Eight-Unit Apartment
For Sale
$460,000
1117 Ozier St, Van Buren, AR 72956
Multifamily property with a documented mix of one- and two-bedroom apartments.
Property Size4,964 SF
Price / SF$92.67
Days on Market50
Property Features for 1117 Ozier St
General Information
Standard status
Active
Size
4,964 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR/1BA, 4 x 1BR/1BA
Multifamily Units
8
Additional Details
Asking Price
$460,000
Building Details
Year Built
2009
Listing Agency:
Homeward Realty
Listed By:
Patriot Company Real Estate
(479) 439-1933
Source:
Patriotcompany
Added: Sep 7
Changed: Oct 26
Last Checked: Oct 26 at 3:18PM
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 Homeward Realty
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Investment Insights
Based on property information with market context.
This apartment property at 1117 Ozier St in Van Buren, Arkansas, contains 4,964 square feet and was built in 2009. The documented unit mix includes four two-bedroom, one-bath apartments and four additional one-bedroom apartments, creating an eight-apartment configuration.
The property is located in Crawford County and offers an established multifamily layout suited to residential rental use.
The property is located in Crawford County and offers an established multifamily layout suited to residential rental use.
Key Highlights
- Eight‑apartment configuration with four two‑bedroom units and four one‑bedroom units
- Four documented two‑bedroom apartments, each with one bathroom
- 4,964 square feet of building area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,535
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,700
$610.7K
Cap Rate 7%
$436,214
$436.2K
Cap Rate 9%
$339,278
$339.3K
Market Conditions
NOI Build-Up for 4,964 SF
Gross rent
$59.6K $12.00/SF
− Vacancy
−$4.1K −$0.82/SF
EGI
$55.5K $11.18/SF
− OpEx
−$25.0K −$5.03/SF
NOI
$30.5K $6.15/SF
Area
Crawford County, AR
Vacancy
6.80%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,700
Cap Rate 7%
$436,214
Cap Rate 9%
$339,278
Alternative Uses
Best Use
Apartment 5plus
$436.2K
$381.7K – $508.9K
NOI $30,535 @ 7.0% cap · market cap 6.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$951.7K
$832.8K – $1.11M
NOI $66,621 @ 7.0% cap · market cap 14.48%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
668
Businesses Nearby
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Business Placement
Demographics for 72956, AR
33,870
Population
14,119
Households
2.4
Avg Household Size
39
Median Age
19%
College-Educated
87%
High-School Grad
103.8 sq mi
ZIP Area
326
Density / Sq Mi
$60,387
Median Household Income
$33,894
Median Earnings
$825
Median Rent
$177,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with a documented mix of one- and two-bedroom apartments.
Where is this apartment building located?
The property is located at 1117 Ozier St Van Buren, AR.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Eight‑apartment configuration with four two‑bedroom units and four one‑bedroom units; Four documented two‑bedroom apartments, each with one bathroom; 4,964 square feet of building area
