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20-Unit Apartment Community
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514 North 14th Street, Paragould, AR 72450

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

Property Size17,900 SF
Price / SF$64.25
Days on Market8

Property Features for 514 North 14th Street

General Information

Standard status Active
Size 17,900 SF
Property subtype Multifamily

Additional Details

Multifamily Units 20

Amenities

off-street parking
on-site storage building

Building Details

Year Built 1993
Year Renovated 2020
Construction brick
Listing Agency: Joe Capital Group
Listed By: Kyle Robertson · License #TX
Source: Crexi
Added: Jul 24 Changed: Jul 29 Last Checked: Jul 29 at 12:36PM

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

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

Current Use

Apartment buildings

Suggested Use

Top Pick Kitchen & Bath Showroom HVAC Service Grocery & Convenience Store Electrical Service Computer & Electronic Repair Skin Care Clinic

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

20
Residential units

Location Intelligence

Trade Area within ½ mile

125
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
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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
More about this property
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