2123 South Blake Street Pine Bluff, AR 71603
36-unit apartment complex with immediate cash flow potential.
Property Features for 2123 South Blake Street
General Information
- Standard status
- Active
- Size
- 21,630 SF
- Property subtype
- Multifamily
Listing office RE/MAX Platinum Pine Bluff (870) 209-4628
Listing date May 11, 2026
Source Crexi
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 RE/MAX Platinum Pine Bluff
Investment Insights
Based on property information with market context.
Key Highlights
- Immediate cash flow with 34/36 units currently occupied.
- Upside potential through lease‑up of remaining units.
- Strong rental demand in the area with consistent occupancy history.
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 |
