Multifamily
Walnut Ridge
1072 2nd Ave, Walnut Ridge, AR 72476
Listing Price: $16,250,000
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing of the Walnut Ridge Portfolio, a 164-unit multifamily collection located in Walnut Ridge, AR. Built between 2020 and 2023, the portfolio offers investors dominant market control—owning more than 50% of local apartment inventory—with scale-driven operating efficiencies. All units feature washer/dryer connections, enabling a $1.6M+ value increase through appliance additions. Additional upside includes flat-rate water billing and significant rent growth potential, with local rents sitting 36% below Memphis despite comparable income levels. The property benefits from proximity to the I-57 expansion and the arrival of Provalus, which is bringing over 200 skilled IT jobs to the area.
Listing Price: $16,250,000
Investment Highlights
- Investor gains 50%+ control of Walnut Ridge apartment inventory post-acquisition
- Operational scale enables cost efficiencies and management simplicity
- Flat-rate water billing could unlock significant income with zero expense
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing of the Walnut Ridge Portfolio, a 164-unit multifamily collection located in Walnut Ridge, AR. Built between 2020 and 2023, the portfolio offers investors dominant market control—owning more than 50% of local apartment inventory—with scale-driven operating efficiencies. All units feature washer/dryer connections, enabling a $1.6M+ value increase through appliance additions. Additional upside includes flat-rate water billing and significant rent growth potential, with local rents sitting 36% below Memphis despite comparable income levels. The property benefits from proximity to the I-57 expansion and the arrival of Provalus, which is bringing over 200 skilled IT jobs to the area.
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