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Listing provided courtesy of RE/MAX Concepts BettendorfMREDas Distributed by MLSGrid- MLS# 12666681MLS Provider

2704 Magnolia DriveBettendorf, IA 52722

Commercial · 2 Beds · 4,500 Sq. ft. | 0.25 Acres
$375,000 Active

2704 Magnolia Drive Overview

Time on Site:
26 days
Visits:
8

FULLY OCCUPIED -5-unit investment opportunity in Bettendorf. Updated units, recent roof and exterior improvements, all spacious 2-bedroom layouts, and one vacant unit providing immediate upside through lease-up. Opportunity to increase cash flow through basement finishing and rent optimization.

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2704 Magnolia Drive Facts & Features

  • Type Commercial
  • Sq. ft. 4,500
  • Price/Sq.ft. $83
  • Lot 0.25 Acres

Details

General

Income/Expenses

  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Income: 54840
  • Gross Scheduled Income: 54840
  • Insurance Expense: 6000
  • Maintenance Expense: 0
  • Net Operating Income: 37557
  • Operating Expense: 17283
  • Trash Expense: 0
  • Water Sewer Expense: 0

Building Information

  • Year Built: 1964

Business Information

  • Current Use: Multi-Family

Location/Region

  • County Or Parish: Scott
  • MLS Area Major: Bettendorf
  • Township: N/A

Rent/Lease Information

  • Tenant Pays: All Utilities

Tax Information

  • Tax Annual Amount: $6,348.00
  • Tax Year: 2024

General Information

  • Parcel Number: 842005316
  • Property Type: Commercial Sale

Interior

Building Interior

  • Building Area Total: 4500

General Information

  • Cooling: Central Air
  • Fireplaces Total: 0
  • Stories: 2

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: Public Road
  • Lot Size Acres: 0.25
  • Lot Size Dimensions: 106x110
  • Lot Size Square Feet: 12012

General Information

  • Number Of Units Total: 5

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Beds Total: 2
  • Baths Total: 1
  • Units Total: 5

Unit 2 Details

  • Unit Type: Unit 2
  • Beds Total: 0

Unit 3 Details

  • Unit Type: Unit 3
  • Beds Total: 0

Unit 4 Details

  • Unit Type: Unit 4
  • Beds Total: 0

Unit 5 Details

  • Unit Type: Unit 5
  • Beds Total: 0

Unit 6 Details

  • Unit Type: Unit 6
  • Beds Total: 0

Unit 7 Details

  • Unit Type: Unit 7
  • Beds Total: 0

2704 Magnolia Drive Neighborhood

Community

52722 (Bettendorf) Demographics

40
Median Age
1,339
Population Density (per sq. mile)
60%
College Educated
$86,202
Estimated Median Income
11,498
Estimated Total Home Owners
3,406
Estimated Total Renters
77% / 23%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

2704 Magnolia Drive Monthly Cost

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$ %
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$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2704 Magnolia Drive Market Data

Based on the last 30 days in this zip code

$520,334
Average List Price
$221
Average Price per Square Foot
60
Properties Sold
60
Average Days on Market
191
Properties for Sale
Calculations provided by Reliance Network

2704 Magnolia Drive History

Date Event Value Agent
6/13/2026Source: MRED Status Change
Active
6/8/2026Source: MRED Price Reduction
$375,000 -1.3%
6/8/2026Source: MRED Status Change
Price Change
6/3/2026Source: MRED Added to Database
June 03, 2026