59-Unit Multifamily Portfolio
For Sale
Contact for pricing
1212 Greene St, Paragould, AR 72450
Multifamily portfolio in stable, growing Northeast Arkansas rental market.
Property SizeContact for details
Days on Market168
Property Features for 1212 Greene St
General Information
Standard status
Active
Class
B
Property subtype
Multifamily
Zoning
R3
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$342,813
Building Details
Year Renovated
2020
Buildings
14
Stories
2
Units
59
Listing Agency:
Joe Capital Group
Listed By:
Kyle Robertson · License #TX
Source:
Crexi
Added: Mar 6
Changed: Aug 8
Last Checked: Jul 16 at 3:50AM
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 Joe Capital Group
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
Explore this area
Business Placement
Demographics for 72450, AR
39,945
Population
16,784
Households
2.4
Avg Household Size
38
Median Age
17%
College-Educated
88%
High-School Grad
285.3 sq mi
ZIP Area
140
Density / Sq Mi
$56,390
Median Household Income
$37,008
Median Earnings
$865
Median Rent
$169,100
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 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 $4,850,000.
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.
