Building Details

Buildings 5

Listing Agency: iRealty Arkansas

Listed By: Alexia Frederick · License #AR SA00090153

Source: Crexi

Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 11:22PM

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Investment Insights

Based on property information with market context.

This apartment property includes 20 units distributed across five separate buildings. The existing configuration provides a multi-building multifamily asset with occupancy reported as almost complete. Located in Sheridan, Arkansas, the property is identified at 1000 N Red St.

Key Highlights

• 20‑unit multifamily property
• Five separate apartment buildings
• Almost completely occupied

Property Analytics

Property Profile

Current Use

Magnolia Heights Apartment Complex

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Electrical Service Garden Center (Bike/Boat/Book/etc) Store Carpet & Flooring 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

20

Residential units

Location Intelligence

Trade Area within ½ mile

180

Businesses Nearby

Explore this area Business Placement

Demographics for 72150, AR

12,218

Population

5,359

Households

2.3

Avg Household Size

41

Median Age

23%

College-Educated

90%

High-School Grad

293.5 sq mi

ZIP Area

42

Density / Sq Mi

$75,342

Median Household Income

$45,316

Median Earnings

$781

Median Rent

$176,900

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Multifamily property comprising five separate buildings with near-full occupancy.

Where is this apartment building located?

The property is located at 1000 N Red St Sheridan, AR.

What are key features of this property?

This property features: 20‑unit multifamily property; Five separate apartment buildings; Almost completely occupied