1 / 715-Unit Multifamily in Conway, AR
Income-Producing 15-Unit Multifamily Portfolio in Conway, AR
Faulkner County, AR · listed Aug 1, 2026 (88 days)
Exclusively listed by Elite Exit Advisors. Offering memorandum available.
- $/unit
- $166,667
- Cap rate
- 6%
- NOI
- $150K
- $10,000/unit/yr
- Units
- 15
- 6 bldg · 1996
Key facts from the offering memorandum
- Asking Price
- $2,500,000
- Units
- 15 (3 duplexes, 3 triplexes)
- Occupancy
- 14 of 15 units occupied
- Gross Scheduled Rent
- approximately $150,300/yr (current rent roll)
- Building Size
- 14,508 sq ft
- Lot Size
- 1.63 acres
From the broker's offering memorandum. The full memorandum (financials, rent roll) is available on request.
Financials
- Asking price
- $2,500,000
- Price per unit
- $166,667
- Price per sq ft
- $172
- Gross rent / year
- $150,300
- Net operating income
- $150,000
- NOI per unit
- $10,000
- Cap rate
- 6%
- Gross yield
- 6%gross rent ÷ price
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 15
- Unit mix
- Every unit is a 2-bedroom, 2-bathroom layout
- Buildings
- 6
- Year built
- 1996
- Building size
- 14,508 sq ft
- Avg unit size
- 967 sq ft
- Lot size
- 1.63 acres
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Aug 1, 2026
- Days on market
- 88 days
- On MultifamilyRadar
- Oct 29, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 2259
About this property
This offering is a 15-unit multifamily portfolio in Conway, Arkansas, consisting of three duplexes and three triplexes on 1.63 acres. Every unit is a 2-bedroom, 2-bathroom layout with a living room, kitchen, and a private garage.
The portfolio has a long history of tenant stability: most residents have been in place between 10 and 25 years. Only one unit is currently vacant, and it is being used for buyer showings during the marketing period. Current rents run below the Conway market average for comparable 2-bedroom units and have been raised gradually and consistently over time, pointing to further upside as leases turn over.
The seller separately owns adjacent land near the property, which is available to an interested buyer as a separate transaction (see Asking Price section).
Each of the 15 units offers 2 bedrooms, 2 bathrooms, a living room, kitchen, and a private garage. The property is split across three duplex buildings and three triplex buildings on a combined 1.63-acre site. Tenant tenure is long — typically 10 to 25 years — and current rents are documented on the attached rent roll. The one vacant unit is being kept open for buyer showings during the marketing process.
The seller separately controls two adjacent pieces of land near the subject property: a 0.79-acre parcel on 5th Ave and a 24-lot assemblage on 3rd Ave, directly behind the property. Both are available for purchase separately from this listing.
Highlights
- Long history of tenant stability: most residents have been in place between 10 and 25 years
- Current rents run below the Conway market average for comparable 2-bedroom units
- Rents have been raised gradually and consistently over time, pointing to further upside as leases turn over
- 14 of 15 units occupied; one vacant unit is being used for buyer showings
- Adjacent land available for purchase separately
Location
Approximate area. The exact address is shared on request.
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