40-Unit Garden-Style Apartment
For Sale
$3,800,000
1810 Bishop Road, Bryant, AR 72022
Multi-Family, Contemporary, Bryant, AR
Property Size30,228 SF
Lot Size3.81 Acres
Price / SF$125.71
Days on Market404
Property Features for 1810 Bishop Road
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Interior features
Washer Connection, Dryer Connection-Electric
Appliances
Electric Range, Refrigerator-Stays, Electric Range, Refrigerator-Stays
Subdivision
Metes & Bounds
Lot features
Level
Directions
I-30 Frontage Rd to Prickett Rd. Follow to Bishop Rd. Apartment complex is on your right.
Standard status
Active
APN
840-14848-001
Size
30,228 SF
Lot size
3.81 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PT W/2 NENE 2025-000537
Tax Annual Amount
17226
Legal Description
PT W/2 NENE 2025-000537
Amenities
on-site laundry
Building Details
Year built
1985
Floors in Building
2
Number of units
40
Flooring type
Carpet - Partial, Vinyl
Roof type
Shingle
Architectural style
Contemporary
Listing Agency:
Capital Real Estate Advisors
(501) 420-4097
Listed By:
Sergio Convers · License #PB00059330
(501) 266-0007
Added: Sep 1, 2025
Changed: Oct 8
Last Checked: Oct 9 at 7:06AM
MLS# 25038162
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 contemporary apartment property contains 40 units across 30,228 square feet on approximately 3.81 acres. The unit mix includes 16 one-bedroom flats of approximately 646 square feet and 24 two-bedroom flats of approximately 834 square feet. Apartments feature all-electric systems, central HVAC, partial vinyl and carpet flooring, and washer and electric dryer connections. On-site laundry serves the community, while select appliances remain with the units.
Constructed in 1985, the property has received multiple physical improvements, including stone kitchen countertops in most apartments, updated appliances, new ceiling fans, and replacement of most HVAC equipment and water heaters. The community is located at 1810 Bishop Road in Bryant, with access to I-30, Bishop Park, and the Alcoa/Reynolds retail corridor.
Constructed in 1985, the property has received multiple physical improvements, including stone kitchen countertops in most apartments, updated appliances, new ceiling fans, and replacement of most HVAC equipment and water heaters. The community is located at 1810 Bishop Road in Bryant, with access to I-30, Bishop Park, and the Alcoa/Reynolds retail corridor.
Key Highlights
- 40 units on approximately 3.81 acres
- 30,228‑square‑foot apartment property built in 1985
- Unit mix includes 16 one‑bedroom and 24 two‑bedroom flats
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$260,396
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,207,920
$5.2M
Cap Rate 7%
$3,719,943
$3.7M
Cap Rate 9%
$2,893,289
$2.9M
Market Conditions
NOI Build-Up for 30,228 SF
Gross rent
$504.2K $16.68/SF
− Vacancy
−$30.8K −$1.02/SF
EGI
$473.4K $15.66/SF
− OpEx
−$213.1K −$7.05/SF
NOI
$260.4K $8.61/SF
Area
Saline County, AR
Vacancy
6.10%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,207,920
Cap Rate 7%
$3,719,943
Cap Rate 9%
$2,893,289
Alternative Uses
Best Use
Apartment 5plus
$3.72M
$3.25M – $4.34M
NOI $260,396 @ 7.0% cap · market cap 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.60M
$5.77M – $7.70M
NOI $461,757 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
40
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
523
Businesses Nearby
Explore this area
Business Placement
Demographics for 72022, AR
18,206
Population
7,353
Households
2.5
Avg Household Size
37
Median Age
39%
College-Educated
94%
High-School Grad
13.6 sq mi
ZIP Area
1,339
Density / Sq Mi
$84,471
Median Household Income
$51,193
Median Earnings
$987
Median Rent
$221,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Contemporary apartments offer central HVAC, on-site laundry, and a mix of one- and two-bedroom floor plans.
Where is this apartment building located?
The property is located at 1810 Bishop Road Bryant, AR.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: 40 units on approximately 3.81 acres; 30,228‑square‑foot apartment property built in 1985; Unit mix includes 16 one‑bedroom and 24 two‑bedroom flats
