Five-Unit Efficiency Apartment
For Sale
$175,000
1717 S Olive Street, Pine Bluff, AR 71601
MULTI_FAMILY - Pine Bluff, AR
Property Size1,736 SF
Lot Size0.24 Acres
Price / SF$100.81
Days on Market36
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
Last Checked: Aug 4 at 1:06AM
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 complex is offered for sale as a well-maintained rental property. The building consists of five efficiency units that are currently leased, with approximately $2,000 per month in rental income reported in the listing. A new roof was installed in 2025, which may help reduce near-term capital needs and supports continued upkeep of the exterior.
Located at 1717 S Olive Street in Pine Bluff, Arkansas (Jefferson County), the property is described as having convenient access to shopping, dining, and major thoroughfares. The lot size is listed at 0.24 acres, with the building size reported as 1,736 square feet.
For investors or owner-operators seeking a smaller multifamily asset, this configuration of efficiency units can appeal to buyers looking for an income-producing property with tenants in place. Additional financial information is available to qualified buyers, and agents are directed to the remarks for further details.
Located at 1717 S Olive Street in Pine Bluff, Arkansas (Jefferson County), the property is described as having convenient access to shopping, dining, and major thoroughfares. The lot size is listed at 0.24 acres, with the building size reported as 1,736 square feet.
For investors or owner-operators seeking a smaller multifamily asset, this configuration of efficiency units can appeal to buyers looking for an income-producing property with tenants in place. Additional financial information is available to qualified buyers, and agents are directed to the remarks for further details.
Key Highlights
- 5‑unit efficiency apartment complex with all five units currently leased
- Approx. $2,000/month rental income reported with a strong rental history
- New roof installed in 2025
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.8k | $12.00 |
| − Vacancy | −$2.0k | −$1.18 |
| EGI | $18.8k | $10.82 |
| − OpEx | −$8.5k | −$4.87 |
| NOI | $10.3k | $5.95 |
1,736 SF · lease $12.00/SF/yr · vacancy 9.80% · expense 45.00%
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
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
746
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - A well-maintained five-unit efficiency apartment property with all units leased and a 2025 roof replacement.
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: 5‑unit efficiency apartment complex with all five units currently leased; Approx. $2,000/month rental income reported with a strong rental history; New roof installed in 2025
