Building Details

Year Built 2024

Buildings 15

Stories 1

Units 30

Construction brick

Listing Agency: Halsey Real Estate j**@halseyre.com Show Phone

Listed By: Jon Moore · License #00055730 Show Phone

Source: Proeliterealty

Added: Jun 3 Changed: Aug 2 Last Checked: Aug 4 at 12:38PM

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Investment Insights

Based on property information with market context.

The property comprises 30 two-bedroom, two-bathroom apartment units distributed across 15 duplex buildings on approximately 4.5 acres. Constructed in 2024, the buildings feature all-brick exteriors and 30-year architectural shingles. Unit interiors include waterproof flooring, all-electric appliances, and provided washers, dryers, and refrigerators.

Located at 404 W Matthews in Brookland, Arkansas, the complex is less than 5 minutes from the northeast entrance to Jonesboro and less than 10 minutes from the southern entrance to Paragould. The surrounding regional context includes Arkansas State University and major healthcare employers in Jonesboro. R zoning is identified for the property.

Key Highlights

• 30 two‑bedroom, two‑bathroom apartment units across 15 duplex buildings
• Approximately 4.5+/- acres in Brookland, AR
• Buildings constructed in 2024

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Barber Shop Daycare Center Restaurant Buffet Department Store

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

Lease Details

30

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

107

Businesses Nearby

Explore this area Business Placement

Demographics for 72417, AR

5,720

Population

2,391

Households

2.4

Avg Household Size

30

Median Age

18%

College-Educated

90%

High-School Grad

43.0 sq mi

ZIP Area

133

Density / Sq Mi

$63,633

Median Household Income

$44,254

Median Earnings

$989

Median Rent

$168,800

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Built in 2024, the property combines brick duplex buildings with supplied appliances and washer-and-dryer equipment.

Where is this apartment building located?

The property is located at 404 W Matthews Brookland, AR.

What is the asking price?

The asking price for this property is $5,790,000.

What are key features of this property?

This property features: 30 two‑bedroom, two‑bathroom apartment units across 15 duplex buildings; Approximately 4.5+/- acres in Brookland, AR; Buildings constructed in 2024