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

1304 E Broadway Street, Forrest City, AR 72335

Multi-Family, Traditional, Forrest City, AR

Property Size12,760 SF
Lot Size1.00 Acre
Price / SF$18.02
Days on Market3

Property Features for 1304 E Broadway Street

General Information

Property type Residential Multi Family
Property subtype Apartment
Bedrooms 2
Rooms Bedroom 2, Bedroom 1
Subdivision Original Town
Lot features Level
Directions I 40 E Take Exit 239 For AR 1 To Marianna Follow Gps To Complex
Standard status Active
APN 0700-00755-0000
Size 12,760 SF
Lot size 1.00 Acre

Taxes and HOA fees

Tax Year 2025
Tax Description Lot 30, Block 76
Tax Annual Amount 644
Legal Description Lot 30, Block 76

Building Details

Year built 1979
Floors in Building 2
Number of units 16
Roof type Composition
Architectural style Other
Listing Agency: Compass Rose Realty
Listed By: Raychel Day
Added: Oct 10 Changed: Oct 11 Last Checked: Oct 12 at 5:06AM
MLS# 26041203

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.

The 16-unit apartment property comprises two buildings totaling 12,760 square feet. Each residence has two bedrooms and one bathroom. Interior finishes have been removed, and the property requires substantial rehabilitation; it is being sold as-is. The composition roof has been replaced.

Situated on 1 acre at 1304 E Broadway Street in Forrest City, Arkansas, the property was built in 1979.

Key Highlights

  • 16 apartments across two buildings
  • 12,760 square feet on 1 acre
  • 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
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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 - Two-bedroom residences across two buildings require substantial rehabilitation and are offered in as-is condition.
Where is this apartment building located?
The property is located at 1304 E Broadway Street 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 on 1 acre; Each unit has 2 bedrooms and 1 bathroom
More about this property
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