6-Unit Apartment
For Sale
$495,500
Sherwood, AR 72076, Sherwood, AR 72076
Multi-Family, Traditional, Sherwood, AR
Property Size5,264 SF
Lot Size0.28 Acres
Price / SF$94.13
Days on Market110
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Appliances
Electric Range, Refrigerator-Stays, Electric Range, Refrigerator-Stays
Lot features
Level
Subdivision
3N-11-20
Standard status
Active
Size
5,264 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Annual Amount
3426
Building Details
Year built
1984
Floors in Building
2
Number of units
6
Flooring type
Laminate
Roof type
Composition
Architectural style
Other
Listing Agency:
Baker Ray Realty & Consulting
(501) 681-4104
Listed By:
Michael Love
(501) 680-3429
Added: Jun 22
Changed: Oct 8
Last Checked: Oct 9 at 9:06AM
MLS# 26025093
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 six-unit apartment property contains 5,264 square feet on a 0.28-acre parcel in Sherwood, Arkansas. Built in 1984, the building has composition roofing, laminate flooring, electric ranges, and refrigerators. The roof was replaced within the past six months.
Key Highlights
- Six‑unit apartment property with 5,264 square feet
- 0.28‑acre parcel in Sherwood, Arkansas
- Roof replacement completed within the past six months
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,600
Cap Rate
7.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$792,000
$792.0K
Cap Rate 7%
$565,714
$565.7K
Cap Rate 9%
$440,000
$440.0K
Market Conditions
NOI Build-Up for 5,264 SF
Gross rent
$76.4K $14.52/SF
− Vacancy
−$4.4K −$0.84/SF
EGI
$72.0K $13.68/SF
− OpEx
−$32.4K −$6.16/SF
NOI
$39.6K $7.52/SF
Area
Pulaski County, AR
Vacancy
5.80%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$792,000
Cap Rate 7%
$565,714
Cap Rate 9%
$440,000
Alternative Uses
Best Use
Apartment 5plus
$565.7K
$495.0K – $660.0K
NOI $39,600 @ 7.0% cap · market cap 7.99%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.00M
$878.6K – $1.17M
NOI $70,288 @ 7.0% cap · market cap 14.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
133
Businesses Nearby
Explore this area
Business Placement
Demographics for 72076, AR
38,443
Population
17,780
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
90%
High-School Grad
72.7 sq mi
ZIP Area
529
Density / Sq Mi
$53,048
Median Household Income
$36,189
Median Earnings
$917
Median Rent
$155,600
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - A recently replaced roof serves this six-unit property in Sherwood.
Where is this apartment building located?
The property is located at Sherwood, AR.
What is the asking price?
The asking price for this property is $495,500.
What are key features of this property?
This property features: Six‑unit apartment property with 5,264 square feet; 0.28‑acre parcel in Sherwood, Arkansas; Roof replacement completed within the past six months
