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    Five-Unit Efficiency Apartment Complex Title is generated by Realmo AI

    1717 S Olive Street, Pine Bluff, AR 71601

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    Claim this Listing
    New
    For Sale
    $175,000

    MULTI_FAMILY - Pine Bluff, AR

    Type:Apartment
    Property size:
    1,736 SF
    Lot size:
    0.24 Acres
    Price / SF:
    $100/SF
    Added:
    Jun 30, 2026
    Days on Market:
    7
    Last Refresh:
    Jul 6 at 1:06 am

    Property Features for 1717 S Olive Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Appliances
    Free-Standing Stove, Refrigerator-Stays, Free-Standing Stove, Refrigerator-Stays
    Standard status
    Active
    APN
    930-23565-000
    Size
    1,736 SF
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    BLK 4, S 1/2 3 & S 5 FT OF N 1
    Tax Annual Amount
    1613

    Building Details

    Year built
    1981
    Floors in Building
    1
    Number of units
    5
    Flooring type
    Vinyl
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Contact an agent
    Wes Brown
    Wes Brown

    Listing agent Wes Brown License #PB00087003

    Listing office Re/Max Platinum 3907 Camden Road Suite 1, Pine Bluff, AR

    Listing date Jun 30, 2026

    MLS# 26026308 Listing URL

    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.

    HighLights

    • 5‑unit efficiency apartment complex with all five units currently leased
    • Approx. $2,000/month rental income reported with a strong rental history
    • New roof installed in 2025
    • Year built: 1981
    • Units include a free‑standing stove and refrigerator (both reported to stay)
    • Vinyl flooring and shingle roof

    Overview

    This five-unit efficiency apartment complex is offered for sale as a well-maintained rental property. The building consists of five efficiency units that are currently leased, with approximately $2,000 per month in rental income reported in the listing. A new roof was installed in 2025, which may help reduce near-term capital needs and supports continued upkeep of the exterior.

    Located at 1717 S Olive Street in Pine Bluff, Arkansas (Jefferson County), the property is described as having convenient access to shopping, dining, and major thoroughfares. The lot size is listed at 0.24 acres, with the building size reported as 1,736 square feet.

    For investors or owner-operators seeking a smaller multifamily asset, this configuration of efficiency units can appeal to buyers looking for an income-producing property with tenants in place. Additional financial information is available to qualified buyers, and agents are directed to the remarks for further details.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $20.8k $12.00
    − Vacancy −$2.0k −$1.18
    EGI $18.8k $10.82
    − OpEx −$8.5k −$4.87
    NOI $10.3k $5.95
    1,736 SF · lease $12.00/SF/yr · vacancy 9.80% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $147.6K
    $129.2K – $172.3K (±1% cap)
    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 (±1% cap)
    NOI $31,156 @ 7.0% cap · market cap 17.80%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Gym & Fitness Center Kitchen & Bath Showroom Skin Care Clinic Cafe & Coffee Shop Nursing Home Nursing Home (Bike/Boat/Book/etc) Store Bakery Carpet & Flooring Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pine Bluff
    County
    Jefferson
    State
    Arkansas
    Longitude
    -92.006799
    Latitude
    34.211929

    FAQs

    What type of property is this?
    Apartment building - A well-maintained five-unit efficiency apartment property with all units leased and a 2025 roof replacement.
    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: 5‑unit efficiency apartment complex with all five units currently leased; Approx. $2,000/month rental income reported with a strong rental history; New roof installed in 2025
    More about this property
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