Six-Unit Apartment
For Sale
$540,000
99 state hwy 287, Greenbrier, AR 72058
Multi-Family, Traditional, Greenbrier, AR
Property Size5,365 SF
Lot Size1.70 Acres
Price / SF$100.65
Days on Market58
Property Features for 99 state hwy 287
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Appliances
Dishwasher, Free-Standing Stove, Refrigerator-Stays, Dishwasher, Free-Standing Stove, Refrigerator-Stays
Subdivision
Town of Linder
Lot features
Level
Directions
Head north from Conway on highway 65. Turn right onto highway 65. Property is on the left.
Standard status
Active
Size
5,365 SF
Lot size
1.70 Acres
Taxes and HOA fees
Tax Description
Lots 3 & 5Town Of Linder
Tax Annual Amount
3368
Legal Description
Lots 3 & 5Town Of Linder
Building Details
Year built
2005
Floors in Building
1
Number of units
6
Flooring type
Tile, Carpet - Partial
Roof type
Shingle
Architectural style
Other
Listing Agency:
Brick Real Estate
(501) 497-3822
Listed By:
Bryce Richardson · License #000086881
(870) 530-7262
Added: Sep 8
Changed: Nov 2
Last Checked: Nov 4 at 9:06AM
MLS# 26037420
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 apartment property includes six units in a 5,365-square-foot building constructed in 2005. Interior features include partial carpet and tile flooring, along with free-standing stoves, dishwashers, and refrigerators. A shingle roof completes the existing improvements.
The property encompasses approximately 1.70 acres at 99 State Hwy 287 in Greenbrier, Arkansas. Additional acreage is available for potential development of more units, subject to applicable zoning, required approvals, and utility availability. The highway setting provides access to Greenbrier and surrounding areas.
The property encompasses approximately 1.70 acres at 99 State Hwy 287 in Greenbrier, Arkansas. Additional acreage is available for potential development of more units, subject to applicable zoning, required approvals, and utility availability. The highway setting provides access to Greenbrier and surrounding areas.
Key Highlights
- Six‑unit apartment building constructed in 2005
- 5,365‑square‑foot multifamily building
- Approximately 1.70 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,252
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$645,040
$645.0K
Cap Rate 7%
$460,743
$460.7K
Cap Rate 9%
$358,356
$358.4K
Market Conditions
NOI Build-Up for 5,365 SF
Gross rent
$62.4K $11.64/SF
− Vacancy
−$3.8K −$0.71/SF
EGI
$58.6K $10.93/SF
− OpEx
−$26.4K −$4.92/SF
NOI
$32.3K $6.01/SF
Area
Faulkner County, AR
Vacancy
6.10%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$645,040
Cap Rate 7%
$460,743
Cap Rate 9%
$358,356
Alternative Uses
Best Use
Apartment 5plus
$460.7K
$403.2K – $537.5K
NOI $32,252 @ 7.0% cap · market cap 5.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,659 @ 7.0% cap · market cap 15.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Explore this area
Business Placement
Demographics for 72058, AR
18,525
Population
7,143
Households
2.6
Avg Household Size
37
Median Age
28%
College-Educated
96%
High-School Grad
157.3 sq mi
ZIP Area
118
Density / Sq Mi
$80,406
Median Household Income
$48,578
Median Earnings
$1,027
Median Rent
$203,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained multifamily property with additional land that may support future unit development, subject to approvals and utilities.
Where is this apartment building located?
The property is located at 99 state hwy 287 Greenbrier, AR.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Six‑unit apartment building constructed in 2005; 5,365‑square‑foot multifamily building; Approximately 1.70 acres
