Five-Unit Efficiency Apartment
For Sale
$175,000
1717 S Olive Street, Pine Bluff, AR 71601
Multi-Family, Traditional, Pine Bluff, AR
Property Size1,736 SF
Lot Size0.24 Acres
Price / SF$100.81
Days on Market83
Property Features for 1717 S Olive Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Appliances
Free-Standing Stove, Refrigerator-Stays, Free-Standing Stove, Refrigerator-Stays
Subdivision
Gibson
Lot features
Level
Directions
GPS
Standard status
Active
APN
930-23565-000
Size
1,736 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BLK 4, S 1/2 3 & S 5 FT OF N 1
Tax Annual Amount
1613
Legal Description
BLK 4, S 1/2 3 & S 5 FT OF N 1
Building Details
Year built
1981
Floors in Building
1
Number of units
5
Flooring type
Vinyl
Roof type
Shingle
Architectural style
Other
Listing Agency:
Re/Max Platinum
(870) 534-2823
Listed By:
Wes Brown · License #PB00087003
(870) 209-4628
Added: Jun 30
Changed: Sep 6
Last Checked: Sep 20 at 6:06PM
MLS# 26026308
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This five-unit efficiency apartment property contains 1,736 square feet on a 0.24-acre parcel. Built in 1981, the complex offers compact rental units with vinyl flooring, free-standing stoves, and refrigerators that remain with the property. All five units are currently leased, providing an established operating profile for a multifamily buyer.
A shingle roof was installed in 2025. The property is located at 1717 S Olive Street in Pine Bluff, with access to shopping, dining, and major thoroughfares identified in the property information.
A shingle roof was installed in 2025. The property is located at 1717 S Olive Street in Pine Bluff, with access to shopping, dining, and major thoroughfares identified in the property information.
Key Highlights
- Five efficiency apartment units, all currently leased
- 1,736‑square‑foot multifamily property on 0.24 acres
- New shingle roof installed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,335
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$206,700
$206.7K
Cap Rate 7%
$147,643
$147.6K
Cap Rate 9%
$114,833
$114.8K
Market Conditions
NOI Build-Up for 1,736 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$20.8K $12.00/SF
− Vacancy
−$2.0K −$1.18/SF
EGI
$18.8K $10.82/SF
− OpEx
−$8.5K −$4.87/SF
NOI
$10.3K $5.95/SF
Area
Jefferson County, AR
Vacancy
9.80%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$206,700
Cap Rate 7%
$147,643
Cap Rate 9%
$114,833
Alternative Uses
Best Use
Apartment 5plus
$147.6K
$129.2K – $172.3K
NOI $10,335 @ 7.0% cap · market cap 5.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$445.1K
$389.5K – $519.3K
NOI $31,156 @ 7.0% cap · market cap 17.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
390
Businesses Nearby
Explore this area
Business Placement
Demographics for 71601, AR
13,881
Population
6,573
Households
2.1
Avg Household Size
34
Median Age
15%
College-Educated
86%
High-School Grad
115.4 sq mi
ZIP Area
120
Density / Sq Mi
$36,688
Median Household Income
$23,586
Median Earnings
$802
Median Rent
$67,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased apartment property with updated roofing and low-maintenance unit interiors.
Where is this apartment building located?
The property is located at 1717 S Olive Street Pine Bluff, AR.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Five efficiency apartment units, all currently leased; 1,736‑square‑foot multifamily property on 0.24 acres; New shingle roof installed in 2025
