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    111 Commerce St Morrilton, AR 72110

    New
    For Sale
    $699,900

    Apartments - Morrilton, AR

    Property size:
    13,600 SF
    Lot size:
    0.80 Acres
    Days on Market:
    7
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 111 Commerce St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B1
    Parking features
    Garage
    Size
    13,600 SF
    Lot size
    0.80 Acres

    Utilities

    Heating system
    Central, Natural Gas
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1932
    Floors in Building
    2
    Number of units
    8
    Flooring type
    Carpet, Carpet - Partial, Tile, Wood
    Building materials
    Stucco
    Roof type
    Flat
    Architectural style
    Other

    Howell-Rickett Real Estate Professionals, Inc. (501) 977-5421

    Listing agent Joy Howell-Rickett (501) 977-1700

    Listing date Nov 29, 2025

    MLS# 25029224 Listing URL

    Copyright © 2025 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Morrilton Apartments: Investment Opportunity

    This property presents an investment opportunity with an eight-unit apartment complex. The complex includes two studio apartments, five two-bedroom, one-bath units, and one three-bedroom, two-bath unit. A private parking garage is available, along with a large extra lot for additional parking. The property is located in Morrilton, Arkansas, within Conway County, and is zoned B1. The lot size is 0.8 acres, and the property size is 13,600 square feet.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Morrilton
    County
    Conway
    State
    Arkansas
    Longitude
    -92.743998
    Latitude
    35.154013

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    FAQs

    What type of property is this?
    Apartment building - Eight-unit apartment complex with parking and extra lot.
    Where is this apartment building located?
    The property is located at 111 Commerce St Morrilton, AR.
    What is the asking price?
    The asking price for this property is $699,900.
    What are key features of this property?
    This property features: - 8-unit apartment complex: Great investment opportunity.; - Mix of unit types: 2 studios, 5 two-bedroom, and 1 three-bedroom.; - Extra lot for parking.
    (501) 977-1700
    Request Owner's contact information
    111 Commerce St Morrilton, AR 72110
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    Morrilton, AR 72110
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    111 Commerce St Morrilton, AR 72110
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