5-Unit Apartment
New
For Sale
$175,000
1717 S Olive Street, Pine Bluff, AR 71601
Five efficiency apartments are occupied, with a roof installed in 2025.
Property Size1,736 SF
Price / SF$100.81
Days on Market2
Property Features for 1717 S Olive Street
General Information
Standard status
Active
Size
1,736 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Gross Income
$24,000
Multifamily Units
5
Listing Agency:
Re/Max Platinum
(870) 534-2823
Listed By:
Wes Brown · License #PB00087003
(870) 209-4628
Source:
Arprorealty
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 6 at 2:40AM
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 Re/Max Platinum
Investment Insights
Based on property information with market context.
This 1,736-square-foot apartment property contains five efficiency units, all with tenants in place. A roof replacement completed in 2025 is another documented building improvement.
The property is located at 1717 S Olive Street in Pine Bluff, Arkansas.
The property is located at 1717 S Olive Street in Pine Bluff, Arkansas.
Key Highlights
- Five efficiency apartments, all currently leased
- 1,736 square feet of apartment space
- Roof installed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,335
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$206,700
$206.7K
Cap Rate 7%
$147,643
$147.6K
Cap Rate 9%
$114,833
$114.8K
Market Conditions
NOI Build-Up for 1,736 SF
Gross rent
$20.8K $12.00/SF
− Vacancy
−$2.0K −$1.18/SF
EGI
$18.8K $10.82/SF
− OpEx
−$8.5K −$4.87/SF
NOI
$10.3K $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 Rate 5%
$206,700
Cap Rate 7%
$147,643
Cap Rate 9%
$114,833
Alternative Uses
Best Use
Apartment 5plus
$147.6K
$129.2K – $172.3K
NOI $10,335 @ 7.0% cap · market cap 5.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$445.1K
$389.5K – $519.3K
NOI $31,156 @ 7.0% cap · market cap 17.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
390
Businesses Nearby
Explore this area
Business Placement
Demographics for 71601, AR
13,881
Population
6,573
Households
2.1
Avg Household Size
34
Median Age
15%
College-Educated
86%
High-School Grad
115.4 sq mi
ZIP Area
120
Density / Sq Mi
$36,688
Median Household Income
$23,586
Median Earnings
$802
Median Rent
$67,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Five efficiency apartments are occupied, with a roof installed in 2025.
Where is this apartment building located?
The property is located at 1717 S Olive Street Pine Bluff, AR.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Five efficiency apartments, all currently leased; 1,736 square feet of apartment space; Roof installed in 2025
