Van Buren Townhomes For
629 Poplar ST, Van Buren, AR 72956
MULTI_FAMILY - Van Buren, AR
Property size:
8,480 SFLot size:
0.49 AcresPrice / SF:
$103/SF- Added:
- Oct 23, 2023
- Days on Market:
- 943
- Last Refresh:
- May 21 at 11:06 pm
Property Features for 629 Poplar ST
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- APN
- 700-02508-000
- Size
- 8,480 SF
- Lot size
- 0.49 Acres
Taxes and HOA fees
- Tax Description
- See County Records
- Tax Annual Amount
- 996
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Electric
Building Details
- Year built
- 2018
- Floors in Building
- 2
- Number of units
- 8
- Flooring type
- Concrete, Vinyl
- Roof type
- Shingle
Listing agent Aaron O'Neal License #155637 (918) 774-5743
Listing office O'Neal Real Estate 505 W Fine Blvd, Roland, AR (479) 739-8087
Listing date Oct 23, 2023
MLS# 1068432
Listing URL
Copyright © 2026 Western River Valley Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Multi‑unit property: 8 townhomes across 4 buildings.
- Newer construction: Two buildings are only a few years old, suggesting reduced maintenance costs.
- Income‑generating: Currently generating rental income with an average of $950 per unit.
- Low maintenance: Maintenance expenses are expected to be low due to the age of the buildings.
- Tenant‑paid utilities: Tenants are responsible for all utility bills.
- New construction opportunity: Two buildings are currently under construction, offering potential for increased value or customization.
Overview
This property features eight townhomes, each with two bedrooms and 1.5 bathrooms, situated within four buildings in Van Buren, AR. Two of the buildings are relatively new, while the remaining two are currently under construction. The property occupies a 0.49-acre lot. The total property size is 8480 square feet. The units are rented for an average of $950 each, with tenants responsible for all utilities. The property is located in Van Buren, AR.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$579.6K
NOI $52,162 @ 9.00% cap · cautious / downside scenario
Moderate
$745.2K
NOI $52,162 @ 7.00% cap · market / base-case scenario
Aggressive
$1.04M
NOI $52,162 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $101.8k | $12.00 |
| − Vacancy | −$6.9k | −$0.82 |
| EGI | $94.8k | $11.18 |
| − OpEx | −$42.7k | −$5.03 |
| NOI | $52.2k | $6.15 |
8,480 SF · lease $12.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$745.2K
$652.0K – $869.4K
NOI $52,162 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.63M
$1.42M – $1.90M
NOI $113,808 @ 7.0% cap · market cap 12.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Van Buren
- County
- Crawford
- State
- Arkansas
- Longitude
- -94.353646
- Latitude
- 35.440765
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Eight townhomes in Van Buren, AR, with ongoing construction.
Where is this apartment building located?
The property is located at 629 Poplar ST Van Buren, AR.
What is the asking price?
The asking price for this property is $877,000.
What are key features of this property?
This property features: Multi‑unit property: 8 townhomes across 4 buildings.; Newer construction: Two buildings are only a few years old, suggesting reduced maintenance costs.; Income‑generating: Currently generating rental income with an average of $950 per unit.
