PROFITABLE 4-PLEX – 8.43% CAP RATE. This is a low-maintenance addition to any portfolio. Key capital improvements include updated electrical and individual gas or electric heat sources for all four units. Perfectly situated on a spacious corner lot, this property is just a short stroll from downtown Davenport and local schools. The home offers incredible versatility with a 2-car garage—ideal for supplemental rental income—plus RV and off-street parking. Residents can enjoy a vibrant outdoor lifestyle featuring an oversized green space, a community garden, and a cozy fire-pit. High-performing multi-family asset in Davenport, WA. CAP Rate based on verified 2025 expense data and $60,600 in gross annual income. (1) 2BR/2BA, (1) 2BR/1BA, and (2) 1BR/1BA. All units currently feature all-inclusive rents, providing a simplified management structure and a high demand "one bill" option for tenants. Showings are subject to an accepted offer to respect tenant privacy.
Davenport is located in Washington. Davenport, Washington has a population of 1,785. Davenport is more family-centric than the surrounding county with 40.17% of the households containing married families with children. The county average for households married with children is 25.96%.
The median household income in Davenport, Washington is $65,469. The median household income for the surrounding county is $62,810 compared to the national median of $69,021. The median age of people living in Davenport is 38.4 years.
The average high temperature in July is 83.9 degrees, with an average low temperature in January of 19.9 degrees. The average rainfall is approximately 14.4 inches per year, with 35.5 inches of snow per year.
