36-Unit Apartment
For Sale
Under Contract
$2,500,000
6720 Dollarway Rd, White Hall, AR 71602
MULTI_FAMILY - White Hall, AR
Property Size30,380 SF
Lot Size3.00 Acres
Price / SF$82.29
Days on Market50
Property Features for 6720 Dollarway Rd
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Appliances
Free-Standing Stove, Free-Standing Stove
Subdivision
Henslee Heights
Lot features
Level
Directions
Dollarway road across from the cemetery
Standard status
Active Under Contract
Size
30,380 SF
Lot size
3.00 Acres
Taxes and HOA fees
Tax Description
SEC 22 TWP 5 S RNG 10 W
Tax Annual Amount
16943
Legal Description
SEC 22 TWP 5 S RNG 10 W
Building Details
Year built
2005
Floors in Building
2
Number of units
36
Flooring type
Carpet - Partial, Vinyl
Roof type
Composition
Architectural style
Other
Listing Agency:
IRealty Arkansas - Sheridan
(501) 500-1949
Listed By:
Amanda Eversole
(501) 529-2106
Added: Jul 2
Changed: Aug 4
Last Checked: Aug 20 at 3:06AM
MLS# 26026841
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.
This 36-unit apartment complex in White Hall, Arkansas is offered as a fully occupied multifamily property. Built in 2005, the building features a composition roof and a recently striped parking lot. As units become available, they are updated with lower-level vinyl flooring and upper-level carpet, along with free-standing stoves in the units.
The property sits on 3 acres and includes 30,380 square feet under roof. The listed address is 6720 Dollarway Rd in White Hall, located in Jefferson County.
The configuration supports ongoing tenant turnover with unit-level improvements, while maintaining a fully occupied status at the time of listing.
The property sits on 3 acres and includes 30,380 square feet under roof. The listed address is 6720 Dollarway Rd in White Hall, located in Jefferson County.
The configuration supports ongoing tenant turnover with unit-level improvements, while maintaining a fully occupied status at the time of listing.
Key Highlights
- 36‑unit apartment complex fully occupied
- 3‑acre site totaling 30,380 SF
- Built in 2005 with a composition roof
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$180,858
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,617,160
$3.6M
Cap Rate 7%
$2,583,686
$2.6M
Cap Rate 9%
$2,009,533
$2.0M
Market Conditions
NOI Build-Up for 30,380 SF
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.
Gross rent
$364.6K $12.00/SF
− Vacancy
−$35.7K −$1.18/SF
EGI
$328.8K $10.82/SF
− OpEx
−$148.0K −$4.87/SF
NOI
$180.9K $5.95/SF
Area
Jefferson County, AR
Vacancy
9.80%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,617,160
Cap Rate 7%
$2,583,686
Cap Rate 9%
$2,009,533
Alternative Uses
Best Use
Apartment 5plus
$2.58M
$2.26M – $3.01M
NOI $180,858 @ 7.0% cap · market cap 7.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.79M
$6.82M – $9.09M
NOI $545,224 @ 7.0% cap · market cap 21.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
36
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
260
Businesses Nearby
Explore this area
Business Placement
Demographics for 71602, AR
16,112
Population
7,489
Households
2.2
Avg Household Size
41
Median Age
23%
College-Educated
89%
High-School Grad
131.0 sq mi
ZIP Area
123
Density / Sq Mi
$54,936
Median Household Income
$35,644
Median Earnings
$900
Median Rent
$135,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained 36-unit apartment complex, fully occupied, with recently striped parking lot and updated units as they become available.
Where is this apartment building located?
The property is located at 6720 Dollarway Rd White Hall, AR.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 36‑unit apartment complex fully occupied; 3‑acre site totaling 30,380 SF; Built in 2005 with a composition roof
