Multifamily Property Near JB Hunt
3123 McRay Avenue Springdale, AR 72762
3123 McRay Avenue, Springdale, AR, 72762
$400,000
For Sale
$400,000
Tenant-occupied multifamily property near JB Hunt Park and Central JR High.
Property Size2,034 SF
Price / SF$196.66
Days on Market250
Property Features for 3123 McRay Avenue
General Information
- Standard status
- Active
- Size
- 2,034 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1973
Listing agency
Red Box Realty
(479) 790-9337
Listed by
Brandi Graham · License #SA00091443
(479) 790-9337
Source
Exitrealty
Added: Nov 13, 2025 Updated: Jul 10 at 12:10PM Checked: Jul 21 at 4:45AM
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 Red Box Realty
Investment Insights
Based on property information with market context.
This multifamily property, with a size of 2034 square feet, is currently tenant-occupied. The property is located close to JB Hunt Park and shopping areas, and it is situated across the street from Central Junior High School.
Key Highlights
- Tenant occupied, generating immediate rental income
- Close proximity to JB Hunt Park
- Convenient access to shopping
Local Financial Insights For Apartment 5plus
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 | $31.7k | $15.60 |
| − Vacancy | −$2.3k | −$1.12 |
| EGI | $29.4k | $14.48 |
| − OpEx | −$13.3k | −$6.51 |
| NOI | $16.2k | $7.96 |
2,034 SF · lease $15.60/SF/yr · vacancy 7.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$231.4K
$202.4K – $269.9K
NOI $16,195 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$546.0K
$477.7K – $637.0K
NOI $38,217 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Multifamily property - Tenant-occupied multifamily property near JB Hunt Park and Central JR High.
Where is this multifamily property located?
The property is located at 3123 McRay Avenue Springdale, AR.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Tenant occupied, generating immediate rental income; Close proximity to JB Hunt Park; Convenient access to shopping
