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Apartment Building with New Roofs

0 Hwy 10 & Carr, Magazine, AR 72943

For Sale
$669,000

Multifamily, Magazine, AR

Property Size7,411 SF
Lot Size0.75 Acres
Price / SF$90.27
Days on Market1322

Property Features for 0 Hwy 10 & Carr

General Information

Property type Residential Multi Family
Property subtype Apartment
Bedrooms 12
Rooms Bedroom 1, Bedroom 7, Bedroom 9, Bedroom 5, Bedroom 12, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 8, Bedroom 10, Bedroom 11, Bedroom 6
Subdivision Magazine C O & M
Lot features Corner, Level
Elementary school Magazine
Middle school Mt. Magazine
High school Mt. Magazine
Elementary school district Magazine
Middle school district Magazine
High school district Magazine
Directions At the corner of Hwy 10 and Carr Street just west of elementary school.
Standard status Active
APN 120-00259-000
Size 7,411 SF
Lot size 0.75 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Description 24 PT 16' ALLEY
Tax Annual Amount 4746
Legal Description 24 PT 16' ALLEY

Utilities

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

Building Details

Year built 1982
Floors in Building 1
Number of units 10
Flooring type Carpet, Vinyl
Roof type Shingle
Listing Agency: Carolan Real Estate
Listed By: Bobby Carolan · License #PB00008663
Added: Mar 27, 2023 Changed: Oct 27 Last Checked: Nov 7 at 11:06AM
MLS# 1064052

Copyright © 2026 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.

Rey
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Investment Insights

Based on property information with market context.

This 10-unit apartment property in Magazine, Arkansas, contains 7,411 square feet on 0.75 acres. The unit mix includes eight one-bedroom apartments and two two-bedroom apartments. Built in 1982, the buildings feature vinyl and carpet flooring, central electric heating, central air conditioning, and shingle roofs. New roofs were installed on all buildings in '25.

The property is located at 0 Hwy 10 & Carr in Magazine, within Logan County. Its established configuration and documented unit mix provide a clear overview of the residential improvements, while the HUD Section 8 designation identifies the existing housing program associated with the complex.

Key Highlights

  • 10‑unit HUD Section 8 apartment complex
  • Unit mix includes 8 one‑bedroom units and 2 two‑bedroom units
  • 7,411 square feet on 0.75 acres

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

10
Residential units

Location Intelligence

Trade Area within ½ mile

4
Businesses Nearby

Demographics for 72943, AR

2,526
Population
1,133
Households
2.2
Avg Household Size
43
Median Age
13%
College-Educated
88%
High-School Grad
101.3 sq mi
ZIP Area
25
Density / Sq Mi
$56,000
Median Household Income
$35,434
Median Earnings
$793
Median Rent
$153,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - HUD Section 8 apartment community with one- and two-bedroom layouts.
Where is this apartment building located?
The property is located at 0 Hwy 10 & Carr Magazine, AR.
What is the asking price?
The asking price for this property is $669,000.
What are key features of this property?
This property features: 10‑unit HUD Section 8 apartment complex; Unit mix includes 8 one‑bedroom units and 2 two‑bedroom units; 7,411 square feet on 0.75 acres
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