8-Unit Apartment
New
For Sale
$2,850,000
2617-2631 S Everest Ave, Rogers, AR 72758
Eight residences combine private garages with shared outdoor parking and long-term occupancy.
Property Size15,803 SF
Price / SF$180.35
Days on Market3
Property Features for 2617-2631 S Everest Ave
General Information
Standard status
Active
Size
15,803 SF
Property subtype
Commercial
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
8
Building Details
Year Built
2006
Tenancy
Multi
Listing Agency:
Lindsey & Associates Inc
Listed By:
Brooke Hernandez
(479) 366-0149
Source:
District3
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 20 at 8:18PM
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 Lindsey & Associates Inc
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Investment Insights
Based on property information with market context.
This 15,803-square-foot, eight-unit apartment complex was built in 2006 and has remained fully leased to long-term tenants. Six interior residences feature two bedrooms with en-suite bathrooms upstairs, plus open living, dining, and kitchen areas, a guest bath, and a fenced patio. Each unit includes appliances, walk-in closets, a laundry nook, granite counters, and stone tile flooring. The two end units each exceed 2,400 square feet and add a gas fireplace, pantry, and upstairs bonus area. Four residences have two-car garages, while the other four have one-car garages; additional outdoor parking is available. The complex roof was replaced in 2019.
The property is in Rogers near I-49, Mercy Hospital, Pinnacle Hills Promenade, and the Uptown Rogers shopping, dining, and entertainment district. An on-site manager has handled maintenance for 20 years.
The property is in Rogers near I-49, Mercy Hospital, Pinnacle Hills Promenade, and the Uptown Rogers shopping, dining, and entertainment district. An on-site manager has handled maintenance for 20 years.
Key Highlights
- Eight‑unit complex with 100% occupancy and long‑term tenants
- 15,803 square feet; built in 2006
- Six interior units have two bedrooms with en‑suite baths on the second level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$128,708
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,574,160
$2.6M
Cap Rate 7%
$1,838,686
$1.8M
Cap Rate 9%
$1,430,089
$1.4M
Market Conditions
NOI Build-Up for 15,803 SF
Gross rent
$248.4K $15.72/SF
− Vacancy
−$14.4K −$0.91/SF
EGI
$234.0K $14.81/SF
− OpEx
−$105.3K −$6.66/SF
NOI
$128.7K $8.14/SF
Area
Benton County, AR
Vacancy
5.80%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,574,160
Cap Rate 7%
$1,838,686
Cap Rate 9%
$1,430,089
Alternative Uses
Best Use
Apartment 5plus
$1.84M
$1.61M – $2.15M
NOI $128,708 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.34M
$3.80M – $5.07M
NOI $303,994 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
8
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
214
Businesses Nearby
Explore this area
Business Placement
Demographics for 72758, AR
45,105
Population
18,145
Households
2.5
Avg Household Size
34
Median Age
42%
College-Educated
88%
High-School Grad
31.3 sq mi
ZIP Area
1,441
Density / Sq Mi
$94,605
Median Household Income
$49,856
Median Earnings
$1,300
Median Rent
$358,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Eight residences combine private garages with shared outdoor parking and long-term occupancy.
Where is this apartment building located?
The property is located at 2617-2631 S Everest Ave Rogers, AR.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Eight‑unit complex with 100% occupancy and long‑term tenants; 15,803 square feet; built in 2006; Six interior units have two bedrooms with en‑suite baths on the second level
