Investment Overview

Marcus & Millichap is pleased to present Shire Apartments, a 28-unit multifamily asset located in Bettendorf, Iowa, one of the most desirable and stable submarkets within the Quad Cities metro. The property consists of 16 one-bedroom and 12 two-bedroom units, offering a balanced unit mix designed to appeal to a broad tenant base. The property features secure entry, on-site laundry facilities, and a straightforward utility structure with water, sewer, and trash included, supporting tenant retention and operational efficiency. Positioned in a central Bettendorf location, residents benefit from convenient access to retail centers, parks, dining, and the Mississippi Riverfront trail system. Bettendorf remains one of the strongest residential communities in the region, known for its highly rated schools, strong municipal services, and overall quality of life. The city continues to attract renters seeking a suburban environment with immediate access to the broader Quad Cities employment base. Nearby educational institutions such as Palmer College of Chiropractic, St. Ambrose University, and Augustana College help support a consistent demand base from both students and working professionals. Combined with convenient regional highway access, the property benefits from strong renter demand and historically stable occupancy. With a metropolitan population exceeding 470,000, the Quad Cities region is anchored by a diverse economy spanning manufacturing, healthcare, logistics, and education. Major employers including John Deere, Rock Island Arsenal, Genesis Health System, UnityPoint Health, Amazon, and Tyson Foods continue to drive employment and housing demand throughout the market. Shire Apartments presents investors the opportunity to acquire a well-located, income-producing asset in one of Eastern Iowa’s most durable multifamily submarkets.