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New 31-Unit Development in Austin
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201 N 2nd St, Austin, AR 72007

New development in growing area near shopping and retail.

Property SizeContact for details
Days on Market387

Property Features for 201 N 2nd St

General Information

Standard status Active
Class A
Property subtype Multifamily
Occupancy 100%
Net Operating Income $182,377

Building Details

Year Built 2022
Buildings 9
Stories 1
Units 31
Listing Agency: SVN | OAK Realty Advisors
Listed By: Zac Smithson · License #sa00071597
Source: Crexi
Added: Jul 31, 2025 Changed: Aug 8 Last Checked: Aug 19 at 7:26AM

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 SVN | OAK Realty Advisors

Investment Insights

Based on property information with market context.

Austin Oaks is a new development featuring 31 units, situated in a location experiencing growth. The surrounding area has seen rent increases exceeding 10% in the past year and is expected to continue growing, as this part of the Little Rock Metro is among the fastest-growing regions in the state. Located in Austin, Arkansas, the property is near shopping and retail areas, with convenient access to Highway 67. Austin Oaks is located within the Cabot School district. The property is approximately three miles from the dining and entertainment options in Cabot, a suburb of Little Rock.

Key Highlights

  • New 31‑unit development built in 2022.
  • Located in a high‑growth area with over 10% rent growth in the past year.
  • Located in the Cabot School District.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Big Box & Wholesale Store Auto Parts Store Real Estate Agency Grocery & Convenience Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

61
Businesses Nearby

Demographics for 72007, AR

9,792
Population
3,799
Households
2.6
Avg Household Size
35
Median Age
27%
College-Educated
88%
High-School Grad
45.9 sq mi
ZIP Area
213
Density / Sq Mi
$79,550
Median Household Income
$46,980
Median Earnings
$1,193
Median Rent
$220,000
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Apartment building - New development in growing area near shopping and retail.
Where is this apartment building located?
The property is located at 201 N 2nd St Austin, AR.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: New 31‑unit development built in 2022.; Located in a high‑growth area with over 10% rent growth in the past year.; Located in the Cabot School District.
More about this property
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