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Apartment Building Value-Add Opportunity
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403 E 3rd St, Hope, AR 71801

Value-add apartment building with 27 units, 10 currently rented and the remainder boarded up.

Property SizeContact for details
Days on Market123

Property Features for 403 E 3rd St

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 27
Listing Agency: Keller Williams Realty
Listed By: Cassie Wells · License #AR EB00047984
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 22 at 8:51PM

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 Keller Williams Realty

Investment Insights

Based on property information with market context.

This value-add apartment building includes 27 total units. According to the information provided, 10 units are currently rented, while the remaining units are boarded up.

The property is listed for sale and located at 403 E 3rd St in Hope, AR 71801.

While details on unit mix, condition, or renovations are not provided, the current occupancy profile suggests a significant portion of the building is not in active rental condition, offering a re-lease and rehabilitation opportunity for the right buyer.

Key Highlights

  • Value‑add apartment building with 27 total units
  • 10 units are currently rented; the remaining units are boarded up
  • Short‑term owner financing might be available

Property Analytics

Current Use

Mary's Salon De ... Hair Salon Ant House Furniture Furniture & Home Goods Exclusive Cuts Barber Shop Breckenridge apartments Apartment Complex Tr1LL Astate Financial Advisor

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply HVAC Service Storage Facility Parking Lot & Garage

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

27
Residential units

Location Intelligence

Trade Area within ½ mile

475
Businesses Nearby

Demographics for 71801, AR

14,991
Population
6,900
Households
2.2
Avg Household Size
39
Median Age
14%
College-Educated
82%
High-School Grad
297.7 sq mi
ZIP Area
50
Density / Sq Mi
$47,723
Median Household Income
$37,035
Median Earnings
$775
Median Rent
$98,200
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Value-add apartment building with 27 units, 10 currently rented and the remainder boarded up.
Where is this multifamily property located?
The property is located at 403 E 3rd St Hope, AR.
What are key features of this property?
This property features: Value‑add apartment building with 27 total units; 10 units are currently rented; the remaining units are boarded up; Short‑term owner financing might be available
(501) 993-1973 Call to check price and availability
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