Two Fourplex Apartment
310 Jefferson ST Alma, AR 72921
New
310 Jefferson ST, Alma, AR, 72921
$1,195,000
For Sale
$1,195,000
MULTI_FAMILY - Alma, AR
Property Size7,984 SF
Lot Size0.24 Acres
Price / SF$149.67
Days on Market2
Property Features for 310 Jefferson ST
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Window features
- Vinyl Frames
- Standard status
- Active
- APN
- 710-00262-000-C
- Size
- 7,984 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Description
- 06-09-30
- Tax Annual Amount
- 5568
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 2015
- Floors in Building
- 2
- Number of units
- 8
- Flooring type
- Tile - Ceramic, Laminate
- Roof type
- Shingle
Listing agency
Keller Williams Platinum Realty
(479) 434-3000
Listed by
Laura McLean · License #SA00081842
(479) 434-3000
Added: Jul 20 Updated: Jul 21 at 10:27AM Checked: Jul 21 at 8:06PM
MLS# 1090509
Copyright © 2026 Western River Valley Board of REALTORS®. 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.
For sale at 310 Jefferson St, Alma, AR 72921, this turnkey multi-family offering consists of two fourplex apartment buildings with a total of eight income-producing units. The property is described as being in excellent condition and designed for low-maintenance ownership, with spacious floor plans and attractive finishes throughout.
The buildings include ample parking for tenants, supporting day-to-day convenience for residents. The listing also describes the construction as modern.
This is presented as an income-producing asset with immediate rental income potential through the existing eight-unit configuration across the two buildings.
The buildings include ample parking for tenants, supporting day-to-day convenience for residents. The listing also describes the construction as modern.
This is presented as an income-producing asset with immediate rental income potential through the existing eight-unit configuration across the two buildings.
Key Highlights
- Two newer fourplexes with a total of 8 income‑producing units
- Built in 2015 for newer, low‑maintenance construction
- Central heating and central air with electric heating/cooling
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.4k | $10.20 |
| − Vacancy | −$5.3k | −$0.66 |
| EGI | $76.2k | $9.54 |
| − OpEx | −$22.9k | −$2.86 |
| NOI | $53.3k | $6.68 |
7,984 SF · lease $10.20/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$761.8K
$666.5K – $888.7K
NOI $53,323 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$701.6K
$613.9K – $818.5K
NOI $49,111 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,152 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - For sale: two fourplex buildings totaling eight income-producing units in Alma, Arkansas.
Where is this apartment building located?
The property is located at 310 Jefferson ST Alma, AR.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Two newer fourplexes with a total of 8 income‑producing units; Built in 2015 for newer, low‑maintenance construction; Central heating and central air with electric heating/cooling
