Residential Income Property with
2 Summerset Place, Pine Bluff, AR 71603
For Sale
New
$127,500
Residential, Townhouse, Traditional, Pine Bluff, AR
Property Size1,950 SF
Lot Size0.05 Acres
Price / SF$65.38
Days on Market3
Property Features for 2 Summerset Place
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Interior features
Exterior features
Fencing
Appliances
Subdivision
Lot features
Directions
Standard status
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
HOA Fee
Legal Description
Amenities
private patio
laundry room
Building Details
Year built
Floors in Building
Flooring type
Roof type
Architectural style
Listing Agency:
Lisa Attwood Realty
Listed By:
Lisa Attwood
(870) 329-4350
Added: Nov 8
Changed: Nov 9
Last Checked: Nov 10 at 4:06AM
MLS# 26044926
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.
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Investment Insights
Based on property information with market context.
Offering 1,950 square feet on a 0.05-acre corner lot, this two-bedroom, two-bath residence has a spacious living room, generously sized bedrooms, and a large laundry room. A private patio and wood fencing provide defined outdoor space, while the two-car garage includes additional storage. The primary bedroom has a walk-in shower.
Built in 1987, the property has new flooring and fresh paint throughout, along with some new stainless steel kitchen appliances. Additional features include vinyl flooring, ceiling fans, a free-standing stove, and a gas range. The residence is part of a 55-and-older community in Pine Bluff.
Built in 1987, the property has new flooring and fresh paint throughout, along with some new stainless steel kitchen appliances. Additional features include vinyl flooring, ceiling fans, a free-standing stove, and a gas range. The residence is part of a 55-and-older community in Pine Bluff.
Key Highlights
- 1,950‑square‑foot residence on a 0.05‑acre corner lot
- Two bedrooms and two bathrooms
- Two‑car garage with additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,609
Cap Rate
9.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$232,180
$232.2K
Cap Rate 7%
$165,843
$165.8K
Cap Rate 9%
$128,989
$129.0K
Market Conditions
NOI Build-Up for 1,950 SF
Gross rent
$23.4K $12.00/SF
− Vacancy
−$2.3K −$1.18/SF
EGI
$21.1K $10.82/SF
− OpEx
−$9.5K −$4.87/SF
NOI
$11.6K $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%
$232,180
Cap Rate 7%
$165,843
Cap Rate 9%
$128,989
Alternative Uses
Best Use
Apartment 5plus
$165.8K
$145.1K – $193.5K
NOI $11,609 @ 7.0% cap · market cap 9.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$499.9K
$437.5K – $583.3K
NOI $34,996 @ 7.0% cap · market cap 27.45%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
77
Businesses Nearby
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Business Placement
Demographics for 71603, AR
30,236
Population
13,997
Households
2.2
Avg Household Size
43
Median Age
24%
College-Educated
90%
High-School Grad
167.8 sq mi
ZIP Area
180
Density / Sq Mi
$51,019
Median Household Income
$35,833
Median Earnings
$859
Median Rent
$116,000
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Pine Bluff, AR
Properties on Market for Residential income properties in Pine Bluff
Frequently Asked Questions
What type of property is this?
Residential income property - This 55-and-older community residence includes a private outdoor area, attached garage, and recently refreshed interior finishes.
Where is this residential income property located?
The property is located at 2 Summerset Place Pine Bluff, AR.
What is the asking price?
The asking price for this property is $127,500.
What are key features of this property?
This property features: 1,950‑square‑foot residence on a 0.05‑acre corner lot; Two bedrooms and two bathrooms; Two‑car garage with additional storage
