28-Unit Duplex Apartment
New
For Sale
$3,550,000
5 Lilac Street, Greenbrier, AR 72058
Multi-Family, Traditional, Greenbrier, AR
Property Size30,388 SF
Lot Size1.76 Acres
Price / SF$116.82
Days on Market3
Property Features for 5 Lilac Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Interior features
Washer Connection, Dryer Connection-Electric, Hot Water Heater-Electric, Smoke Detector, Fan - Ceiling, All Units
Appliances
Built-In Stove, Microwave, Electric Range, Dishwasher, Refrigerator-Stays, Built-In Stove, Microwave, Electric Range, Dishwasher, Refrigerator-Stays
Subdivision
Harrington & Reynolds
Lot features
Level, Zero Lot Line, Cleared, In Subdivision
Directions
Travel Hwy 65N into Greenbrier. Turn right onto Ivy St, then left onto Poppy St and right onto Lilac St and there will be 7 duplexes on the right. Follow the road around the subdivision to Mary Rose Drive and there will be 7 duplexes on the left.
Standard status
Active
Size
30,388 SF
Lot size
1.76 Acres
Taxes and HOA fees
Tax Annual Amount
30415
Building Details
Year built
2022
Floors in Building
1
Number of units
28
Flooring type
Concrete
Architectural style
Other
Listing Agency:
LPT Realty Conway · RE/MAX International
(501) 291-3841
Listed By:
Luke Goodman · License #SA00073698
(501) 679-1720
Added: Oct 12
Last Checked: Oct 14 at 1:06AM
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.
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
28
Residential units
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
Explore this area
Business Placement
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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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
