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Multifamily

Walnut Ridge

1072 2nd Ave, Walnut Ridge, AR 72476

Listing Price: $16,250,000

Cap Rate
6.21%
Number of Units
164
GRM
8.88
Occupancy
96.3%
Price/Unit
$99,085
Price/Gross SF
$99.27
Gross SF
163,700

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.

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

Exclusively Listed By

Broker of Record

  • Steve Greer

    Senior Director Investments

    (225) 376-6729

    License(s) AR: PB00098133

    Arkansas

Financing By

Multifamily

Walnut Ridge

Listing Price: $16,250,000

Cap Rate
6.21%
Number of Units
164
GRM
8.88
Occupancy
96.3%
Price/Unit
$99,085
Price/Gross SF
$99.27
Gross SF
163,700

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.

Exclusively Listed By

Broker of Record

  • Steve Greer

    Senior Director Investments

    (225) 376-6729

    License(s): AR: PB00098133

    Arkansas

Financing By

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