2123 S Blake Street, Pine Bluff, AR 71603
MULTI_FAMILY - Pine Bluff, AR
- Added:
- Apr 30, 2026
- Days on Market:
- 68
- Last Refresh:
- Jul 6 at 1:06 am
Property Features for 2123 S Blake Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- APN
- 930-64498-000
- Size
- 21,630 SF
- Lot size
- 1.74 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Lot 1
- Tax Annual Amount
- 10748
Building Details
- Year built
- 1992
- Floors in Building
- 2
- Flooring type
- Carpet - Partial, Vinyl
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Wes Brown License #PB00087003 (870) 209-4628
Listing office Re/Max Platinum 3907 Camden Road Suite 1, Pine Bluff, AR (870) 534-2823
Listing date Apr 30, 2026
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
- 36‑unit apartment complex with all 1‑bedroom, 1‑bathroom units
- Currently 34/36 units occupied
- Built in 1992
- Shingle roof
- Flooring includes carpet (partial) and vinyl
Overview
The building is located at 2123 S Blake Street in Pine Bluff, Arkansas (71603), on a busy, high-visibility street. The site is described as offering strong exposure and accessibility.
From an operator’s perspective, the unit mix and current occupancy make this property well-suited for an investor looking to manage an existing residential income stream while working to bring the remaining units to leased status. The straightforward 1-bedroom, 1-bath layout can also simplify ongoing maintenance and tenant turnover relative to more varied floorplans, based on the property’s stated design approach.
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 | $259.6k | $12.00 |
| − Vacancy | −$25.4k | −$1.18 |
| EGI | $234.1k | $10.82 |
| − OpEx | −$105.4k | −$4.87 |
| NOI | $128.8k | $5.95 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Pine Bluff
- County
- Jefferson
- State
- Arkansas
- Longitude
- -92.042738
- Latitude
- 34.207486
