Investment Overview

Marcus & Millichap is pleased to present Rivendell Apartments, a 28-unit multifamily asset located in Bettendorf, Iowa, a high-demand submarket within the Quad Cities. 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 further support a steady demand base from both students and professionals. Additionally, the property’s accessibility to major arterials allows for quick commutes across the Quad Cities. These locational strengths have contributed to the property’s historically consistent occupancy and operational performance. Located within a metropolitan area of over 380,000 residents, Rivendell Apartments benefits from the broader Quad Cities economy, anchored by diverse sectors including manufacturing, healthcare, logistics, and education. The region is home to major employers such as John Deere, Genesis Health System, and UnityPoint Health, all of which contribute to local economic stability. With strong regional fundamentals, modern infrastructure, and a growing population base, the Quad Cities continue to attract investment activity. Rivendell Apartments offers investors the opportunity to acquire a well-maintained, efficiently operated multifamily asset in one of the Midwest’s most stable and accessible rental markets.