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Controlled-Access Apartment Community
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401 W 24th St, Fayetteville, AR 72701

Community amenities include a clubhouse, laundry facilities, playground, and on-site property management.

Property Size19,400 SF
Days on Market95

Property Features for 401 W 24th St

General Information

Standard status Active
Size 19,400 SF
Property subtype Multifamily

Amenities

24-hour controlled access
clubhouse
laundry facilities
playground
on-site property management
smoke detectors
air conditioning
ceiling fans
tile floors and carpet
heating
cable readiness
dishwasher
refrigerator
oven/range
disposal

Building Details

Building Size 19,400 SF
Year Built 1974
Units 129
Listed By: Andrew Mulhall
Source: Svn
Added: Jul 19 Changed: Oct 8 Last Checked: Oct 20 at 6:33PM

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 Andrew Mulhall

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Investment Insights

Based on property information with market context.

Built in 1974, this apartment community offers controlled entry, a clubhouse, laundry facilities, a playground, on-site property management, and smoke detectors. Apartment interiors include air conditioning, ceiling fans, tile and carpet flooring, heating, cable readiness, and full kitchens equipped with dishwashers, refrigerators, oven/ranges, and disposals.

The property is immediately eligible to submit a Qualified Contract and enter a 3-year decontrol period under the LIHTC program. The stated transition plan allows for 100% unrestricted market-rate operations following the decontrol period, with turnover identified as the point for introducing market-rate tenants.

Key Highlights

  • Immediate eligibility to submit a Qualified Contract and enter a 3‑year LIHTC decontrol period
  • Transition plan supports 100% unrestricted market‑rate operations after decontrol
  • Controlled access, clubhouse, laundry facilities, playground, and on‑site property management

Property Analytics

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Location Intelligence

Trade Area within ½ mile

186
Businesses Nearby

Demographics for 72701, AR

48,269
Population
20,057
Households
2.4
Avg Household Size
28
Median Age
42%
College-Educated
93%
High-School Grad
126.0 sq mi
ZIP Area
383
Density / Sq Mi
$50,413
Median Household Income
$27,305
Median Earnings
$973
Median Rent
$323,900
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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Community amenities include a clubhouse, laundry facilities, playground, and on-site property management.
Where is this apartment building located?
The property is located at 401 W 24th St Fayetteville, AR.
What are key features of this property?
This property features: Immediate eligibility to submit a Qualified Contract and enter a 3‑year LIHTC decontrol period; Transition plan supports 100% unrestricted market‑rate operations after decontrol; Controlled access, clubhouse, laundry facilities, playground, and on‑site property management
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