401 N Cumberland Ave - Apartments FOR SALE


Russellville, AR 72801
$4,500,000 USD
501-266-0007
401 N Cumberland Ave, Russellville, AR for Sale
$4,500,000 USD
Apartments - FOR SALE
1/45
null | 6.46% Cap Rate

401 N Cumberland Ave
Russellville, AR 72801


HIGHLIGHTS

  • High-demand location — Walking distance to Arkansas Tech University, a major and stable tenant driver.
  • Strong occupancy potential — University, local medical employers, and retail corridors support consistent rental demand.
  • 50-unit scale — Rare size in the Russellville market, allowing operational efficiencies with on-site or nearby property management.
  • Efficient unit mix — 1- and 2-bedroom layouts appeal to students, young professionals, and small families.
  • Proven rental comps — Existing rent levels leave room for repositioning and incremental rent growth.
  • Tenant retention drivers — Proximity to grocery, restaurants, services, and major roadways increases long-term livability.

OVERVIEW

This 50-unit garden-style apartment community, presents a rare opportunity to acquire ten two-story buildings on roughly 3.28 acres (37,020 SF building area) in a strong college-town rental market steps from Arkansas Tech University. The property, built in the late 1970s and classed as a B-asset, delivers scale with 50 units across a compact campus that’s ideal for phased interior and exterior upgrades, rental-rate resets, and improved management efficiencies. For investors seeking a hands-on multifamily play with immediate upside and strong tenant demand driven by nearby universities, medical centers and retail nodes, Cumberland Square is a turnkey platform with clear repositioning potential.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$122 USD /SF

# OF UNITS

50

PRICE/UNIT

$90,000

CAP RATE

6.46%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cumberland Square Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

87

LAND DETAILS

LAND ACRES

3.28 AC

LAND SF

142,877 SF

ZONING

R2

APN/PARCEL ID

812-00075-000C

ASK ABOUT THIS PROPERTY

Sergio ConversCapital Real Estate AdvisorsMore Info
501-266-0007

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Sergio ConversCapital Real Estate AdvisorsMore Info
501-266-0007

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