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Renovated Apartment Building
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301 Rainy Pass Rd, West Memphis, AR 72301

Recently renovated multifamily property serving the West Memphis submarket with access to downtown Memphis within a short drive.

Property SizeContact for details
Days on Market143

Property Features for 301 Rainy Pass Rd

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 96
Listing Agency: Rore Investment Group
Listed By: Fitzy Barrocas · License #FL
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 7:43AM

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 Rore Investment Group

Investment Insights

Based on property information with market context.

This 96-unit apartment property in the West Memphis submarket has recently undergone renovations. The asset includes multiple residential units and is being offered with assumable debt. The source information also indicates that some units remain to be filled, while additional rental-rate adjustments are contemplated as part of the operating plan.

The property is located in West Memphis, Arkansas, approximately a ten-minute drive from downtown Memphis. Its position within the West Memphis submarket places the apartments near the employment base identified in the offering materials. The property address is 301 Rainy Pass Rd, West Memphis, AR 72301.

Key Highlights

  • 96‑unit apartment property in the West Memphis submarket
  • Recently renovated apartment community
  • Approximately a ten‑minute drive from downtown Memphis

Property Analytics

Current Use

Riverbend Apartments Apartment Complex

Suggested Use

Top Pick Spa & Massage Center Skin Care Clinic Parking Lot & Garage Real Estate Agency Hair Salon Electrical Service

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

96
Residential units

Location Intelligence

Trade Area within ½ mile

891
Businesses Nearby

Demographics for 72301, AR

24,479
Population
11,298
Households
2.2
Avg Household Size
37
Median Age
15%
College-Educated
84%
High-School Grad
29.5 sq mi
ZIP Area
830
Density / Sq Mi
$41,932
Median Household Income
$30,410
Median Earnings
$848
Median Rent
$119,100
Median Home Value

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 - Recently renovated multifamily property serving the West Memphis submarket with access to downtown Memphis within a short drive.
Where is this apartment building located?
The property is located at 301 Rainy Pass Rd West Memphis, AR.
What are key features of this property?
This property features: 96‑unit apartment property in the West Memphis submarket; Recently renovated apartment community; Approximately a ten‑minute drive from downtown Memphis
More about this property
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