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Two-Home Multifamily Property
For Sale
$275,000

249 & 250 River Drive, Oden, AR 71961

Multi-Family, Craftsman, Oden, AR

Property Size2,700 SF
Lot Size9.27 Acres
Price / SF$101.85
Days on Market55

Property Features for 249 & 250 River Drive

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 3, Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 4
Parking features Carport
Interior features Balcony/Loft, Breakfast Bar, Fan - Ceiling
Appliances Free-Standing Stove, Microwave, Refrigerator-Stays, Free-Standing Stove, Microwave, Refrigerator-Stays
Subdivision Oden City Acreage
Lot features Sloped, Rural Property, River View, Pond, Wooded, Cleared, River/ Lake Area
Directions Heading West on Hwy 88 - Left on Ouachita, Right on River Dr, 249 River will be on the Left and 250 River Dr will be on the Right.
Standard status Active
APN 086-00031-001 01
Size 2,700 SF
Lot size 9.27 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description PT NW SE N/2 OF THE W 102 YDS
Tax Annual Amount 332
Legal Description PT NW SE N/2 OF THE W 102 YDS

Amenities

Ouachita River access
deck
carport
garage

Building Details

Year built 2004
Floors in Building 2
Number of units 2
Flooring type Wood, Tile
Architectural style Craftsman
Listing Agency: Keller Williams Realty The Bergeron Group
Listed By: Nancy Bergeron
Added: Aug 3 Changed: Sep 17 Last Checked: Sep 26 at 2:06PM
MLS# 26031497

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.

Investment Insights

Based on property information with market context.

This multifamily property comprises two homes totaling approximately 2,700 square feet. The primary residence, built in 2004, includes approximately 1,128 square feet, three bedrooms, 1.5 baths, a metal exterior, and a large deck. Its elevated design provides covered parking, storage, or storm shelter space. The second residence, dating to circa 1900, contains approximately 1,572 square feet, two bedrooms, and one bath, with renovation potential for additional living space, a guest residence, or rental use.

Supporting improvements include a 20x22 carport, 14x20 garage, 20x20 pole shed, and 20x30 pole shed. The property has Ouachita River access, partial fencing, and entry from both River Drive and Black Cherry Lane. Oden is approximately 11 miles from Mount Ida, 28 miles from Mena, and approximately 45 miles from Hot Springs. A new survey has been completed.

Key Highlights

  • Two homes totaling approximately 2,700 square feet
  • Main home built in 2004 with approximately 1,128 square feet, 3 bedrooms, and 1.5 baths
  • Second home from circa 1900 offers approximately 1,572 square feet, 2 bedrooms, and 1 bath

Property Analytics

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Current Use

Multifamily properties

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.

Lease Details

2
Residential units
Yes
Paved road access

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Multifamily property - Two residential structures with outbuildings, river access, and flexible living or rental configurations.
Where is this multifamily property located?
The property is located at 249 & 250 River Drive 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: Two homes totaling approximately 2,700 square feet; Main home built in 2004 with approximately 1,128 square feet, 3 bedrooms, and 1.5 baths; Second home from circa 1900 offers approximately 1,572 square feet, 2 bedrooms, and 1 bath
More about this property
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