59-Unit Multifamily Portfolio
1212 Greene St, Paragould, AR 72450
Multifamily portfolio in stable, growing Northeast Arkansas rental market.
Type:Multifamily
- Added:
- Mar 6, 2026
- Days on Market:
- 77
- Last Refresh:
- Mar 16 at 1:45 pm
Property Features for 1212 Greene St
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing agent Kyle Robertson License #TX
Listing office Joe Capital Group
Listing date Mar 6, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Joe Capital Group
HighLights
- 59‑unit multifamily portfolio in a stable, growing rental market.
- Value‑add opportunity: create a 60th unit from vacant structure.
- Located in a family‑oriented bedroom community with lower crime rates.
- Strong economic drivers include manufacturing, healthcare, agriculture, and education.
- Limited new multifamily supply supports stable occupancy.
- Convenient 15‑minute drive to Jonesboro and Arkansas State University.
Overview
This offering presents a rare opportunity to acquire a 59-unit multifamily portfolio in Paragould, Arkansas. The portfolio comprises 58 residential units and 1 commercial unit distributed across multiple buildings. Additionally, there is a vacant structure with the potential for conversion into a 60th unit. The portfolio includes a 4-plex, 16-plex, 18-plex, and 20-plex, along with the commercial unit and the vacant structure, formerly a laundry building, suitable for rehabilitation into a residential unit or income-producing amenity. All properties are situated within Paragould, a family-oriented community in Greene County. Paragould is located just north of Jonesboro, Arkansas, and is considered a bedroom community for Jonesboro commuters, healthcare workers, and university staff. The city has a population of approximately 30,000 residents and has experienced consistent population increases since 1970. Key economic drivers include manufacturing, healthcare, agriculture, and education, anchored by Arkansas State University. The area benefits from limited new multifamily supply combined with continued regional job growth, supporting stable occupancy. Lower crime rates compared to similarly sized regional cities contribute to strong tenant retention and workforce housing demand. The location offers convenient access to US-49 and regional employers.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Paragould
- County
- Greene
- State
- Arkansas
- Longitude
- -90.5641
- Latitude
- 36.0612
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Multifamily portfolio in stable, growing Northeast Arkansas rental market.
Where is this apartment building located?
The property is located at 1212 Greene St Paragould, AR.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 59‑unit multifamily portfolio in a stable, growing rental market.; Value‑add opportunity: create a 60th unit from vacant structure.; Located in a family‑oriented bedroom community with lower crime rates.
