59 Units - Arkansas Multifamily 4 Properties Offered at $5,100,000 in Paragould, AR

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, such as on-site management
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: Vacant former laundry structure offers clear path to creating a 60th unit or additional revenue center, plus NOI improvement through increasing rents to market rates
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. Drive-bys encouraged. No interior showings will occur without an accepted offer and a proof of qualification for buyer.
**No creative financing offers will be considered. Seller will be participating in a 1031 exchange at no cost to the buyer.
*** Seller is offering 2% of sales price to a buyer's agent.