16-Unit Apartment
New
For Sale
$695,900
2600 S Beech Street, Pine Bluff, AR 71601
Multi-Family, Traditional, Pine Bluff, AR
Property Size6,500 SF
Lot Size0.16 Acres
Price / SF$107.06
Days on Market6
Property Features for 2600 S Beech Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Interior features
Smoke Detector
Exterior features
Partially Fenced, Dumpster
Fencing
Partial
Appliances
Free-Standing Stove, Refrigerator-Stays, Free-Standing Stove, Refrigerator-Stays
Subdivision
Austin & Taylor
Lot features
Level
Directions
Take exit 43 toward US-63/US 63B/Warren/El Dorado Follow S Olive St to S Beech St Turn left onto US-63 N/S Olive St Continue to follow S Olive St Turn left after Popeyes Louisiana Kitchen (on the left)
Standard status
Active
APN
930-03069-000
Size
6,500 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BLK 29, E 45.5 FT LOT 1
Tax Annual Amount
3618
Legal Description
BLK 29, E 45.5 FT LOT 1
Building Details
Year built
1964
Floors in Building
2
Number of units
16
Flooring type
Vinyl
Roof type
Composition
Architectural style
Other
Listing Agency:
Danali Real Estate
(501) 223-2737
Listed By:
Jeffrey Johnston
(501) 690-7448
Added: Sep 28
Last Checked: Oct 3 at 8:06AM
MLS# 26039334
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 16-unit apartment property contains 6,500 square feet on a 0.16-acre parcel. Built in 1964, the building has vinyl flooring and a composition roof. Interior smoke detectors are present, and the partially fenced grounds include a dumpster. Units have free-standing stoves and refrigerators that remain with the property.
Professional management is in place, and maintenance and updates have been completed. The property is located at 2600 S Beech Street in Pine Bluff, Arkansas.
Professional management is in place, and maintenance and updates have been completed. The property is located at 2600 S Beech Street in Pine Bluff, Arkansas.
Key Highlights
- 16 apartments in a 6,500‑square‑foot building
- 0.16‑acre site in Pine Bluff, Arkansas
- Built in 1964
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,696
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$773,920
$773.9K
Cap Rate 7%
$552,800
$552.8K
Cap Rate 9%
$429,956
$430.0K
Market Conditions
NOI Build-Up for 6,500 SF
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.
Gross rent
$78.0K $12.00/SF
− Vacancy
−$7.6K −$1.18/SF
EGI
$70.4K $10.82/SF
− OpEx
−$31.7K −$4.87/SF
NOI
$38.7K $5.95/SF
Area
Jefferson County, AR
Vacancy
9.80%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$773,920
Cap Rate 7%
$552,800
Cap Rate 9%
$429,956
Alternative Uses
Best Use
Apartment 5plus
$552.8K
$483.7K – $644.9K
NOI $38,696 @ 7.0% cap · market cap 5.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.67M
$1.46M – $1.94M
NOI $116,654 @ 7.0% cap · market cap 16.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
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Business Placement
Demographics for 71601, AR
13,881
Population
6,573
Households
2.1
Avg Household Size
34
Median Age
15%
College-Educated
86%
High-School Grad
115.4 sq mi
ZIP Area
120
Density / Sq Mi
$36,688
Median Household Income
$23,586
Median Earnings
$802
Median Rent
$67,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Professionally managed residential income property with recent maintenance and updates.
Where is this apartment building located?
The property is located at 2600 S Beech Street Pine Bluff, AR.
What is the asking price?
The asking price for this property is $695,900.
What are key features of this property?
This property features: 16 apartments in a 6,500‑square‑foot building; 0.16‑acre site in Pine Bluff, Arkansas; Built in 1964
