11-Unit Multifamily
For Sale
$775,000
898 W Myrtle Street, Cabot, AR 72023
Commercial / Industrial, Traditional, Cabot, AR
Property Size7,000 SF
Lot Size0.92 Acres
Price / SF$110.71
Days on Market20
Property Features for 898 W Myrtle Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
15
Lot features
Level
Directions
Take Exit 89 East turn right onto 10th Street, then turn left on Myrtle Street. Property will be on the left.
Subdivision
CABOT SCHOOL DISTRICT
Standard status
Active
Size
7,000 SF
Lot size
0.92 Acres
Taxes and HOA fees
Tax Description
Lot 10 Block 0
Tax Annual Amount
3275
Legal Description
Lot 10 Block 0
Building Details
Year built
1997
Floors in Building
1
Flooring type
Vinyl
Roof type
Shingle
Architectural style
Other
Listing Agency:
RE/MAX Encore · RE/MAX International
(501) 843-3067
Listed By:
Jody Huffmaster · License #EB00075977
(501) 940-4628
Added: Sep 29
Changed: Oct 17
Last Checked: Oct 18 at 3:06AM
MLS# 26042057
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.
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Investment Insights
Based on property information with market context.
This multifamily property comprises three triplexes and one duplex, with 11 units across the buildings. The combined property size is 7,000 square feet on 0.92 acres. Vinyl flooring and shingle roofs are reported, and the buildings were constructed in 1997.
Ten units are rented; the remaining unit requires rehabilitation before it is rent-ready. The property is located at 898 W Myrtle Street in Cabot, Arkansas.
Ten units are rented; the remaining unit requires rehabilitation before it is rent-ready. The property is located at 898 W Myrtle Street in Cabot, Arkansas.
Key Highlights
- 11 units across three triplexes and one duplex
- 10 units rented; 1 unit requires rehabilitation
- 7,000 square feet on 0.92 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,894
Cap Rate
8.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,277,880
$1.3M
Cap Rate 7%
$912,771
$912.8K
Cap Rate 9%
$709,933
$709.9K
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$96.6K $13.80/SF
− Vacancy
−$5.3K −$0.76/SF
EGI
$91.3K $13.04/SF
− OpEx
−$27.4K −$3.91/SF
NOI
$63.9K $9.13/SF
Area
Lonoke County, AR
Vacancy
5.51%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,277,880
Cap Rate 7%
$912,771
Cap Rate 9%
$709,933
Alternative Uses
Best Use
Multifamily LT 5
$912.8K
$798.7K – $1.06M
NOI $63,894 @ 7.0% cap · market cap 8.24%
Second Best
Apartment 5plus
$808.2K
$707.2K – $943.0K
NOI $56,577 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$1.43M
$1.25M – $1.66M
NOI $99,767 @ 7.0% cap · market cap 12.87%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
11
Residential units
Location Intelligence
Trade Area within ½ mile
712
Businesses Nearby
Explore this area
Business Placement
Demographics for 72023, AR
37,321
Population
14,901
Households
2.5
Avg Household Size
38
Median Age
25%
College-Educated
94%
High-School Grad
98.2 sq mi
ZIP Area
380
Density / Sq Mi
$76,157
Median Household Income
$45,363
Median Earnings
$978
Median Rent
$202,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - A multi-building rental property has ten occupied units and one unit requiring rehabilitation.
Where is this multifamily property located?
The property is located at 898 W Myrtle Street Cabot, AR.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 11 units across three triplexes and one duplex; 10 units rented; 1 unit requires rehabilitation; 7,000 square feet on 0.92 acres
