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Multifamily Property with Two Homes
For Sale
$275,000

249 & 250 River Dr, Oden, AR 71961

Two-home property with Ouachita River access, outbuildings, and partially fenced acreage for residential or agricultural use.

Property Size2,700 SF
Price / SF$101.85
Days on Market24

Property Features for 249 & 250 River Dr

General Information

Standard status Active
Size 2,700 SF
Property subtype Multi-Family

Building Details

Year Built 2004
Listing Agency: Keller Williams Realty The Bergeron Group
Listed By: Nancy Bergeron
Source: Themoverealty
Added: Aug 9 Changed: Aug 29 Last Checked: Aug 30 at 8:50PM

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 Keller Williams Realty The Bergeron Group

Investment Insights

Based on property information with market context.

This multifamily property spans 9.25 acres and includes two separate homes with additional support improvements. The 2004 main residence contains approximately 1,128 square feet, three bedrooms, and 1.5 baths, with a metal exterior, elevated construction, covered space below, and a large deck facing the property. The second residence, built circa 1900, offers approximately 1,572 square feet, two bedrooms, and one bath and is positioned for renovation. Combined building area is listed at 2,700 square feet.

Additional improvements include a 20x22 carport, 14x20 garage, 20x20 pole shed, and 20x30 pole shed. The acreage is partially fenced and has Ouachita River access, with entry from River Drive and Black Cherry Lane. The property is approximately 11 miles from Mount Ida, 28 miles from Mena, and approximately 45 miles from Hot Springs, with Lake Ouachita and the Ouachita National Forest nearby.

Key Highlights

  • 9.25 acres with Ouachita River access
  • Two homes totaling 2,700 square feet
  • Main home built in 2004 with approximately 1,128 sq. ft., 3 bedrooms, and 1.5 baths

Property Analytics

Current Use

Waterfront Land

Suggested Use

Top Pick Grocery & Convenience Store Pet Store Department Store Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

24
Businesses Nearby

Demographics for 71961, AR

868
Population
613
Households
1.4
Avg Household Size
52
Median Age
20%
College-Educated
85%
High-School Grad
85.4 sq mi
ZIP Area
10
Density / Sq Mi
$43,389
Median Household Income
$26,354
Median Earnings
$718
Median Rent
$95,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Two-home property with Ouachita River access, outbuildings, and partially fenced acreage for residential or agricultural use.
Where is this multifamily property located?
The property is located at 249 & 250 River Dr Oden, AR.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 9.25 acres with Ouachita River access; Two homes totaling 2,700 square feet; Main home built in 2004 with approximately 1,128 sq. ft., 3 bedrooms, and 1.5 baths
More about this property
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