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16-Unit Apartment Renovation Opportunity

215-219 ROSS AVENUE West Memphis, AR 72301

215-219 ROSS AVENUE, West Memphis, AR, 72301
$749,900
For Sale
$749,900

MULTI_FAMILY - West Memphis, AR

Property Size18,848 SF
Lot Size0.81 Acres
Price / SF$39.79
Days on Market250

Property Features for 215-219 ROSS AVENUE

General Information

Property type
Residential Multi Family
Property subtype
Other
Window features
Double Pane Windows
Standard status
Active
APN
37302000000
Size
18,848 SF
Lot size
0.81 Acres

Taxes and HOA fees

Tax Year
2024
Tax Description
lot 1-3B
Tax Annual Amount
5528

Utilities

Sewer type
Public Sewer
Water source
Public

Building Details

Year built
1950
Number of units
16
Building materials
Brick
Listing agency CARTER REALTY COMPANY
Listed by Karen Carter · License #PB00038590
Added: Nov 14, 2025 Updated: Jun 6 at 12:17AM Checked: Jul 22 at 2:06AM
MLS# 43951

Copyright © 2026 Eastern Arkansas REALTORS® Association. 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.

This property consists of two separate 8-unit apartment buildings, totaling 16 units, located at 215–219 Ross Avenue in West Memphis, Arkansas. The exterior renovations have been completed, providing a head start for a renovation plan. The interiors are described as ready for transformation, making the property well suited for a value-add approach where finishes and unit interiors can be refreshed or reconfigured to align with a buyer’s or operator’s standards.

The asset is positioned at Park & Ross in West Memphis, in Crittenden County. It sits on a 0.81-acre lot, with a property size of 18,848 square feet as provided in the listing information.

For investors or developers seeking a renovation-focused multifamily asset, this offering provides a clear framework: exterior work is already completed and remaining interior scope can be tailored to the business plan. The listing also notes that the lender is willing to discuss financing and structure options, including holding the mortgage or exploring a joint venture approach for a fix-and-flip strategy, subject to the lender’s approval and final terms.

Key Highlights

  • 16‑unit apartment property in West Memphis, AR, made up of two 8‑unit buildings
  • Brick construction and built in 1950
  • Public water and public sewer services

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Electrical Service Real Estate Agency Cafe & Coffee Shop Skin Care Clinic Parking Lot & Garage HVAC Service Garden Center Kitchen & Bath Showroom Veterinary Clinic Catering Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Two 8-unit buildings offer 16 rental units with exterior renovations completed and interiors ready for renovation.
Where is this apartment building located?
The property is located at 215-219 ROSS AVENUE West Memphis, AR.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 16‑unit apartment property in West Memphis, AR, made up of two 8‑unit buildings; Brick construction and built in 1950; Public water and public sewer services
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