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    621 Williams Ave Carlisle, AR 72024

    For Sale
    $1,650,000

    Arkansas Multifamily Investment Opportunity

    Property size:
    22,068 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 23-unit apartment building in Carlisle, Arkansas, presents a compelling investment opportunity. Built in 2001, this two-story complex boasts 22,068 square feet on a 1.03-acre lot, offering 2 parking spaces per unit. All 23 units are currently occupied, featuring two bedrooms and two bathrooms, complete with refrigerator, washer, and dryer. Four units are handicap accessible (two wheelchair accessible). A shared common area with a living space, kitchen, and restroom enhances tenant convenience. The property includes several covered patios and is ideally situated within walking distance of the park, downtown, banks, shopping, and the library, and just eight blocks from an elementary school and grocery store. Recent improvements include a new roof (summer 2022) and 11 new HVAC units. Water is paid by the owner. Each unit measures 899 square feet. The asking price is $1,650,000, representing a price per square foot of $74.77. This well-maintained property offers quiet living and a strong potential for return on investment. Twelve units are located on the upper floor.

    Property Features for 621 Williams Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    22,068 SF
    Lot Size
    44,867 SF

    Building Details

    Year Built
    2001
    Stories
    2
    Units
    23

    HighLights

    • $1,650,000 asking price for this 23‑unit apartment building.
    • 22,068 square feet, offering a price per square foot of $74.77.
    • Located at 621 N Williams Avenue, Carlisle, AR 72024.
    • Built in 2001, this two‑story building sits on a 1.03‑acre lot.
    • Features 23 units, each with 2 parking spaces, including 4 handicap‑accessible units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tarpass Apartments Apartment Building

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Carlisle
    County
    Lonoke
    State
    Arkansas
    Longitude
    -91.7480101
    Latitude
    34.7883902

    Nearby Comparable

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    Nearby Similar for Sale

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    • $125,000
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      Carlisle, AR Brick Building

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    • $89,900
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      Prime Carlisle Land - Development Opportunity

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    • $84,000
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      Carlisle AR Commercial Land Opportunity

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      View Details

    FAQs

    What type of property is this?
    Multifamily property - Arkansas Multifamily Investment Opportunity
    Where is this multifamily property located?
    The property is located at 621 Williams Ave Carlisle, AR.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: $1,650,000 asking price for this 23-unit apartment building.; 22,068 square feet, offering a price per square foot of $74.77.; Located at 621 N Williams Avenue, Carlisle, AR 72024.
    Request Owner's contact information
    621 Williams Ave Carlisle, AR 72024
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    Carlisle, AR 72024
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    621 Williams Ave Carlisle, AR 72024
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