The Reserve at Tontitown | 617 Spallone Blvd
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The Reserve at Tontitown 617 Spallone Blvd 162 Unit Apartment Building For Sale Springdale, AR 72762
INVESTMENT HIGHLIGHTS
- The Reserve at Tontitown sits directly on Highway 412, one of Northwest Arkansas’ most heavily traveled corridors, with over 35,000 VPD.
- The location offers quick access to Springdale, I-49, and key regional employment centers, making it highly desirable for a broad tenant base.
EXECUTIVE SUMMARY
Colliers is pleased to present The Reserve at Tontitown, a 162-unit Class A multifamily community located in the heart of Tontitown, Arkansas, one of the fastest-growing submarkets in Northwest Arkansas. Completed in 2020, the property offers modern construction, a diverse unit mix including duplex-style units with garages, and low-maintenance operations—all in a region experiencing sustained rent growth, population expansion, and high occupancy levels.
With direct frontage along Highway 412, Reserve at Tontitown benefits from 35,000 vehicles per day, exceptional visibility, and easy access to Springdale, I-49, and the broader region. This strategic positioning has contributed to the property’s impressive 99% occupancy.
The surrounding area is anchored by major employers such as Tyson Foods, PAM Transport, J.B. Hunt, and Arkansas Children’s Northwest Hospital, reinforcing long-term demand. Coupled with limited new supply and a market occupancy of 95.2%, Reserve at Tontitown is a compelling opportunity for investors seeking stabilized income and long-term growth in one of Arkansas’s most dynamic markets.
With direct frontage along Highway 412, Reserve at Tontitown benefits from 35,000 vehicles per day, exceptional visibility, and easy access to Springdale, I-49, and the broader region. This strategic positioning has contributed to the property’s impressive 99% occupancy.
The surrounding area is anchored by major employers such as Tyson Foods, PAM Transport, J.B. Hunt, and Arkansas Children’s Northwest Hospital, reinforcing long-term demand. Coupled with limited new supply and a market occupancy of 95.2%, Reserve at Tontitown is a compelling opportunity for investors seeking stabilized income and long-term growth in one of Arkansas’s most dynamic markets.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 11.70 AC |
| No. Units | 162 | Building Size | 205,515 SF |
| Property Type | Multifamily | Average Occupancy | 99% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 2020 |
| Building Class | B | ||
| Zoning | C-2 | ||
| Sale Type | Investment |
| No. Units | 162 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 11.70 AC |
| Building Size | 205,515 SF |
| Average Occupancy | 99% |
| No. Stories | 2 |
| Year Built | 2020 |
| Zoning | C-2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Vaulted Ceiling
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Handrails
- Trash Compactor
- Vinyl Flooring
- Warming Drawer
- Wheelchair Accessible (Rooms)
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Clubhouse
- Fitness Center
- Laundry Facilities
- Playground
- Pool
- Property Manager on Site
- Cabana
- Renters Insurance Program
- Walking/Biking Trails
- Wi-Fi
- Storage Space
- Bicycle Storage
- Hearing Impaired Accessible
- Maintenance on site
- Multi Use Room
- Online Services
- Vision Impaired Accessible
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 48 | - | 720 |
| 2+2 | 60 | - | 852 |
| 3+2 | 54 | - | 1,137 - 1,304 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,806,480 | |
| Land Assessment | $321,120 | Total Assessment | $4,127,600 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$321,120
Improvements Assessment
$3,806,480
Total Assessment
$4,127,600
CONTACTS
-
Ryan Gorman -
Mike Marrara -
David Dirkschneider -
Chris Kennedy -
Micah Highfill -
Colliers
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The Reserve at Tontitown | 617 Spallone Blvd
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