Eureka Springs Multifamily Investment
For Sale
$3,095,000
2025 Van Buren, Eureka Springs, AR 72632
MULTI_FAMILY - Eureka Springs, AR
Property Size28,652 SF
Lot Size1.57 Acres
Price / SF$108.02
Days on Market98
Property Features for 2025 Van Buren
General Information
Property type
Residential Multi Family
Property subtype
Other
Subdivision
Stadium Add
Lot features
In Subdivision
Directions
E Van Buren
Standard status
Active
APN
925-01878-002
Size
28,652 SF
Lot size
1.57 Acres
Taxes and HOA fees
Tax Description
PT NW NE
Tax Annual Amount
11678
Legal Description
PT NW NE
Utilities
Heating system
Ductless (Heating)
Cooling system
Electric
Building Details
Floors in Building
3
Number of units
53
Flooring type
Concrete
Roof type
Other
Listing Agency:
Harmon Real Estate Company
(479) 546-0109
Listed By:
Joshua Harmon · License #PB00080746
(479) 719-0344
Added: Apr 30
Changed: Jul 9
Last Checked: Aug 5 at 3:06AM
MLS# 1088575
Copyright © 2026 Western River Valley Board of REALTORS®. 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.
The Ravine Apartments, located in Eureka Springs, Arkansas, presents a multifamily opportunity. This residential portfolio includes 53 units across four buildings at 2025A, 2025B, 2025C, and 2027 East Van Buren Street. The property, originally a motel, has been converted to long-term residential use. All buildings feature new roofs, full electrical upgrades, plumbing, and individual PTAC HVAC units. The unit mix includes studios, one-bedroom, and two-bedroom apartments, each with a full kitchen including a stove and refrigerator. Individual electric meters per unit limit owner utility exposure to water, sewer, trash, and internet service. An on-site laundry facility serves Building 2025C. Building 2025A, a nine-unit two-bedroom addition, is currently under construction with an estimated completion date of June 1, 2026. The property currently generates $27,550 per month in gross rental income across 37 occupied units. There are 8 existing vacancies. Upon full stabilization of all 53 units, the property is projected to generate over $491,000 in annualized gross potential rent. The property is situated on a 1.57-acre lot.
Key Highlights
- Ravine Apartments multifamily portfolio with 53 units across four buildings at 2025A, 2025B, 2025C, and 2027 E Van Buren St, Eureka Springs, AR
- Converted from motel to long‑term residential use; all buildings received new roofs plus full electrical upgrades and plumbing
- Each unit has individual electric meters; units include full kitchens with a stove and refrigerator and individual PTAC HVAC units
Property Analytics
Property Profile
Current Use
Lease Details
53
Residential units
Location Intelligence
Trade Area within ½ mile
378
Businesses Nearby
Explore this area
Business Placement
Demographics for 72632, AR
4,704
Population
2,840
Households
1.7
Avg Household Size
55
Median Age
30%
College-Educated
96%
High-School Grad
97.8 sq mi
ZIP Area
48
Density / Sq Mi
$45,990
Median Household Income
$28,700
Median Earnings
$838
Median Rent
$228,600
Median Home Value
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 - 53-unit residential portfolio in Eureka Springs, Arkansas.
Where is this apartment building located?
The property is located at 2025 Van Buren Eureka Springs, AR.
What is the asking price?
The asking price for this property is $3,095,000.
What are key features of this property?
This property features: Ravine Apartments multifamily portfolio with 53 units across four buildings at 2025A, 2025B, 2025C, and 2027 E Van Buren St, Eureka Springs, AR; Converted from motel to long‑term residential use; all buildings received new roofs plus full electrical upgrades and plumbing; Each unit has individual electric meters; units include full kitchens with a stove and refrigerator and individual PTAC HVAC units
