Garden-Style Multifamily
For Sale
$3,800,000
1810 Bishop Road, Bryant, AR 72022
MULTI_FAMILY - Bryant, AR
Property Size30,228 SF
Lot Size3.81 Acres
Price / SF$125.71
Days on Market346
Property Features for 1810 Bishop Road
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Interior features
Washer Connection, Dryer Connection-Electric
Appliances
Electric Range, Refrigerator-Stays, Electric Range, Refrigerator-Stays
Subdivision
Metes & Bounds
Lot features
Level
Directions
I-30 Frontage Rd to Prickett Rd. Follow to Bishop Rd. Apartment complex is on your right.
Standard status
Active
APN
840-14848-001
Size
30,228 SF
Lot size
3.81 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PT W/2 NENE 2025-000537
Tax Annual Amount
17226
Legal Description
PT W/2 NENE 2025-000537
Building Details
Year built
1985
Floors in Building
2
Number of units
40
Flooring type
Vinyl, Carpet - Partial
Roof type
Shingle
Architectural style
Contemporary
Listing Agency:
Capital Real Estate Advisors
(501) 420-4097
Listed By:
Sergio Convers · License #PB00059330
(501) 266-0007
Added: Sep 1, 2025
Changed: Jul 19
Last Checked: Aug 12 at 5:06PM
MLS# 25038162
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.
Westside Village Apartments is a well-maintained, 40-unit garden-style multifamily community offering 16 one-bedroom flats and 24 two-bedroom flats. Units feature all-electric systems and central HVAC, with tenant-paid water and on-site laundry for resident convenience. Recent ownership has completed significant upgrades, including stone countertops in most kitchens, replacement of the majority of HVAC units and water heaters, new ceiling fans, and updated appliances.
The property is located on approximately 3.81 acres at 1810 Bishop Road in Bryant, AR, with immediate access to I-30 and proximity to Bishop Park and the Alcoa/Reynolds retail corridor.
The unit mix supports an existing rent structure of approximately $735 for 1BR and $805–$855 for 2BR, with the current market positioning described as below Bryant averages of $942 for 1BR and $1,182 for 2BR.
The property is located on approximately 3.81 acres at 1810 Bishop Road in Bryant, AR, with immediate access to I-30 and proximity to Bishop Park and the Alcoa/Reynolds retail corridor.
The unit mix supports an existing rent structure of approximately $735 for 1BR and $805–$855 for 2BR, with the current market positioning described as below Bryant averages of $942 for 1BR and $1,182 for 2BR.
Key Highlights
- 40‑unit garden‑style apartment community on +/- 3.81 acres at 1810 Bishop Road in Bryant, AR
- Unit mix: 16 one‑bedroom flats (+/-646 SF) and 24 two‑bedroom flats (+/-834 SF)
- All‑electric units with central HVAC; tenant‑paid water
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
$260,396
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
6.85%
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%
$5,207,920
$5.2M
Cap Rate 7%
$3,719,943
$3.7M
Cap Rate 9%
$2,893,289
$2.9M
Market Conditions
NOI Build-Up for 30,228 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
$504.2K $16.68/SF
− Vacancy
−$30.8K −$1.02/SF
EGI
$473.4K $15.66/SF
− OpEx
−$213.1K −$7.05/SF
NOI
$260.4K $8.61/SF
Area
Saline County, AR
Vacancy
6.10%
Lease Rate
$16.68 /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%
$5,207,920
Cap Rate 7%
$3,719,943
Cap Rate 9%
$2,893,289
Alternative Uses
Best Use
Apartment 5plus
$3.72M
$3.25M – $4.34M
NOI $260,396 @ 7.0% cap · market cap 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.60M
$5.77M – $7.70M
NOI $461,757 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
40
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
523
Businesses Nearby
Explore this area
Business Placement
Demographics for 72022, AR
18,206
Population
7,353
Households
2.5
Avg Household Size
37
Median Age
39%
College-Educated
94%
High-School Grad
13.6 sq mi
ZIP Area
1,339
Density / Sq Mi
$84,471
Median Household Income
$51,193
Median Earnings
$987
Median Rent
$221,200
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 - Westside Village Apartments offers 40 garden-style units with central HVAC, all-electric service, and on-site laundry.
Where is this apartment building located?
The property is located at 1810 Bishop Road Bryant, AR.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: 40‑unit garden‑style apartment community on +/- 3.81 acres at 1810 Bishop Road in Bryant, AR; Unit mix: 16 one‑bedroom flats (+/-646 SF) and 24 two‑bedroom flats (+/-834 SF); All‑electric units with central HVAC; tenant‑paid water
