2123 South Blake Street, Pine Bluff, AR 71603
36-unit apartment complex with immediate cash flow potential.
- Added:
- May 11, 2026
- Days on Market:
- 39
- Last Refresh:
- May 16 at 8:40 pm
Property Features for 2123 South Blake Street
General Information
- Standard status
- Active
- Size
- 21,630 SF
- Property subtype
- Multifamily
Listing agent Wes Brown License #PB00087003
Listing office RE/MAX Platinum Pine Bluff (870) 209-4628
Listing date May 11, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Platinum Pine Bluff
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.
- Located on a busy, high‑visibility street.
- Excellent exposure and accessibility.
- Near major thoroughfares, shopping, and employment centers.
Overview
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
- -92.04328
- Latitude
- 34.208326
