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12-Unit Multifamily Development
For Sale
$3,264,300

93 RAINSONG Street, Farmington, AR 72730

Residential, Farmington, AR

Property Size1,209 SF
Lot Size2.19 Acres
Price / SF$2,700
Days on Market51

Property Features for 93 RAINSONG Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Property condition Under Construction
Parking features Garage, Open
Exterior features ConcreteDriveway
Appliances ElectricWaterHeater
Subdivision GRASSLANDS SUBDIVISION PHASE 2
Lot features Industrial Park, Near Park, Open Lot
Directions From W Martin Luther King Jr. Blvd, head south on Broyles St. Turn right onto Rheas Mill Rd, then left into Grasslands Subdivision. Follow W Rainsong St to the development. Lots are located on the south side of W Rainsong St. Look for signage.
Standard status Active
APN 760-02468-000
Size 1,209 SF
Lot size 2.19 Acres

Taxes and HOA fees

Tax Annual Amount 1351

Utilities

Heating system Electric (Heating)
Cooling system Electric

Building Details

Year built 2026
Floors in Building 1
Number of units 12
Flooring type Vinyl
Building materials Brick
Roof type Shingle
Listing Agency: JB Realty
Listed By: Gunnison Riggins · License #SA00099473
Added: Jul 21 Changed: Sep 8 Last Checked: Sep 9 at 11:06AM
MLS# 1356077

Copyright © 2026 ArkansasONE MLS. 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 multifamily development includes 12 units arranged across six duplex buildings on 2.19 acres. Construction is underway, with completion identified for 2026. Planned features include attached garages, additional open parking, brick exteriors, vinyl flooring, shingle roofing, and electric heating, cooling, and water heating. The property includes concrete driveways and functional layouts with modern finishes.

The development sits adjacent to Farmington High School and provides access to Highway 62. Grocery stores, restaurants, schools, parks, and the University of Arkansas are identified within the surrounding area. Its duplex configuration and multiple residential units create a single multifamily property with a range of on-site parking and building improvements.

Key Highlights

  • 12‑unit multifamily development across six duplex buildings
  • 2.19‑acre property with construction underway
  • 2026 year built

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Building Supply HVAC Service (Bike/Boat/Book/etc) Store Furniture & Home Goods Storage Facility Auto Repair Shop

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

12
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

264
Businesses Nearby

Demographics for 72730, AR

9,624
Population
4,017
Households
2.4
Avg Household Size
36
Median Age
27%
College-Educated
91%
High-School Grad
20.8 sq mi
ZIP Area
463
Density / Sq Mi
$88,780
Median Household Income
$45,652
Median Earnings
$1,225
Median Rent
$244,900
Median Home Value

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?
Multifamily property - Under-construction multifamily property with six duplex buildings, attached garages, modern finishes, and convenient access to schools and services.
Where is this multifamily property located?
The property is located at 93 RAINSONG Street Farmington, AR.
What is the asking price?
The asking price for this property is $3,264,300.
What are key features of this property?
This property features: 12‑unit multifamily development across six duplex buildings; 2.19‑acre property with construction underway; 2026 year built
More about this property
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