1000 Walnut, Newport, AR 72112

Newport
Local realty services provided by:ERA TEAM Real Estate
1000 Walnut,Newport, AR 72112
$199,900
  • - Beds
  • - Baths
  • 2,656 sq. ft.
  • Multi-family
  • Active
Listed by: dustin turner
Office: exp realty
MLS#:26033861
Source:AR_CARMLS

Price summary

  • Price:$199,900
  • Price per sq. ft.:$75.26

About this home

Unique opportunity to acquire a 10-unit apartment building with significant rental upside and an attractive value-add profile. The property features a unique and efficient unit mix, with 2-bedroom, 1-bath units and eight individual rooms for rent. The property is currently generating $3,045 per month in rental income, while the projected rent roll at full occupancy is approximately $4,840 per month - representing $1,795 per month in additional potential rental income, or approximately $21,540 in annual upside. With multiple units and a diversified tenant mix, the property offers an investor an opportunity to increase cash flow through lease-up and rental-rate optimization. The existing configuration provides a broad range of housing options, from larger 2-bedroom units to more affordable 1-bedroom spaces. Whether you're an experienced multifamily investor, looking for a house hack, or looking to add your first apartment asset to your apartment asset to your portfolio, this property...

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Home facts

  • Year built:1940
  • Subdivision & Development:Park Place
  • Listing ID #:26033861
  • Added:69 day(s) ago
  • Updated:October 27, 2026 at 04:16 PM

Rooms and interior

  • Flooring:Tile, Wood
  • Living area:2,656 sq. ft.

Structure and exterior

  • Year built:1940
  • Building area:2,656 sq. ft.
  • Lot area:0.12 Acres
  • Lot Features:Level
  • Architectural Style:Traditional
  • Construction Materials:Stone
  • Foundation Description:Slab
  • Levels:2 Stories

Utilities

  • Water:Water-Public
  • Sewer:Sewer-Public

Finances and disclosures

  • Price:$199,900
  • Price per sq. ft.:$75.26
  • Tax amount:$696

Features and amenities

  • Amenities:Manager Apartment

Parking

  • Parking description:Parking Pads

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