In Pantry, Attic Storage Space that Could be Finished for Additional Living Space, 2 MudRooms (Front & Back), & 2 Car Garage! The Downstairs Unit has been Drain Tiled & Includes Large Living Space with Huge Bedroom! Some Updates Include: Newer Water Heater, Furnace, Electrical Panel, Plumbing, Vinyl Windows, & Insulated Walls! Attic Currently has a Lot of Misc. Furniture that is Included in Sale, Owner Would Allow Tenants to Use if Needed. $3,150 /Month Previous Rent for all Units! Great Investment Opportunity! Right Next Door to Palmer College!

22. 2025-04-23
    historical Under Contract 942-char remark

    Show marketing remark (942 chars)

    Davenport Iowa Real Estate For Sale! This Unique 2 Story Duplex has Great Features Like: 3,464 Finished Square Feet, 5 Large Bedrooms in Main Floor/Upstairs Unit, 2 Full Bathrooms, High Ceilings, Decorative Fireplace, Beautiful Wooden Stairwell & Woodwork Throughout, Bay Area Window Overlooking Brady Street (Great Spot to Watch the Bix!), Ceiling Fans Throughout, Walk-In Pantry, Attic Storage Space that Could be Finished for Additional Living Space, 2 MudRooms (Front & Back), & 2 Car Garage! The Downstairs Unit has been Drain Tiled & Includes Large Living Space with Huge Bedroom! Some Updates Include: Newer Water Heater, Furnace, Electrical Panel, Plumbing, Vinyl Windows, & Insulated Walls! Attic Currently has a Lot of Misc. Furniture that is Included in Sale, Owner Would Allow Tenants to Use if Needed. $3,150 /Month Previous Rent for all Units! Great Investment Opportunity! Right Next Door to Palmer College!

23. 2025-04-13
    listed $165,000 942-char remark

    Show marketing remark (942 chars)

    Davenport Iowa Real Estate For Sale! This Unique 2 Story Duplex has Great Features Like: 3,464 Finished Square Feet, 5 Large Bedrooms in Main Floor/Upstairs Unit, 2 Full Bathrooms, High Ceilings, Decorative Fireplace, Beautiful Wooden Stairwell & Woodwork Throughout, Bay Area Window Overlooking Brady Street (Great Spot to Watch the Bix!), Ceiling Fans Throughout, Walk-In Pantry, Attic Storage Space that Could be Finished for Additional Living Space, 2 MudRooms (Front & Back), & 2 Car Garage! The Downstairs Unit has been Drain Tiled & Includes Large Living Space with Huge Bedroom! Some Updates Include: Newer Water Heater, Furnace, Electrical Panel, Plumbing, Vinyl Windows, & Insulated Walls! Attic Currently has a Lot of Misc. Furniture that is Included in Sale, Owner Would Allow Tenants to Use if Needed. $3,150 /Month Previous Rent for all Units! Great Investment Opportunity! Right Next Door to Palmer College!

24. 2025-04-13
    listed $165,000 Active 942-char remark

    Show marketing remark (942 chars)

    Davenport Iowa Real Estate For Sale! This Unique 2 Story Duplex has Great Features Like: 3,464 Finished Square Feet, 5 Large Bedrooms in Main Floor/Upstairs Unit, 2 Full Bathrooms, High Ceilings, Decorative Fireplace, Beautiful Wooden Stairwell & Woodwork Throughout, Bay Area Window Overlooking Brady Street (Great Spot to Watch the Bix!), Ceiling Fans Throughout, Walk-In Pantry, Attic Storage Space that Could be Finished for Additional Living Space, 2 MudRooms (Front & Back), & 2 Car Garage! The Downstairs Unit has been Drain Tiled & Includes Large Living Space with Huge Bedroom! Some Updates Include: Newer Water Heater, Furnace, Electrical Panel, Plumbing, Vinyl Windows, & Insulated Walls! Attic Currently has a Lot of Misc. Furniture that is Included in Sale, Owner Would Allow Tenants to Use if Needed. $3,150 /Month Previous Rent for all Units! Great Investment Opportunity! Right Next Door to Palmer College!

25. 2024-04-10
    historical $1,800
26. 2024-04-03
    listed $1,800
27. 2024-03-14
    historical $550
28. 2024-01-28
    listed $550

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast IA · Partial reset (capped growth)

• Current annual tax: $1,768 · $147/mo
• Projected year-2 tax: $1,982 · $165/mo
• Expected delta: +$214/yr (+$18/mo · 12.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥103°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $37,452
• − Mortgage interest: −$7,837
• − Property taxes: −$1,768
• − Insurance: −$700
• − Repairs & maintenance: −$2,996
• − Management: −$2,996
• − Depreciation: −$4,070
• Taxable income: $17,086
• Est. tax owed @ 24.0%: −$4,101
• After-tax cash flow: $14,215/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Davenport Community School District
• NCES district ID: 1908580
• Math proficiency: 43% ▼ -11.00%
• Reading proficiency: 50% ▼ -3.00%
• Median HH income: $46,157
• Composite: 39.49/100
• National rank: #3951
• State rank: #288 of 289 in IA

Livability — Davenport

• Score: 79/100
• State rank: #126
• US rank: #2312

Category grades

Amenities A Commute B+ Cost of living A+ Crime F Employment C- Housing A+ Health & safety A+ User ratings D-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Davenport, IA
• County: Scott County · 144,583 people
• City population: 103,319
• Metro: Davenport-Moline-Rock Island, IA-IL
• Population (ZIP): 22,742
• Household income: $64,543
• Rent vs Own: 33.3% rent · 66.7% own
• Severe rent burden: 630.0

Population outlook (Scott County) Hauer SSP2

• Today (2025): 188,878 people
• By 2030: 196,648 · +4.1%
• By 2040: 210,860 · +11.6%
• By 2050: 224,359 · +18.8%
• By 2075: 258,884 · +37.1%
• By 2100: 286,447 · +51.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Black 14% Two or more races 10% Hispanic / Latino 9%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Romanian 2% Portuguese 2% Iranian 2%
• Foreign-born: 5% · Canada, United Kingdom, South Korea
• Languages at home: 93% English-only · Spanish 4% French/Haitian/Cajun 1%

Political lean MEDSL · Scott

• 2024 margin: Toss-up / Even · D 47.3% · R 51.2% · Other 1.4%
• 2008→2024 swing: -18.4pp toward R · 2008: 14.6pp · 2024: -3.9pp
• All cycles: 2024: R+3.9 2020: D+3.5 2016: D+1.4 2012: D+13.8 2008: D+14.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -96.00%
• Current HPI: 182.0976
• Rent YoY: ▲ 4.57%
• Metro: Davenport-Moline-Rock Island, IA-IL
• State GDP YoY: ▲ 2.48%
• F500 in state: 4

Industry mix (Fortune 500 HQ in IA)

Industry	F500 HQs	Revenue
▸Financial Services	1	$16B
▸Retail / Convenience	1	$15B

Price history

-22.2% since first listed

24 events — show timeline

• 2026-04-03 Rental Removed $1,400 SHOWMOJO
• 2026-03-25 Listed for Rent $1,400 SHOWMOJO
• 2026-02-10 Price Changed $139,900 MRED as Distributed by MLS Grid
• 2026-01-14 Relisted — MRED as Distributed by MLS Grid
• 2026-01-14 Listing Removed — MRED as Distributed by MLS Grid
• 2026-01-08 Relisted — MRED as Distributed by MLS Grid
• 2026-01-06 Listing Removed — RMLSA as Distributed by MLS Grid
• 2026-01-05 Listing Removed — MRED as Distributed by MLS Grid
• 2025-11-25 Price Changed — RMLSA as Distributed by MLS Grid
• 2025-11-11 Price Changed — RMLSA as Distributed by MLS Grid
• 2025-10-21 Price Changed — RMLSA as Distributed by MLS Grid
• 2025-10-13 Price Changed — RMLSA as Distributed by MLS Grid
• 2025-09-15 Price Changed — RMLSA as Distributed by MLS Grid
• 2025-07-25 Listed — RMLSA as Distributed by MLS Grid
• 2025-06-18 Sold (Public Records) $160,000 Public Records
• 2025-05-29 Sold (MLS) $160,000 RMLSA as Distributed by MLS Grid
• 2025-05-29 Sold (MLS) $160,000 MRED as Distributed by MLS Grid
• 2025-04-23 Contingent — RMLSA as Distributed by MLS Grid
• 2025-04-13 Listed $165,000 RMLSA as Distributed by MLS Grid
• 2025-04-13 Listed $165,000 MRED as Distributed by MLS Grid
• 2024-04-10 Rental Removed $1,800 APPFOLIO
• 2024-04-03 Listed for Rent $1,800 APPFOLIO
• 2024-03-14 Rental Removed $550 APPFOLIO
• 2024-01-28 Listed for Rent $550 APPFOLIO

Property tax history

-0.5%/yr

Latest (2025): $1,768 · +2.4% YoY. Source: county tax records.