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    404 W Matthews Brookland, AR 72417

    For Sale
    $5,990,000

    Traditional, Duplex - Brookland, AR

    Type:Duplex
    Property size:
    29,000 SF
    Lot size:
    4.49 Acres
    Days on Market:
    12
    Last Refresh:
    Dec 5 at 8:06 am

    Property Features for 404 W Matthews

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Property condition
    New Construction
    Standard status
    Active
    Zoning
    R
    Parking
    1
    Parking features
    Garage
    Patio and Porch features
    Patio
    Interior features
    Dryer-stays, Hot Water Heater-electric, Smoke Detector, Breakfast Bar, Fan - Ceiling
    Exterior features
    Patio
    Appliances
    Dishwasher, Garbage Disposer, Microwave, Range, Washer
    Size
    29,000 SF
    Lot size
    4.49 Acres

    Utilities

    Utilities
    Electricity Available, Water Available
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    2024
    Floors in Building
    1
    Number of units
    30
    Flooring type
    Vinyl
    Building materials
    Brick
    Roof type
    Shingle
    Architectural style
    New Traditional

    Halsey Thrasher Harpole Real Estate Group (870) 972-9191

    Listing agent Jon Moore (870) 972-9191

    Listing date Nov 24, 2025

    MLS# 25045997 Listing URL

    Copyright © 2025 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.

    Overview

    Luxury Duplex Apartment Complex

    The Wager Place Apartment Complex, situated on 4.49 acres, features thirty 2-bedroom, 2-bath units distributed across 15 buildings. Constructed approximately one year ago, these luxury duplexes in Brookland, AR, offer a range of amenities and features. The exteriors are constructed with all-brick and 30-year architectural shingles. Interior features include waterproof flooring and all-electric appliances. Each unit is equipped with a washer, dryer, and refrigerator. The property is located less than 5 minutes from the northeast entrance to Jonesboro and less than 10 minutes from the southern entrance of Paragould, offering accessibility to two major economic hubs in Arkansas. Jonesboro, home to Arkansas State University (ASU), is a thriving economic center with top employers including St. Bernards Healthcare, ASU, and NEA Baptist Health System. This property is intended as a low-maintenance investment opportunity.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Clothing Store Hotel & Motel Department Store HVAC Service Daycare Center Barber Shop Bed & Breakfast Buffet

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

    Location Insight

    • Map
    • Local Demand
    City
    Brookland
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.585106
    Latitude
    35.902938

    Nearby Similar for Sale

    • Contact for pricing
      2,520 SF

      Stand-Alone Building in Hilltop Area

      2,500+ SF building on Highway 49 in Brookland, Arkansas.
      5060 Highway 49 N, Brookland, AR 72417
      View Details

    FAQs

    What type of property is this?
    Apartment building - Newer apartment complex near Jonesboro and Paragould, Arkansas.
    Where is this apartment building located?
    The property is located at 404 W Matthews Brookland, AR.
    What is the asking price?
    The asking price for this property is $5,990,000.
    What are key features of this property?
    This property features: - Prime location: Less than 5 minutes from Jonesboro and less than 10 minutes from Paragould, offering easy access to major economic hubs.; - New construction: Built in 2024, ensuring modern amenities and minimal maintenance.; - Luxury duplexes: High-quality construction with all-brick exteriors and 30-year architectural shingles.
    (870) 972-9191
    Request Owner's contact information
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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
    404 W Matthews Brookland, AR 72417
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