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Updated Apartment Building
For Sale
$2,500,000

12 Lumpkin Drive, Batesville, AR 72501

Multi-Family, Traditional, Batesville, AR

Property Size25,000 SF
Lot Size1.31 Acres
Price / SF$100
Days on Market47

Property Features for 12 Lumpkin Drive

General Information

Property type Residential Multi Family
Property subtype Apartment
Parking features Garage
Interior features Washer Connection, Dryer Connection-Electric, Hot Water Heater-Gas, Smoke Detector, Closet - Walk In
Appliances Microwave, Electric Range, Microwave, Electric Range
Subdivision Metes & Bounds
Lot features Level
Directions Heading north on batesville blvd, right on Lumpkin, townhouses will be on the left.
Standard status Active
Size 25,000 SF
Lot size 1.31 Acres

Taxes and HOA fees

Tax Description Pt n1/2 e1/2 l2 nw
Tax Annual Amount 15273
Legal Description Pt n1/2 e1/2 l2 nw

Building Details

Year built 2001
Floors in Building 2
Number of units 25
Flooring type Vinyl, Tile
Roof type Shingle
Architectural style Other
Listing Agency: Cook and Company
Listed By: Scott Cook
Added: Jul 27 Changed: Sep 6 Last Checked: Sep 11 at 2:06PM
MLS# 26030466

Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. 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 25-unit townhouse community encompasses 25,000 square feet on 1.31 acres and was built in 2001. Almost 75% of the townhomes have been remodeled with luxury vinyl plank flooring, updated fixtures, and new paint. Additional property features include vinyl and tile flooring, walk-in closets, gas water heaters, smoke detectors, and electric washer and dryer connections.

The property is located at 12 Lumpkin Drive in Batesville, Arkansas, within Independence County. Garage parking is provided, and the buildings have shingle roofs. Kitchen equipment includes electric ranges and microwaves, supporting the existing residential unit configuration.

Key Highlights

  • 25‑unit townhouse community totaling 25,000 square feet
  • Almost 75% of townhomes remodeled with LVP, fixtures, and paint
  • Situated on 1.31 acres at 12 Lumpkin Drive in Batesville, AR

Property Analytics

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Current Use

pebble creek apts. Hotel & Motel Southern Village Apartments Apartment Building Pebble Creek Apartments Apartment Complex

Suggested Use

Top Pick HVAC Service Plumbing Service Law Firm Pharmacy Big Box & Wholesale Store Furniture & Home Goods

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

25
Residential units

Location Intelligence

Trade Area within ½ mile

115
Businesses Nearby

Demographics for 72501, AR

26,444
Population
11,246
Households
2.4
Avg Household Size
38
Median Age
19%
College-Educated
87%
High-School Grad
304.1 sq mi
ZIP Area
87
Density / Sq Mi
$53,796
Median Household Income
$33,018
Median Earnings
$818
Median Rent
$129,900
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Townhouse community with remodeled interiors, garage parking, and individually connected laundry hookups.
Where is this apartment building located?
The property is located at 12 Lumpkin Drive Batesville, AR.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 25‑unit townhouse community totaling 25,000 square feet; Almost 75% of townhomes remodeled with LVP, fixtures, and paint; Situated on 1.31 acres at 12 Lumpkin Drive in Batesville, AR
More about this property
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