Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    849 Elm St Waldron, AR 72958

    Under Contract
    For Sale
    $2,450,000

    Apartments - Waldron, AR

    Property size:
    45,855 SF
    Lot size:
    5.00 Acres
    Days on Market:
    485
    Last Refresh:
    Dec 13 at 4:06 am

    Property Features for 849 Elm St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    080-01388-000
    Parking features
    Assigned
    Exterior features
    Log Siding
    Size
    45,855 SF
    Lot size
    5.00 Acres

    Utilities

    Cooling system
    ENERGY STAR Qualified Equipment

    Building Details

    Floors in Building
    2
    Flooring type
    Tile, Tile - Ceramic, Vinyl
    Building materials
    Brick
    Roof type
    Shingle
    Architectural style
    Other

    Harmon Real Estate Company (479) 719-0344

    Listing agent Joshua Harmon (479) 275-3505

    Listing date Aug 16, 2024

    MLS# 1066912 Listing URL

    Copyright © 2025 Western River Valley 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

    77-Unit Multifamily Investment Opportunity

    Winchester Estates and Waldron Inn, a 77-unit multifamily property, presents a value-add investment opportunity. Winchester Estates, located at 849 Elm Street, Waldron, AR, comprises 49 units that have been fully renovated within the last five years. The unit mix includes one, two, and three-bedroom apartments. This community features a playground, a common laundry area, select in-unit storage, an on-site office, and green space. Waldron Inn, a 28-unit, one-story motel conversion, offers potential through capital investment for unit upgrades. Its unit mix consists of studio and one-bedroom apartments. The property has been well-maintained and is suited for a physical value-add program. The property is situated on a 5-acre lot. The combined properties total 45,855 square feet. The community laundry area is currently down, presenting an opportunity to add value to the net operating income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Waldron
    County
    Scott
    State
    Arkansas
    Longitude
    -94.100616
    Latitude
    34.892645

    Nearby Similar for Sale

    • $815,000
      3,304 SF

      Secluded Colonial Farm in Ouachita

      Tranquil 39-acre property with custom-built home and multiple amenities.
      1170 Mount Pleasant Rd, Waldron, AR 72958
      View Details
    • $925,000
      31.00 Acres

      Operating Poultry Farm on 31 Acres

      Operating poultry farm with updated houses and a 10-year contract.
      32814 Highway 28 W, Waldron, AR 72958
      View Details
    • $60,000
      5,801 SF

      Historical Building with Redevelopment Potential

      Three-story historical building in Waldron, AR, with redevelopment potential.
      363 W 6Th St, Waldron, AR 72958
      View Details
    • $2,251,034
      4,337 SF

      McDonald's & Valero Gas Station

      NNN investment with 19 years remaining on the lease.
      42 Sweet Gum Ln, Waldron, AR 72958
      View Details
    • $395,000
      20.60 Acres

      Prime Waldron Retail Land

      20.6 Acres, High Traffic, C-2 Zoning
      1188 6Th St, Waldron, AR 72958
      View Details

    FAQs

    What type of property is this?
    Apartment building - Two apartment complexes with value-add potential in Waldron, Arkansas.
    Where is this apartment building located?
    The property is located at 849 Elm St Waldron, AR.
    What is the asking price?
    The asking price for this property is $2,450,000.
    What are key features of this property?
    This property features: - 77-unit property offers significant upside potential.; - Winchester Estates (49 units) has been completely renovated within the past 5 years.; - Winchester Estates offers a family-friendly community with a playground and ample green space.
    (479) 275-3505
    Request Owner's contact information
    849 Elm St Waldron, AR 72958
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    849 Elm St
    Waldron, AR 72958
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    849 Elm St Waldron, AR 72958
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.