495 Highway 365, Mayflower, AR 72106
MULTI_FAMILY - Mayflower, AR
- Added:
- Mar 24, 2026
- Days on Market:
- 105
- Last Refresh:
- Jul 6 at 11:06 am
Property Features for 495 Highway 365
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Bedrooms
- 10
- Bathrooms
- 9
- Rooms
- Bathroom 8, Bedroom 5, Bedroom 3, Bathroom 5, Bathroom 9, Bedroom 8, Bedroom 2, Bedroom 7, Bathroom 6, Bedroom 6, Bathroom 3, Bathroom 7, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 9, Bathroom 4, Bedroom 10, Bedroom 4
- Interior features
- Washer Connection, Washer-Stays, Dryer Connection-Gas, Dryer-Stays, Hot Water Heater-Gas, Hot Water Heater-Electric, Smoke Detector, Primary Bedroom with Bath
- Exterior features
- Dumpster
- Appliances
- Free-Standing Stove, Gas Range, Refrigerator-Stays, Exhaust Fan, Free-Standing Stove, Gas Range, Refrigerator-Stays, Exhaust Fan
- Standard status
- Active
- APN
- 760-01089-000
- Size
- 6,896 SF
- Lot size
- 1.00 Acre
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 17-04N-13W
- Tax Annual Amount
- 2610
Utilities
- Water front features
- Creek
Building Details
- Year built
- 1985
- Floors in Building
- 2
- Number of units
- 9
- Flooring type
- Vinyl, Carpet - Full
- Roof type
- Shingle
Listing agent Christopher Cribbs (501) 697-5522
Listing office IRealty Arkansas - Cabot 3065 Hwy 367 S Suite 7, Sherwood, AR (501) 286-6072
Listing date Mar 24, 2026
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 9‑unit mixed‑use property in Mayflower: 5 commercial units on the ground level and 4 residential units above
- All 9 units are occupied
- Recent updates to the 5 commercial units include new floors and drywall
- Year built 1985; shingle roof
- Residential unit features include primary bedroom with bath plus washer and dryer hookups (gas dryer connection)
- Waterfront feature: creek
Overview
The building is located in Mayflower, Arkansas, in Faulkner County, on Highway 365 (72106). The property is described as well positioned with easy access to major roadways, which can be helpful for day-to-day operations for both the commercial and residential tenants.
For buyers or operators seeking a combined income stream, the vertical arrangement offers practical separation between commercial uses at the ground floor and residential units upstairs. With the commercial updates already completed and occupancy in place across all units, this property may align well with an investor looking for an already-performing, mixed-use setup. Seller requires 24-hour notice for showings.
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 | $80.3k | $11.64 |
| − Vacancy | −$4.9k | −$0.71 |
| EGI | $75.4k | $10.93 |
| − OpEx | −$33.9k | −$4.92 |
| NOI | $41.5k | $6.01 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Mayflower
- County
- Faulkner
- State
- Arkansas
- Longitude
- -92.418717
- Latitude
- 34.980542
