Apartment Income
1792 + others Riverview Elkins, AR 72701
1792 + others Riverview, Elkins, AR, 72701
$8,800,000
Pending
For Sale
$8,800,000
Pending
MULTI_FAMILY - Elkins, AR
Property Size46,420 SF
Lot Size5.39 Acres
Days on Market23
Property Features for 1792 + others Riverview
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Appliances
- ElectricWaterHeater
- Standard status
- Pending
- APN
- 745-00298-001
- Size
- 46,420 SF
- Lot size
- 5.39 Acres
Taxes and HOA fees
- Tax Description
- PT SW 1/4 SE 1/4 5.39ac STR 26-16-29
- Tax Annual Amount
- 70159
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2025
- Floors in Building
- 1
- Number of units
- 11
- Flooring type
- Vinyl
- Roof type
- Asphalt, Shingle
Listing Agency
Prime Real Estate and Development
(479) 571-1515
4762 N Castlewood Lane, Fayetteville, AR
Listed by
Mike Parker · License #PB00006601
(479) 530-1515
Added: Jun 29 Updated: Jul 18 at 12:21 am Checked: Jul 21 at 4:06 am
MLS# 1354191
Listing URL
Copyright © 2026 ArkansasONE MLS. 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 for-sale apartment income property offers residential income investment potential with a total building size of 46,420 square feet situated on 5.39 acres. The property is presented by an agent who owns the listing.
The location is in Elkins, Arkansas (Washington County). Public remarks note proximity to shopping and schools, and the property is in the Elkins Public Schools district.
The offering is described as a multi-family apartment building with multiple units, making it well-suited for buyers seeking a larger residential income asset.
The location is in Elkins, Arkansas (Washington County). Public remarks note proximity to shopping and schools, and the property is in the Elkins Public Schools district.
The offering is described as a multi-family apartment building with multiple units, making it well-suited for buyers seeking a larger residential income asset.
Key Highlights
- Year built 2025
- Central heating and central air conditioning
- Electric water heater
Local 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 | $724.2k | $15.60 |
| − Vacancy | −$52.1k | −$1.12 |
| EGI | $672.0k | $14.48 |
| − OpEx | −$302.4k | −$6.51 |
| NOI | $369.6k | $7.96 |
46,420 SF · lease $15.60/SF/yr · vacancy 7.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$5.28M
$4.62M – $6.16M
NOI $369,607 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.46M
$10.90M – $14.54M
NOI $872,191 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Apartment income property on 5.39 acres in Elkins, Arkansas within the Elkins Public Schools district.
Where is this apartment building located?
The property is located at 1792 + others Riverview Elkins, AR.
What is the asking price?
The asking price for this property is $8,800,000.
What are key features of this property?
This property features: Year built 2025; Central heating and central air conditioning; Electric water heater
