Listing Agency: United Country Ozark Realty Show Phone

Listed By: Cody Cooper Show Phone

Source: Heilesassociatesrealtors

Added: Aug 22 Changed: Sep 8 Last Checked: Sep 13 at 11:26AM

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Investment Insights

Based on property information with market context.

This multifamily property comprises four rental homes constructed in 2019 across 2.21 acres. The unit mix includes two one-bedroom, one-bath homes and two two-bedroom, one-bath homes. Each residence includes appliances, creating a consistent offering across the property.

The homes sit approximately 1 mile outside Melbourne in Izard County, Arkansas, placing residents near town while retaining a country setting. All four units are currently rented, giving the property an established rental profile. The combination of multiple detached residences, recent construction, and an existing tenant base provides a straightforward residential income configuration.

Key Highlights

• Four rental homes on 2.21 acres
• All four units built in 2019
• Unit mix includes two 1‑bedroom homes and two 2‑bedroom homes

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Dental Office Law Firm Bed & Breakfast Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

12

Businesses Nearby

Explore this area Business Placement

Demographics for 72556, AR

3,362

Population

1,850

Households

1.8

Avg Household Size

46

Median Age

21%

College-Educated

90%

High-School Grad

161.2 sq mi

ZIP Area

21

Density / Sq Mi

$46,452

Median Household Income

$33,370

Median Earnings

$627

Median Rent

$173,600

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this multifamily properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Multifamily property - Four rental homes built in 2019 provide an income-producing residential configuration near town on a 2.21-acre tract.

Where is this multifamily property located?

The property is located at 380 Jumbo Road Melbourne, AR.

What is the asking price?

The asking price for this property is $249,900.

What are key features of this property?

This property features: Four rental homes on 2.21 acres; All four units built in 2019; Unit mix includes two 1‑bedroom homes and two 2‑bedroom homes