28-Unit Duplex Apartment
5 Lilac Street, Greenbrier, AR 72058
For Sale
$3,550,000
Multi-Family, Traditional, Greenbrier, AR
Property Size30,388 SF
Lot Size1.76 Acres
Price / SF$116.82
Days on Market32
Property Features for 5 Lilac Street
General Information
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Building Details
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Buildings
Listing Agency:
LPT Realty Conway · RE/MAX International
(501) 291-3841
Listed By:
Luke Goodman · License AR SA00073698
(501) 679-1720
Added: Oct 12
Changed: Nov 2
Last Checked: Nov 12 at 12:06AM
MLS# 26041384
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.
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Investment Insights
Based on property information with market context.
Built in 2022, this apartment property comprises 14 duplex buildings and 28 units across 30,388 square feet on 1.76 acres. Each unit has two bedrooms and two bathrooms, along with concrete flooring, ceiling fans, electric water heaters, and washer and electric dryer connections. Kitchens include a built-in stove, electric range, microwave, dishwasher, and refrigerator.
Matthew's Park and the Greenbrier Middle School/Junior High campuses are within walking distance. The property is located at 5 Lilac Street in Greenbrier.
Matthew's Park and the Greenbrier Middle School/Junior High campuses are within walking distance. The property is located at 5 Lilac Street in Greenbrier.
Key Highlights
- 14 duplexes totaling 28 units
- Each unit has a 2‑bedroom, 2‑bathroom floor plan
- 30,388 square feet on 1.76 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$182,677
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,653,540
$3.7M
Cap Rate 7%
$2,609,671
$2.6M
Cap Rate 9%
$2,029,744
$2.0M
Market Conditions
NOI Build-Up for 30,388 SF
Gross rent
$353.7K $11.64/SF
− Vacancy
−$21.6K −$0.71/SF
EGI
$332.1K $10.93/SF
− OpEx
−$149.5K −$4.92/SF
NOI
$182.7K $6.01/SF
Area
Faulkner County, AR
Vacancy
6.10%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,653,540
Cap Rate 7%
$2,609,671
Cap Rate 9%
$2,029,744
Alternative Uses
Best Use
Apartment 5plus
$2.61M
$2.28M – $3.04M
NOI $182,677 @ 7.0% cap · market cap 5.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.93M
$6.06M – $8.09M
NOI $485,182 @ 7.0% cap · market cap 13.67%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
28
Residential units
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
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Demographics for 72058, AR
18,525
Population
7,143
Households
2.6
Avg Household Size
37
Median Age
28%
College-Educated
96%
High-School Grad
157.3 sq mi
ZIP Area
118
Density / Sq Mi
$80,406
Median Household Income
$48,578
Median Earnings
$1,027
Median Rent
$203,400
Median Home Value
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Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Every unit has a two-bedroom, two-bathroom layout with kitchen appliances included.
Where is this apartment building located?
The property is located at 5 Lilac Street Greenbrier, AR.
What is the asking price?
The asking price for this property is $3,550,000.
What are key features of this property?
This property features: 14 duplexes totaling 28 units; Each unit has a 2‑bedroom, 2‑bathroom floor plan; 30,388 square feet on 1.76 acres
