Modern 164-Unit Apartment
New
For Sale
$16,000,000
1072 2nd Avenue walnut, Walnut Ridge, AR 72476
Multifamily communities in Walnut Ridge were developed between 2020 and 2023 with access to regional employment and transportation corridors.
Property Size163,700 SF
Days on Market2
Property Features for 1072 2nd Avenue walnut
General Information
Standard status
Active
Size
163,700 SF
Class
Class A
Property subtype
Multifamily
Occupancy
96%
Additional Details
Highway Access
Yes
Multifamily Units
164
Amenities
Control more than 50% of Walnut Ridge's apartment inventory, providing significant pricing power, operational efficiencies, and economies of scale.
Implement a washer and dryer leasing program across 164 units at a $50 monthly premium, creating more than $1.6 million in potential property value at a 6.0% cap rate.
Modern 2020–2023 construction in a supply-constrained market supported by healthcare, higher education, aviation, manufacturing, and expanding regional infrastructure.
Building Details
Building Size
163,700 SF
Units
164
Listing Agency:
Dallas Office
(972) 755-5194
Listed By:
John McGregor · License #License(s): TX: 646474
(972) 755-5194
Source:
Marcusmillichap
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 20 at 10:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dallas Office
Investment Insights
Based on property information with market context.
This 164-unit apartment portfolio in Walnut Ridge, Arkansas, includes communities constructed from 2020 through 2023. The properties comprise modern multifamily housing and represent more than 50% of the city’s apartment inventory, providing a substantial presence within the local rental market.
Regional access includes U.S. Highways 63 and 67, along with the future Interstate 57 corridor. The surrounding employment base includes Lawrence Memorial Hospital, Williams Baptist University, and aviation and manufacturing operations associated with Walnut Ridge Regional Airport.
Regional access includes U.S. Highways 63 and 67, along with the future Interstate 57 corridor. The surrounding employment base includes Lawrence Memorial Hospital, Williams Baptist University, and aviation and manufacturing operations associated with Walnut Ridge Regional Airport.
Key Highlights
- 164‑unit multifamily portfolio in Walnut Ridge, Arkansas
- Communities constructed between 2020 and 2023
- Represents more than 50% of Walnut Ridge’s apartment inventory
Property Analytics
Current Use
Lease Details
164
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
441
Businesses Nearby
Explore this area
Business Placement
Demographics for 72476, AR
7,065
Population
3,306
Households
2.1
Avg Household Size
40
Median Age
18%
College-Educated
79%
High-School Grad
222.9 sq mi
ZIP Area
32
Density / Sq Mi
$43,034
Median Household Income
$32,431
Median Earnings
$734
Median Rent
$92,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily communities in Walnut Ridge were developed between 2020 and 2023 with access to regional employment and transportation corridors.
Where is this apartment building located?
The property is located at 1072 2nd Avenue walnut Walnut Ridge, AR.
What is the asking price?
The asking price for this property is $16,000,000.
What are key features of this property?
This property features: 164‑unit multifamily portfolio in Walnut Ridge, Arkansas; Communities constructed between 2020 and 2023; Represents more than 50% of Walnut Ridge’s apartment inventory
