316 E 7th St - Multi-Family FOR SALE


Carlisle, AR 72024
$360,000 USD
501-606-9527
316 E 7th St, Carlisle, AR for Sale
$360,000 USD
Multi-Family - FOR SALE
1/10
null | 8.75% Cap Rate

316 E 7th St
Carlisle, AR 72024


HIGHLIGHTS

  • Current rents are conservatively priced well below regional market rates, giving an investor a clear, low-risk path to substantially increased returns
  • The roof was recently replaced, repairs are up-to date, property carries zero debt, and all tenants pay their own utilities, minimizing owner overhead
  • Option to purchase with a very similar nearby apartment complex.

OVERVIEW

Carlisle Apartments is a fully occupied 8-unit residential complex at 316 E 7th Street in Carlisle, Arkansas, available for the first time in over 30 years. All units are two-bedroom, all-electric with central air conditioning and individual outside storage closets. A dedicated owner storage room is also on the property. The complex sits in close proximity to Carlisle Schools, a consistent draw for family renters and a key driver of the property's exceptional occupancy history. The property has an outstanding occupancy record — continuously full throughout its ownership, with a current waiting list of prospective tenants. Vacancies have occurred only for brief repair windows, never due to lack of demand. Rent standardization upside: current rents reflect a mix of long-term locked-in tenants and newer tenants at $500/month. As natural turnover occurs, all units are being moved to $500/month — bringing potential gross annual income to $48,000 with no capital investment required. Regional market context: current rents of $500/month represent a conservative position relative to comparable 2-bedroom units in the region. Similar units in Hazen, Lonoke, and Ward, Arkansas are currently listing at $775–$850/month. Significant additional upside exists for an owner willing to bring rents toward prevailing market rates over time. A brand new roof was installed in October 2025, meaning an incoming owner faces no near-term capital expenditure risk. Tenants pay all utilities. The property is offered free and clear with no debt.

FOR SALE DETAILS

PRICE

$360,000 USD

PRICE/SF

$154 USD /SF

# OF UNITS

8

PRICE/UNIT

$45,000

CAP RATE

8.75%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Carlisle Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

-

APN/PARCEL ID

730-00207-000

ASK ABOUT THIS PROPERTY

Dustin FreemanFreeman Electric CompanyMore Info
501-606-9527

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Dustin FreemanFreeman Electric CompanyMore Info
501-606-9527

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.