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Seven-Unit Apartment Building with Detached Garages
For Sale
$500,000

166 CR 806, Gamaliel, AR 72637

MULTI_FAMILY - Gamaliel, AR

Property Size6,800 SF
Lot Size1.56 Acres
Price / SF$73.53
Days on Market392

Property Features for 166 CR 806

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 11
Bathrooms 9
Full bathrooms 9
Rooms Bathroom 2, Bedroom 5, Bathroom 7, Bedroom 1, Bathroom 9, Bedroom 4, Bathroom 6, Bedroom 10, Bedroom 2, Bedroom 8, Bedroom 9, Bedroom 3, Bathroom 3, Bathroom 8, Bathroom 1, Bedroom 6, Bathroom 5, Bedroom 7, Bedroom 11, Bathroom 4
Appliances Gas Range, Refrigerator-Stays, Gas Range, Refrigerator-Stays
Subdivision Not in List
Lot features Level
Directions Head east on Hwy 62 E, L on Hwy 101 for 3.1 mi, L on CR 806 for 900 ft to Twin Gables #2 on the L. No real estate sign.
Standard status Active
Size 6,800 SF
Lot size 1.56 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description STR:15-20-12
Tax Annual Amount 2643
Legal Description STR:15-20-12

Building Details

Floors in Building 2
Number of units 7
Flooring type Vinyl, Laminate, Tile, Carpet - Partial
Roof type Metal, Shingle
Architectural style Other
Listing Agency: Re/Max Twin Lakes
Listed By: Morgan Sharp
Added: Jul 11, 2025 Changed: Aug 4 Last Checked: Aug 6 at 11:06PM
MLS# 25045909

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.

Twin Gables #2 is a seven-unit apartment building on 1.56 acres m/l, fully leased with long-term tenants. The property includes one house with a detached garage, two duplexes, two additional single structures, and a maintenance garage. Unit mix includes a 3-bedroom/2-bath unit (1,800 SF) and multiple 1- and 2-bedroom units ranging from 750 to 1,100 SF.

The detached garage is 40' x 30', and the maintenance garage is 30' x 25'. The property is all electric with well and septic. Roofing includes metal and shingle, and interior finishes include laminate, tile, vinyl, and partial carpet. Appliances listed include gas range and refrigerator (stays).

With seven individually sized rental units and on-site garage and maintenance space, this property is positioned as immediately income producing while maintaining separate unit configurations across the overall campus.

Key Highlights

  • 7 units on 1.56 acres m/l, fully leased with long‑term tenants
  • Detached garage 40' x 30' plus maintenance garage 30' x 25'
  • Unit sizes include 1,800 SF (3 bed/2 bath) and units at 1,100 SF, 900 SF, and three at 750 SF

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Grocery & Convenience Store Big Box & Wholesale Store Real Estate Agency Restaurant Hotel & Motel

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

7
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

18
Businesses Nearby

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully leased seven-unit multifamily with all-electric service, well and septic, plus detached and maintenance garages.
Where is this apartment building located?
The property is located at 166 CR 806 Gamaliel, AR.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 7 units on 1.56 acres m/l, fully leased with long‑term tenants; Detached garage 40' x 30' plus maintenance garage 30' x 25'; Unit sizes include 1,800 SF (3 bed/2 bath) and units at 1,100 SF, 900 SF, and three at 750 SF
More about this property
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