East Market Street Apartments
Multifamily | 54 Units | $72,692/unit
Marketing description
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.
Investment highlights
ACCESS & CONNECTIVITY
The property is positioned along East Market Avenue (U.S. Route 64), a primary east–west corridor that traverses the state and directly connects Searcy to surrounding communities and employment hubs.
U.S. Route 64 also runs in conjunction with U.S. Route 67 and U.S. Route 167 along a nearby divided highway, forming a critical regional corridor that provides efficient access south toward Little Rock and north toward Batesville and Jonesboro.
In terms of public transportation, Searcy offers limited transit infrastructure typical of a smaller regional market, with intercity bus service available via Greyhound, which operates from a local stop along Truman Baker Drive and provides connectivity to broader regional and national destinations.
AREA AMENITIES & DEMAND DRIVERS
Searcy functions as the commercial and employment hub of White County, anchored by major institutions such as Unity Health—the region’s largest employer with more than 2,000 employees—and Harding University, a prominent private university with nearly 5,000 students that generates consistent rental demand from students, faculty, and staff.
Beyond healthcare and education, the local economy is reinforced by a strong industrial and logistics presence, including major employers such as Walmart Distribution, Bryce Corporation, Land O'Frost, and Danfoss, all of which contribute to steady workforce-driven housing demand.
Additionally, Searcy’s location approximately 50 miles from Little Rock allows residents to access a larger metropolitan employment base while maintaining the affordability and lifestyle benefits of a smaller college-oriented community.
UTILITIES
The Landlord is responsible for all utilities at the Property, including gas-powered boiler heat, gas powered hot water, separately metered electricity, and city water & sewer.
DESIRABLE BRICK CONSTRUCTION
The Property features durable brick construction, a highly desirable attribute for multifamily housing that provides long-term structural integrity, fire resistance, and reduced maintenance requirements. Brick construction also delivers superior sound attenuation and thermal efficiency, contributing to lower utility costs and enhanced resident comfort while preserving long-term aesthetic appeal.
OFF-STREET PARKING & AMENITIES
The Property features ample parking with sixty-two (62) off-street parking spaces available.
STRONG RENTAL DEMOGRAPHICS & DEMAND
More than 6,300 people live within 1 mile of the Property with an average household income of $62,223. Over 22,400 people reside within 3 miles of the Property with an average household income of $74,254.
QUALITY OF LIFE AMENITIES
Along the nearby East Market Avenue and Race Avenue corridors, residents benefit from access to a variety of national chain and quick-service dining options, including Whataburger, alongside other common regional and national brands that provide convenient, everyday meal options
Shopping destinations such as Town and Country Shopping Center provide a mix of service-oriented retail and small businesses, while nearby retail stores offer convenient everyday shopping options. Grocery and specialty food needs are supported by local options including Good Measure Market, in addition to nearby national grocery chains located along Searcy’s primary commercial corridors
The city’s position near the Little Red River and the foothills of the Ozark Mountains provides access to outdoor recreation including fishing, boating, and regional parks, further enhancing livability
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