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    709 Melody Ln Searcy, AR 72143

    For Sale
    $1,740,000

    Apartments, Traditional - Searcy, AR

    Property size:
    21,738 SF
    Lot size:
    8.31 Acres
    Days on Market:
    179
    Last Refresh:
    Dec 15 at 8:06 am

    Property Features for 709 Melody Ln

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Multi
    Appliances
    Dishwasher, Microwave, Washer
    Size
    21,738 SF
    Lot size
    8.31 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1975
    Floors in Building
    2
    Number of units
    24
    Flooring type
    Carpet, Carpet - Partial, Vinyl
    Building materials
    Brick
    Roof type
    Shingle
    Architectural style
    New Traditional

    Brick Real Estate (501) 497-3822

    Listing agent Benton Glass (501) 497-3822

    Listing date Jun 20, 2025

    MLS# 25024436 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

    24-Unit Apartment Complex on 8.31 Acres

    This 24-unit apartment complex is situated on an 8.31-acre lot on Melody Lane in Searcy, Arkansas. The property includes multiple buildings that have received new roofs, exterior paint, and new windows. Interior renovations vary across the units, with many featuring new countertops, floors, cabinets, fixtures, and appliances. The complex offers a mix of stabilized income with opportunities for further value addition and revenue enhancement. The property's expansive lot provides tenants with ample green space. The total living area of all units is 21,738 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Searcy
    County
    White
    State
    Arkansas
    Longitude
    -91.718289
    Latitude
    35.254329

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    FAQs

    What type of property is this?
    Apartment building - 24-unit apartment complex on 8.31 acres in Searcy, Arkansas.
    Where is this apartment building located?
    The property is located at 709 Melody Ln Searcy, AR.
    What is the asking price?
    The asking price for this property is $1,740,000.
    What are key features of this property?
    This property features: - Turnkey income and stabilization potential with value-add opportunities to increase revenue.; - New roofs, exterior paint, and new windows across all 24 units.; - Located on a large 8.31-acre lot providing ample green space for tenants.
    (501) 497-3822
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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
    709 Melody Ln Searcy, AR 72143
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