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    215-219 Ross Ave West Memphis, AR 72301

    For Sale
    $895,000

    Multi-Family, Apartment Complex - West Memphis, AR

    Type:Multi Family
    Property size:
    18,848 SF
    Lot size:
    0.81 Acres
    Days on Market:
    25
    Last Refresh:
    Dec 7 at 2:06 pm

    Property Features for 215-219 Ross Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    APN
    37302000000
    Size
    18,848 SF
    Lot size
    0.81 Acres

    Utilities

    Cooling system
    None (Cooling)

    Building Details

    Year built
    1950
    Number of units
    16
    Building materials
    Brick
    Architectural style
    Other

    Carter Realty Company (870) 733-1600 [email protected]

    Listing agent Karen Carter (870) 733-1600

    Listing date Nov 13, 2025

    MLS# 43951 Listing URL

    Copyright © 2025 Crittenden County Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    West Memphis Multifamily Investment Opportunity

    This property in West Memphis, Arkansas, presents an investment opportunity featuring two 8-unit buildings, totaling 16 units. Exterior renovations have been initiated, providing a foundation for investors. The interiors are ready for transformation into modern upscale rentals or high-end multifamily housing, catering to the demand for quality units in the area. The property is positioned for a renovation project, offering a combination of location, structure, and opportunity. The property size is 18848 square feet and the lot size is 0.81 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    West Memphis
    County
    Crittenden
    State
    Arkansas
    Longitude
    -90.18833
    Latitude
    35.15628

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    FAQs

    What type of property is this?
    Apartment building - Value-add 16-unit apartment complex ready for renovation in West Memphis.
    Where is this apartment building located?
    The property is located at 215-219 Ross Ave West Memphis, AR.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: - Value-add opportunity with 16 units in two buildings.; - Prime location in West Memphis, Arkansas.; - Exterior renovations already completed.
    (870) 733-1600
    Request Owner's contact information
    215-219 Ross Ave West Memphis, AR 72301
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    West Memphis, AR 72301
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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
    215-219 Ross Ave West Memphis, AR 72301
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