Seven-Duplex Apartment
For Sale
$2,400,000
533 Grand Avenue, Haskell, AR 72015
Multi-Family, Traditional, Townhouse, Haskell, AR
Property Size16,576 SF
Lot Size1.47 Acres
Price / SF$144.79
Days on Market12
Property Features for 533 Grand Avenue
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Patio and Porch features
Patio, Porch
Interior features
Washer Connection, Dryer Connection-Electric, Hot Water Heater-Electric, Smoke Detector, Fan - Ceiling, Window Treatments
Exterior features
Dumpster, Patio, Porch
Appliances
Free-Standing Stove, Microwave, Electric Range, Dishwasher, Disposal, Pantry, Refrigerator-Stays, Ice Maker Connection, Free-Standing Stove, Microwave, Electric Range, Dishwasher, Disposal, Pantry, Refrigerator-Stays, Ice Maker Connection
Subdivision
Metes & Bounds
Lot features
Level, Cleared, Will Subdivide
Elementary school
Harmony Grove
Middle school
Harmony Grove
High school
Harmony Grove
Directions
From Little Rock, take 30 W to Exit 114 Haskell. Turn E towards town. When the road Ys, turn L onto AR-229. A mile and a half down, i past the school, Grand is on your Left. Turn onto Grand and 533 will be to your right. Do Not Disturb tenants.
Standard status
Active
Size
16,576 SF
Lot size
1.47 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Metes & bounds
Tax Annual Amount
19793
Legal Description
Metes & bounds
Building Details
Year built
2020
Floors in Building
2
Number of units
14
Flooring type
Tile, Carpet - Partial, Vinyl
Roof type
Shingle
Architectural style
Other
Listing Agency:
Fathom Realty Central
(888) 455-6040
Listed By:
Miekka Maile
(501) 941-8830
Added: Sep 3
Changed: Sep 12
Last Checked: Sep 14 at 9:06AM
MLS# 26036028
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 apartment property comprises seven brick duplexes situated across three parcels, with 16,576 square feet of total property size on 1.47 acres. Each residence includes three bedrooms, one full bathroom, and one-half bathroom. The layouts place living areas and laundry connections on the ground level, with all bedrooms and the shared full bathroom upstairs. Patios and porches add outdoor space, while interiors include tile, vinyl, and partial carpet flooring along with electric appliances and ceiling fans.
The property is located at 533 Grand Avenue in Haskell, Saline County, Arkansas. Occupancy is reported as full, with residents responsible for utilities other than trash. Additional physical features include shingle roofing, electric water heaters, smoke detectors, window treatments, and on-site dumpster service.
The property is located at 533 Grand Avenue in Haskell, Saline County, Arkansas. Occupancy is reported as full, with residents responsible for utilities other than trash. Additional physical features include shingle roofing, electric water heaters, smoke detectors, window treatments, and on-site dumpster service.
Key Highlights
- Seven brick duplexes across three parcels
- 16,576 square feet on 1.47 acres
- Each residence offers 3 bedrooms, 1 full bath, and 1 half bath
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
$142,792
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
5.95%
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%
$2,855,840
$2.9M
Cap Rate 7%
$2,039,886
$2.0M
Cap Rate 9%
$1,586,578
$1.6M
Market Conditions
NOI Build-Up for 16,576 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
$276.5K $16.68/SF
− Vacancy
−$16.9K −$1.02/SF
EGI
$259.6K $15.66/SF
− OpEx
−$116.8K −$7.05/SF
NOI
$142.8K $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%
$2,855,840
Cap Rate 7%
$2,039,886
Cap Rate 9%
$1,586,578
Alternative Uses
Best Use
Apartment 5plus
$2.04M
$1.78M – $2.38M
NOI $142,792 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.62M
$3.17M – $4.22M
NOI $253,212 @ 7.0% cap · market cap 10.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
Explore this area
Business Placement
Demographics for 72015, AR
28,597
Population
12,148
Households
2.4
Avg Household Size
37
Median Age
22%
College-Educated
92%
High-School Grad
85.0 sq mi
ZIP Area
336
Density / Sq Mi
$64,550
Median Household Income
$44,219
Median Earnings
$1,013
Median Rent
$169,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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 - Brick duplex residences provide three-bedroom layouts, shared full baths, half baths, and laundry connections.
Where is this apartment building located?
The property is located at 533 Grand Avenue Haskell, AR.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Seven brick duplexes across three parcels; 16,576 square feet on 1.47 acres; Each residence offers 3 bedrooms, 1 full bath, and 1 half bath
