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20-Unit Apartment Community

514 North 14th Street, Paragould, AR 72450

For Sale
Contact for pricing
Pending

20-unit apartment community built in 1993, fully renovated in 2020, with tenant-paid electricity and on-site storage.

Property Size17,900 SF
Days on Market112

Property Features for 514 North 14th Street

General Information

Standard status Pending
Size 17,900 SF
Class B
Total Parking Spaces 20
Property subtype Multifamily
Zoning RI
Occupancy 90%
Investment Type Value Add

Additional Details

Multifamily Units 20

Amenities

off-street parking
on-site storage building

Building Details

Year Built 1993
Year Renovated 2016
Buildings 3
Units 20
Tenancy Multi
Construction brick
Listing Agency: Joe Capital Group
Listed By: Kyle Robertson
Source: Crexi
Added: Jul 24 Changed: Nov 9 Last Checked: Nov 10 at 8:02AM

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 Joe Capital Group

Rey
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Investment Insights

Based on property information with market context.

This 20-unit apartment community was built in 1993 and underwent a comprehensive renovation in 2020. The property is described as a well-maintained brick community with spacious apartments. Residents pay electricity, while ownership pays water, sewer, and trash, supporting predictable operating expenses.

The community includes a large off-street parking lot, an on-site storage/maintenance building, and professionally maintained landscaping and common areas. The setting includes expansive green space as part of the property’s curb appeal.

Located at 514 North 14th Street in Paragould, Arkansas, the property is positioned within Northeast Arkansas’ rental market. The offering is presented as a value-add opportunity centered on continued rent optimization after the major renovation work was completed.

Key Highlights

  • 20‑unit apartment community built in 1993
  • Renovated in 2020
  • Tenant‑paid electricity; owner pays water, sewer, and trash

Property Analytics

Lease Details

20
Residential units

Location Intelligence

Trade Area within ½ mile

474
Businesses Nearby

Demographics for 72450, AR

39,945
Population
16,784
Households
2.4
Avg Household Size
38
Median Age
17%
College-Educated
88%
High-School Grad
285.3 sq mi
ZIP Area
140
Density / Sq Mi
$56,390
Median Household Income
$37,008
Median Earnings
$865
Median Rent
$169,100
Median Home Value

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 - 20-unit apartment community built in 1993, fully renovated in 2020, with tenant-paid electricity and on-site storage.
Where is this apartment building located?
The property is located at 514 North 14th Street Paragould, AR.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 20‑unit apartment community built in 1993; Renovated in 2020; Tenant‑paid electricity; owner pays water, sewer, and trash
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