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Controlled-Access Apartment Community
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401 W 24th St, Fayetteville, AR 72701

Community amenities include a clubhouse, laundry facilities, playground, and on-site property management.

Property Size19,400 SF
Days on Market45

Property Features for 401 W 24th St

General Information

Standard status Active
Size 19,400 SF
Property subtype Multifamily

Amenities

24-hour controlled access
clubhouse
laundry facilities
playground
on-site property management
smoke detectors
air conditioning
ceiling fans
tile floors and carpet
heating
cable readiness
dishwasher
refrigerator
oven/range
disposal

Building Details

Building Size 19,400 SF
Year Built 1974
Units 129
Listing Agency:
Listed By: Andrew Mulhall
Source: Svn
Added: Jul 19 Changed: Aug 30 Last Checked: Aug 31 at 1:36PM

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 Andrew Mulhall

Investment Insights

Based on property information with market context.

Built in 1974, this apartment community offers controlled entry, a clubhouse, laundry facilities, a playground, on-site property management, and smoke detectors. Apartment interiors include air conditioning, ceiling fans, tile and carpet flooring, heating, cable readiness, and full kitchens equipped with dishwashers, refrigerators, oven/ranges, and disposals.

The property is immediately eligible to submit a Qualified Contract and enter a 3-year decontrol period under the LIHTC program. The stated transition plan allows for 100% unrestricted market-rate operations following the decontrol period, with turnover identified as the point for introducing market-rate tenants.

Key Highlights

  • Immediate eligibility to submit a Qualified Contract and enter a 3‑year LIHTC decontrol period
  • Transition plan supports 100% unrestricted market‑rate operations after decontrol
  • Controlled access, clubhouse, laundry facilities, playground, and on‑site property management

Property Analytics

Current Use

OZARK CIRQUE LLC Theater & Performing Art Venue Alicia's Mobile Car ... Car Wash

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store Real Estate Agency (Bike/Boat/Book/etc) Store HVAC Service Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

186
Businesses Nearby

Demographics for 72701, AR

48,269
Population
20,057
Households
2.4
Avg Household Size
28
Median Age
42%
College-Educated
93%
High-School Grad
126.0 sq mi
ZIP Area
383
Density / Sq Mi
$50,413
Median Household Income
$27,305
Median Earnings
$973
Median Rent
$323,900
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 - Community amenities include a clubhouse, laundry facilities, playground, and on-site property management.
Where is this apartment building located?
The property is located at 401 W 24th St Fayetteville, AR.
What are key features of this property?
This property features: Immediate eligibility to submit a Qualified Contract and enter a 3‑year LIHTC decontrol period; Transition plan supports 100% unrestricted market‑rate operations after decontrol; Controlled access, clubhouse, laundry facilities, playground, and on‑site property management
More about this property
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