59 Units - Arkansas Multifamily FOR SALE


Paragould, AR
$5,100,000 USD
541-619-0942
, Paragould, AR for Sale
$5,100,000 USD
FOR SALE
1/5
null | 6.72% Cap Rate

59 Units - Arkansas Multifamily
Paragould, AR


HIGHLIGHTS

  • Rare opportunity to acquire a 59-unit multifamily portfolio in Paragould, Arkansas, one of Northeast Arkansas’ most steadily growing markets.
  • Scale: 59 total units across multiple buildings provides operational efficiency while maintaining manageable asset size.
  • Value-add upside: Vacant former laundry structure offers clear path to creating a 60th unit.
  • Value-add upside: NOI improvement through increasing rents to market rates.
  • Workforce housing demand: Strong tenant base tied to healthcare, education, manufacturing, and service sectors.
  • Stabilized regional market: Consistent demand from renters seeking affordability outside Jonesboro.

OVERVIEW

Rare opportunity to acquire a 59-unit multifamily portfolio in Paragould, Arkansas, one of Northeast Arkansas’ most stable and steadily growing rental markets. The offering includes 58 residential units and 1 commercial unit across multiple buildings, plus an additional value-add structure with potential to create a 60th unit. Portfolio breakdown: 1 Commercial Unit 4-Plex 16-Plex 18-Plex 20-Plex Additional vacant structure (former laundry building) with full-rehab potential for conversion into an additional residential unit or income-producing amenity, such as on-site management All properties are located within Paragould, AR, a strong workforce and family-oriented community in Greene County. Market Overview Paragould sits just north of Jonesboro, Arkansas, home to Arkansas State University and a major regional employment hub. The city is widely viewed as a quieter, family-focused bedroom community for Jonesboro commuters, healthcare workers, and university staff. Key investment fundamentals: Population: ~30,000 residents with steady long-term growth Decades of expansion: Paragould has experienced consistent population increases since 1970, including multiple decades of strong percentage growth Economic drivers: Manufacturing, healthcare, agriculture, and education anchored by nearby Arkansas State University Rental demand: Limited new multifamily supply combined with continued regional job growth supports stable occupancy Crime & livability: Lower crime rates compared to similarly sized regional cities, contributing to strong tenant retention and workforce housing demand Location: 15-minute drive to Jonesboro; convenient access to US-49 and regional employers Investment Highlights Scale: 59 total units across multiple buildings provides operational efficiency while maintaining manageable asset size Diversification: Mix of building sizes plus one commercial unit creates multiple income streams Value-add upside: Vacant former laundry structure offers clear path to creating a 60th unit or additional revenue center, plus NOI improvement through increasing rents to market rates Workforce housing demand: Strong tenant base tied to healthcare, education, manufacturing, and service sectors Stabilized regional market: Consistent demand from renters seeking affordability outside Jonesboro This portfolio offers investors a chance to acquire immediate scale in a proven rental market with additional upside through strategic improvements, rent optimization, and potential unit expansion. Drive-bys encouraged. No interior showings will occur without an accepted offer and a proof of qualification for buyer. **No creative financing offers will be considered. Seller will be participating in a 1031 exchange at no cost to the buyer. *** Seller is offering 2% of sales price to a buyer's agent.

ASK ABOUT THIS PROPERTY

Kyle RobertsonJoe Capital Group LLCMore Info
541-619-0942

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Kyle RobertsonJoe Capital Group LLCMore Info
541-619-0942

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