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23-Unit Apartment Building
For Sale
$988,500

807 W Kingshighway, Paragould, AR 72450

Commercial / Industrial, Traditional, Paragould, AR

Property Size8,424 SF
Lot Size0.50 Acres
Price / SF$117.34
Days on Market145

Property Features for 807 W Kingshighway

General Information

Property type Commercial Sale
Property subtype Other
Lot features Sloped
Directions 807 W Kingshighway, Paragould, AR 72450
Subdivision PARAGOULD (NORTHEAST)
Standard status Active
Size 8,424 SF
Lot size 0.50 Acres

Taxes and HOA fees

Tax Description 3 EXC E5' & ALL 4 Block 11
Tax Annual Amount 2142
Legal Description 3 EXC E5' & ALL 4 Block 11

Building Details

Year built 1982
Floors in Building 2
Flooring type Vinyl, Carpet - Partial
Roof type Metal, Composition
Architectural style Other
Listing Agency: Amigos Realty, LLC
Listed By: Bacilio Hernandez
Added: May 5 Changed: Sep 15 Last Checked: Sep 26 at 2:06PM
MLS# 26017983

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 contains 23 units within an 8,424-square-foot building on 0.5 acres. Built in 1982, the improvements feature vinyl flooring, partial carpet, and a combination of metal and composition roofing.

The property is located at 807 W Kingshighway in Paragould, across from the hospital. C-2 zoning is in place, and the site is currently operating as a multi-residential apartment complex. The combination of an established residential configuration, substantial building area, and commercial zoning provides a range of documented property characteristics for review.

Key Highlights

  • 23 units in an operating multi‑residential apartment complex
  • 8,424 square feet of building area on 0.5 acres
  • C‑2 zoning

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Skin Care Clinic Kitchen & Bath Showroom Computer & Electronic Repair HVAC Service Locksmith Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

23
Residential units

Location Intelligence

Trade Area within ½ mile

870
Businesses Nearby

Demographics for 72450, AR

39,945
Population
16,784
Households
2.4
Avg Household Size
38
Median Age
17%
College-Educated
88%
High-School Grad
285.3 sq mi
ZIP Area
140
Density / Sq Mi
$56,390
Median Household Income
$37,008
Median Earnings
$865
Median Rent
$169,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Existing residential improvements include vinyl flooring, partial carpet, and metal and composition roofing.
Where is this apartment building located?
The property is located at 807 W Kingshighway Paragould, AR.
What is the asking price?
The asking price for this property is $988,500.
What are key features of this property?
This property features: 23 units in an operating multi‑residential apartment complex; 8,424 square feet of building area on 0.5 acres; C‑2 zoning
More about this property
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