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East Market Street Apartments 1703 E Market Ave 54 Unit Apartment Building $5,360,708 CAD ($99,272 CAD/Unit) 6% Cap Rate Searcy, AR 72143
Investment Highlights
- 7 Building Portfolio with 54 Units
- Strong Rental Demographics & Demand
- Brick Construction with Off-Street Parking
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the “East Market Street Apartments”, a multi-family investment property located at 1703 East Market Ave in Searcy, AR (the “Property”). The multi-story building contains fifty-four (54) total units comprised of eight (8) 3-Bedroom/1-Bathroom units, thirty-six (36) 2-Bedroom/1-Bathroom units, and ten (10) 1-Bedroom/1-Bathroom units with 45,634 square feet of gross living area in 49,900 square feet of gross area. The Property is situated upon a 6.11-acre parcel and features sixty-two (62) off-street parking spaces.
1703 East Market Avenue is well-positioned along a primary commercial corridor in Searcy, offering strong access to the city’s retail concentrations, employment centers, and surrounding residential neighborhoods. The property benefits from prominent frontage on East Market Avenue (US Route 64), one of Searcy’s main east-west thoroughfares, providing direct connectivity across the city and to nearby regional routes including U.S. Route 67. This strategic location allows for efficient travel throughout White County and convenient access to larger regional hubs such as Little Rock, located approximately 50 miles southwest.
1703 East Market Avenue is well-positioned along a primary commercial corridor in Searcy, offering strong access to the city’s retail concentrations, employment centers, and surrounding residential neighborhoods. The property benefits from prominent frontage on East Market Avenue (US Route 64), one of Searcy’s main east-west thoroughfares, providing direct connectivity across the city and to nearby regional routes including U.S. Route 67. This strategic location allows for efficient travel throughout White County and convenient access to larger regional hubs such as Little Rock, located approximately 50 miles southwest.
Property Facts
| Price | $5,360,708 CAD | Apartment Style | Garden |
| Price Per Unit | $99,272 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 6.11 AC |
| Cap Rate | 6% | Building Size | 49,900 SF |
| No. Units | 54 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1972 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $5,360,708 CAD |
| Price Per Unit | $99,272 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 54 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 6.11 AC |
| Building Size | 49,900 SF |
| No. Stories | 2 |
| Year Built | 1972 |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
Site Amenities
- Courtyard
- Property Manager on Site
- Smoke Free
- Walk-Up
- Smoke Detector
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 016-10525-000 | Improvements Assessment | $421,113 CAD |
| Land Assessment | $111,209 CAD | Total Assessment | $532,322 CAD |
Property Taxes
Parcel Number
016-10525-000
Land Assessment
$111,209 CAD
Improvements Assessment
$421,113 CAD
Total Assessment
$532,322 CAD
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East Market Street Apartments | 1703 E Market Ave
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