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15-Unit Multifamily Portfolio 3 Duplexes + 3 Triplexes 14 of 15 Leased

Conway, AR (Faulkner County)

Asking Price:$2,499,000

Cash Flow (SDE):Not Disclosed

EBITDA:Not Disclosed

Gross Revenue:$150,000

Real Estate:$2,500,000

Established:1996

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Business Description

On 1.63 acr: Long tenants, below-market rents, room to grow cash flow

Welcome to my listing! Here’s my promise to you: within 20 minutes of your inquiry, an NDA will be in your inbox (please check spam or promotions). Sign it, and you’ll get access to our buyer portal, the single home for all available information on this business and my other 49+ listings. Inside the portal, our AI agent is available 24/7 to answer questions based on everything we know about the business and relevant information gathered through conversations with other buyers. Because I know what it’s like to send ten inquiries and hear back from one. I’m not going to do that to you.
-Natalie

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This 15-unit multifamily portfolio in Conway, Arkansas offers an income-focused buyer a rare combination of long-term tenant stability and embedded rent upside. The property comprises three duplexes and three triplexes on 1.63 acres, with each unit offering 2 bedrooms, 2 bathrooms, a living room, kitchen, and a private garage.

Nearly the entire portfolio is occupied by long-tenured residents, with most tenants in place between 10 and 25 years. Only a single unit is currently vacant, and it is being used for buyer showings. Current rents run modestly below the Conway market average for comparable 2-bedroom units and have been raised gradually and consistently over time, pointing to further upside as leases turn over.

The vacant unit and the pattern of below-market rents represent a clear, documented path to increased cash flow without any capital improvements required. Conway is a growing market, up roughly 15% in population since the 2020 census, anchored by three colleges and universities that support a durable renter base.

Ownership will provide a documented rent roll reflecting the tenancy and rent history of every unit, giving a buyer full visibility into the income stream from day one.

The seller separately controls adjacent land near the property - a 0.79-acre parcel and a 24-lot assemblage - offering an interested buyer additional expansion or development optionality. These parcels are available separately and are not included in this asking price.

Contact us today to learn more about this opportunity and request additional information.

Ad#:2533564

Detailed Information

Facilities:

Approximately 14,508 sq ft under roof across three duplexes and three triplexes on 1.63 acres (roughly $166,700 per unit at the current asking price). Each unit offers 2 bedrooms, 2 bathrooms, a living room, kitchen, and a private garage. The portfolio is nearly fully occupied, with long-tenured residents typically in place 10-25 years. An adjacent 0.79-acre parcel ($220,000) and a 24-lot assemblage nearby ($900,000) are available separately from the same seller. (Home Based)

Competition:

US apartment investment volume reached $165.5B in 2025 (up 9.4% year-over-year), with cap rates averaging 5.7% nationally and small multifamily assets often trending 6.0-7.2%. Conway, AR (pop. ~70,700, growing ~2.3%/yr) is a college-anchored market (UCA, Hendrix, Central Baptist) with a renter-majority housing stock (56%) and comparable 2-bedroom rents of $930-$980/month. This portfolio's long tenant tenure and below-market rents offer downside protection with a clear upside path versus typical market-rate turnover risk.

Growth & Expansion:

The single vacant unit and below-market rents on the remaining 14 units create an immediate, documented path to higher cash flow with no capital improvements required. Conway's growing, renter-majority population supports continued demand. The seller also controls adjacent land nearby (a 0.79-acre parcel and a 24-lot assemblage), available separately, offering a buyer potential expansion or development optionality beyond this portfolio.

Financing:

Seller financing available

Support & Training:

Current ownership will provide a documented rent roll covering every unit's tenancy and rent history, giving a buyer full visibility into the income stream from closing. Most tenants have remained in place 10-25 years, reflecting a stable, low-turnover tenant base.

Home-Based:

This business is currently Home-Based

Business Location

Location:: Conway, AR
Real Estate:: Owned; Included in asking price

Listing Statistics: Click here to access

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Business Listed By:
Exit Advisors Exit Advisors

Ad#:2533564

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
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