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16-Unit Apartment Complex
New
For Sale
$229,900

1304 E Broadway St, Forrest City, AR 72335

Two residential buildings contain units with two bedrooms and one bathroom each.

Property Size12,760 SF
Price / SF$18.02
Days on Market2

Property Features for 1304 E Broadway St

General Information

Standard status Active
Size 12,760 SF
Property subtype Multi-Family

Property Condition

Severity Major Repairs Needed
Evidence requires substantial rehabilitation

Units

Unit Mix 16 x 2BR/1BA
Multifamily Units 16

Building Details

Year Built 1979
Buildings 2
Listing Agency: Crye-Leike Realtors Bryant
Listed By: Amber Wood
Source: Midsouthar
Added: Oct 12 Changed: Oct 13 Last Checked: Oct 12 at 5:18PM

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 Crye-Leike Realtors Bryant

Investment Insights

Based on property information with market context.

This 16-unit apartment property comprises two buildings totaling 12,760 square feet. Each apartment has two bedrooms and one bathroom. The interiors have been gutted, and the property requires substantial rehabilitation; it is offered as-is. The roof was recently replaced. Built in 1979, the complex presents a renovation project with the existing unit configuration in place.

Key Highlights

  • 16 apartments across two buildings
  • 12,760 square feet total
  • Each unit has 2 bedrooms and 1 bathroom

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency HVAC Service Big Box & Wholesale Store Bakery (Bike/Boat/Book/etc) Store Barber Shop

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

16
Residential units

Location Intelligence

Trade Area within ½ mile

318
Businesses Nearby

Demographics for 72335, AR

16,624
Population
6,513
Households
2.6
Avg Household Size
41
Median Age
14%
College-Educated
86%
High-School Grad
159.0 sq mi
ZIP Area
105
Density / Sq Mi
$39,045
Median Household Income
$28,673
Median Earnings
$814
Median Rent
$92,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Two residential buildings contain units with two bedrooms and one bathroom each.
Where is this apartment building located?
The property is located at 1304 E Broadway St Forrest City, AR.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: 16 apartments across two buildings; 12,760 square feet total; Each unit has 2 bedrooms and 1 bathroom
More about this property
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