14-Unit Apartment
For Sale
$709,900
1600 N Lane Street, Pine Bluff, AR 71602
Multi-Family, Traditional, Pine Bluff, AR
Property Size3,888 SF
Lot Size0.55 Acres
Price / SF$182.59
Days on Market142
Property Features for 1600 N Lane Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Appliances
Free-Standing Stove, Free-Standing Stove
Subdivision
College Heights
Lot features
Level
Directions
From I-530, take exit 35 towards downtown. Go 1.7 miles to left on Bryant St. Go to Wormack Ave and take a right. Go to Lane st and take a left. Property on the corner of Lane and Wormack
Standard status
Active
Size
3,888 SF
Lot size
0.55 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
See attached exhibit A
Tax Annual Amount
1800
Legal Description
See attached exhibit A
Building Details
Year built
1981
Floors in Building
1
Number of units
14
Flooring type
Vinyl, Carpet - Partial
Roof type
Composition
Architectural style
Other
Listing Agency:
Danali Real Estate
(501) 223-2737
Listed By:
Jeffrey Johnston
(501) 690-7448
Added: May 15
Changed: Oct 1
Last Checked: Oct 3 at 7:06AM
MLS# 26019820
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.
This apartment property includes 14 units within 3,888 square feet on a 0.55-acre parcel. Built in 1981, the building features a combination of carpet and vinyl flooring, free-standing stoves, and a composition roof.
Located in Pine Bluff, Arkansas, the property is identified by the address 1600 N Lane Street. Its established construction and apartment configuration provide a clear physical profile for evaluation by multifamily buyers.
Located in Pine Bluff, Arkansas, the property is identified by the address 1600 N Lane Street. Its established construction and apartment configuration provide a clear physical profile for evaluation by multifamily buyers.
Key Highlights
- 14‑unit apartment property
- 3,888 square feet of property size
- 0.55‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,146
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$462,920
$462.9K
Cap Rate 7%
$330,657
$330.7K
Cap Rate 9%
$257,178
$257.2K
Market Conditions
NOI Build-Up for 3,888 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$46.7K $12.00/SF
− Vacancy
−$4.6K −$1.18/SF
EGI
$42.1K $10.82/SF
− OpEx
−$18.9K −$4.87/SF
NOI
$23.1K $5.95/SF
Area
Jefferson County, AR
Vacancy
9.80%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$462,920
Cap Rate 7%
$330,657
Cap Rate 9%
$257,178
Alternative Uses
Best Use
Apartment 5plus
$330.7K
$289.3K – $385.8K
NOI $23,146 @ 7.0% cap · market cap 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$996.8K
$872.2K – $1.16M
NOI $69,777 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
14
Residential units
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
Explore this area
Business Placement
Demographics for 71602, AR
16,112
Population
7,489
Households
2.2
Avg Household Size
41
Median Age
23%
College-Educated
89%
High-School Grad
131.0 sq mi
ZIP Area
123
Density / Sq Mi
$54,936
Median Household Income
$35,644
Median Earnings
$900
Median Rent
$135,800
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment property with carpet and vinyl flooring, free-standing stoves, and a composition roof.
Where is this apartment building located?
The property is located at 1600 N Lane Street Pine Bluff, AR.
What is the asking price?
The asking price for this property is $709,900.
What are key features of this property?
This property features: 14‑unit apartment property; 3,888 square feet of property size; 0.55‑acre parcel
