413 Columbia Pl - Apartments FOR SALE


Lowell, AR 72745
$5,750,000 USD
479-601-1973
413 Columbia Pl, Lowell, AR for Sale
$5,750,000 USD
Apartments - FOR SALE
1/37
null | 5.85% Cap Rate

413 Columbia Pl
Lowell, AR 72745


HIGHLIGHTS

  • Ideal for 1031 Exchange – stabilized cash flow with upside
  • Projected Cap Rate: 7.51% at $1,500/month rents
  • Expense ratio of 25% supports strong NOI margins
  • Brick construction with metal roofing – low maintenance
  • Strong historical occupancy and tenant retention
  • Immediate upside through organic rent growth

OVERVIEW

obinson Park Apartments is a stabilized, income-producing 32-unit complex located in the heart of Northwest Arkansas. Comprised of eight 4-unit buildings, each unit features a spacious 3-bedroom, 2-bathroom floorplan with approximately 1,100 square feet of living space. The all-brick construction and metal roofing provide long-term durability with minimal capital expenditure required. The property has undergone recent improvements, including HVAC replacements and interior renovations on tenant turnover. Professionally landscaped grounds, a community playground, and ample green space contribute to a highly desirable living environment. Investment Highlights: Ideal for 1031 Exchange – stabilized cash flow with upside Projected Cap Rate: 7.51% at $1,500/month rents Current Cap Rate: 5.85% with below-market rents in place Expense ratio of 25% supports strong NOI margins Brick construction with metal roofing – low maintenance Strong historical occupancy and tenant retention Immediate upside through organic rent growth Located on 4.12 acres in a high-demand submarket The property is within walking distance of Ward Nail Park, providing additional recreational value to tenants. Situated between Bentonville and Fayetteville, Lowell offers direct access to I-49 and Business 71, placing residents minutes from major employment centers, schools, and retail corridors. This offering represents a strategic opportunity for investors seeking a well-maintained, low-turnover multifamily asset in a growing market. Ideal for investors scaling into mid-size multifamily or executing a 1031 exchange requiring a reliable, income-producing replacement.

FOR SALE DETAILS

PRICE

$5,750,000 USD

PRICE/SF

$150 USD /SF

# OF UNITS

32

PRICE/UNIT

$179,688

CAP RATE

5.85%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Robinson Park Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2007

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.36 AC

LAND SF

189,922 SF

ZONING

MF

APN/PARCEL ID

12-00197-002,12-00677-000,12-00678-000,12-00679-000

ASK ABOUT THIS PROPERTY

Robert HenrySimplicity Real Estate SolutionsMore Info
479-601-1973

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Robert HenrySimplicity Real Estate SolutionsMore Info
479-601-1973

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