59 Units - Paragould Arkansas Multifamily Portfolio
Multifamily | 59 Units | $84,576/unit
Marketing description
59-Unit Multifamily Portfolio – Paragould, Arkansas
Rare opportunity to acquire a 59-unit multifamily portfolio in Paragould, Arkansas, one of Northeast Arkansas’ most stable and steadily growing rental markets. The offering includes 58 residential units and 1 commercial unit across multiple buildings, plus an additional value-add structure with potential to create a 60th unit.
Portfolio breakdown:
- 1 Commercial Unit
- 4-Plex
- 16-Plex
- 18-Plex
- 20-Plex
- Additional vacant structure (former laundry building) with full-rehab potential for conversion into an additional residential unit or income-producing amenity
All properties are located within Paragould, AR, a strong workforce and family-oriented community in Greene County.
Market Overview
Paragould sits just north of Jonesboro, Arkansas, home to Arkansas State University and a major regional employment hub. The city is widely viewed as a quieter, family-focused bedroom community for Jonesboro commuters, healthcare workers, and university staff.
Key investment fundamentals:
- Population: ~30,000 residents with steady long-term growth
- Decades of expansion: Paragould has experienced consistent population increases since 1970, including multiple decades of strong percentage growth
- Economic drivers: Manufacturing, healthcare, agriculture, and education anchored by nearby Arkansas State University
- Rental demand: Limited new multifamily supply combined with continued regional job growth supports stable occupancy
- Crime & livability: Lower crime rates compared to similarly sized regional cities, contributing to strong tenant retention and workforce housing demand
- Location: 15-minute drive to Jonesboro; convenient access to US-49 and regional employers
Investment highlights
- Scale: 59 total units across multiple buildings provides operational efficiency while maintaining manageable asset size
- Diversification: Mix of building sizes plus one commercial unit creates multiple income streams
- Value-add upside: rental rate optimization. Vacant former laundry structure offers clear path to creating a 60th unit or additional revenue center
- Achieve market rents. Current legacy tenants are paying 15-30% under market rent.
- Workforce housing demand: Strong tenant base tied to healthcare, education, manufacturing, and service sectors
- Stabilized regional market: Consistent demand from renters seeking affordability outside Jonesboro
This portfolio offers investors a chance to acquire immediate scale in a proven rental market with additional upside through strategic improvements, rent optimization, and potential unit expansion.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
