12-Unit Apartment
For Sale
$950,000
300 N Clinic Street, Searcy, AR 72143
Occupied apartment property with recent roof, window, countertop, HVAC, and interior improvements.
Property Size11,178 SF
Price / SF$84.99
Days on Market89
Property Features for 300 N Clinic Street
General Information
Standard status
Active
Size
11,178 SF
Property subtype
Multi-family
Occupancy
100%
Units
Unit Mix
12 x 2BR/1BA
Multifamily Units
12
Listing Agency:
RGB Appraisals & Realty
(501) 843-2003
Listed By:
Katrina Yarboro
(501) 554-0274
Source:
Arprorealty
Added: Jul 20
Changed: Oct 7
Last Checked: Oct 12 at 7:40PM
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 RGB Appraisals & Realty
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Investment Insights
Based on property information with market context.
This 12-unit apartment property in Searcy contains 11,178 square feet and offers a consistent two-bedroom, one-bath unit configuration. Every unit is currently occupied. Recent capital improvements include a replacement roof, thermal window upgrades throughout, and solid-surface countertops. Seven apartments have received new HVAC systems, while eight units have been updated.
Located at 300 N Clinic Street, the property combines an established apartment layout with documented improvements across the building. The uniform unit mix and current occupancy provide a straightforward operating profile for multifamily ownership.
Located at 300 N Clinic Street, the property combines an established apartment layout with documented improvements across the building. The uniform unit mix and current occupancy provide a straightforward operating profile for multifamily ownership.
Key Highlights
- 12‑unit apartment complex with 2br/1ba units
- All units currently occupied
- 11,178 square feet of apartment space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,377
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,207,540
$1.2M
Cap Rate 7%
$862,529
$862.5K
Cap Rate 9%
$670,856
$670.9K
Market Conditions
NOI Build-Up for 11,178 SF
Gross rent
$118.0K $10.56/SF
− Vacancy
−$8.3K −$0.74/SF
EGI
$109.8K $9.82/SF
− OpEx
−$49.4K −$4.42/SF
NOI
$60.4K $5.40/SF
Area
White County, AR
Vacancy
7.00%
Lease Rate
$10.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,207,540
Cap Rate 7%
$862,529
Cap Rate 9%
$670,856
Alternative Uses
Best Use
Apartment 5plus
$862.5K
$754.7K – $1.01M
NOI $60,377 @ 7.0% cap · market cap 6.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.04M
$1.79M – $2.38M
NOI $143,096 @ 7.0% cap · market cap 15.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
12
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
849
Businesses Nearby
Explore this area
Business Placement
Demographics for 72143, AR
35,111
Population
14,948
Households
2.3
Avg Household Size
37
Median Age
27%
College-Educated
89%
High-School Grad
302.1 sq mi
ZIP Area
116
Density / Sq Mi
$55,522
Median Household Income
$33,315
Median Earnings
$851
Median Rent
$176,900
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 - Occupied apartment property with recent roof, window, countertop, HVAC, and interior improvements.
Where is this apartment building located?
The property is located at 300 N Clinic Street Searcy, AR.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 12‑unit apartment complex with 2br/1ba units; All units currently occupied; 11,178 square feet of apartment space
