5-Bedroom Iowa Duplex Hits the Market for $119,500
A multi-family property in Davenport, Iowa, has just hit the market for $119,500, offering five total bedrooms, two full bathrooms and two separate units under one roof.
Located at 1112 N Gaines Street, the property was built in 1920 and is being marketed as a residential income opportunity.
The new listing identifies the building as a converted residence containing two units, making it potentially interesting for investors, landlords or buyers interested in living in one portion while using the other as rental space.
The property officially entered the market in October 2026 with a $119,500 asking price.
According to the current MLS information, there are five bedrooms and two full bathrooms across the property.
A total of seven rooms are reported.
Unlike some older online property records that describe the address differently, the current listing specifically categorizes 1112 N Gaines Street as a two-to-four-unit multi-family property with two units in the building.
The exterior is finished in aluminum siding, while the home has an asphalt roof and a block foundation.
Built more than a century ago, the residence dates to 1920 and sits on a level lot measuring approximately 7,405 square feet, or about 0.17 acres.
The lot is less than one-quarter acre, providing enough outdoor space around the building without the maintenance demands associated with a large property.
Two parking spaces are included.
Inside, heating is supplied through a natural-gas forced-air system.
Public water and public sewer serve the property, another practical consideration for an income property where owners may want to avoid the maintenance responsibilities associated with private wells or septic systems.
There is no homeowners association.
The property also has an interesting history.
Public records show it sold for just $13,500 in March 2010 after being listed for $12,500 earlier that year.
Its current $119,500 asking price is therefore dramatically higher than that old transaction, although more than 16 years have passed and the present multi-family configuration should be considered when comparing the two figures.
Tax records show the property has also increased in assessed value over time.
The current listing may be especially attractive to buyers looking for a lower-priced entry into the rental market.
Rather than purchasing a single-family home with only one potential source of rent, this building contains two units, potentially allowing an owner to generate income from separate households.
Actual rents, leases, utility responsibilities and occupancy should be independently verified by any prospective buyer before making an offer.
Another important point is that older property databases do not entirely agree on the home’s bedroom count, bathroom count or finished square footage.
Because the property was listed as a new multi-family offering in October 2026, the current MLS information is the most relevant description of what is being marketed today.
With five bedrooms, two bathrooms, two units, public utilities and a $119,500 asking price, 1112 N Gaines Street offers an intriguing opportunity for someone looking for an affordable multi-family property in Davenport.
Listed on Zillow