8-Unit Apartment
New
For Sale
$2,850,000
2617-2631 S Everest Avenue, Rogers, AR 72758
CommercialSale, Rogers, AR
Property Size15,803 SF
Price / SF$180.35
Days on Market3
Property Features for 2617-2631 S Everest Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
16
Parking features
Assigned, Garage, Open
Security features
Security
Interior features
WiredForSound
Appliances
ElectricWaterHeater
Lot features
Business Park, Corner Lot, City Lot, Neighborhood
Directions
From New Hope or Perry Road, South on 26th St, Right on Everest; Property right side of street w/building address sign #2617-2631 or wind thru Peaks subdivision or S. Bellview to Ajax to Rushmore to Everest
Standard status
Active
APN
02-16715-600;02-16715-601
Size
15,803 SF
Taxes and HOA fees
Tax Description
AKA CONDOS AT THE PEAK HORIZONTAL PROPERTY REGIME
Tax Annual Amount
19436
Legal Description
AKA CONDOS AT THE PEAK HORIZONTAL PROPERTY REGIME
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
2006
Number of units
8
Flooring type
Tile, Carpet
Roof type
Shingle
Listing Agency:
Rogers Land Co Inc
(479) 636-1298
Listed By:
Kelli Roberts · License #PB00084117
(479) 381-3085
Added: Oct 16
Last Checked: Oct 18 at 11:06AM
MLS# 1365336
Copyright © 2026 ArkansasONE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 15,803-square-foot apartment property contains eight condominium residences and was built in 2006. Six interior units have two bedrooms with en-suite bathrooms upstairs, plus open living, dining, and kitchen areas, a guest bath, patio, and garage. Two end units each exceed 2,400 square feet and include gas fireplaces, pantries, and additional upstairs space. All residences have appliances, walk-in closets, laundry nooks, granite counters, and stone tile floors. Four garages accommodate two cars, while the other four are single-car. Outdoor parking is also available.
The property is near I-49, Mercy Hospital, Pinnacle Hills Promenade, and Uptown Rogers. The complex roof was replaced in 2019. The listing reports full occupancy and long-term tenants; an on-site property manager has handled maintenance for 20 years.
The property is near I-49, Mercy Hospital, Pinnacle Hills Promenade, and Uptown Rogers. The complex roof was replaced in 2019. The listing reports full occupancy and long-term tenants; an on-site property manager has handled maintenance for 20 years.
Key Highlights
- Eight condominium units with 15,803 square feet of total property area
- Six interior units feature two bedrooms and en‑suite baths; two end units each exceed 2,400 square feet
- Four two‑car garages and four one‑car garages, plus outdoor parking
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
Current Use
Lease Details
8
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
94
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
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
Frequently Asked Questions
What type of property is this?
Apartment building - Each residence has appliances, laundry space, and a garage, with additional outdoor parking available.
Where is this apartment building located?
The property is located at 2617-2631 S Everest Avenue 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 condominium units with 15,803 square feet of total property area; Six interior units feature two bedrooms and en‑suite baths; two end units each exceed 2,400 square feet; Four two‑car garages and four one‑car garages, plus outdoor parking
