101 S Locust St Searcy, AR 72143
Searcy AreaEstimated payment $5,827/month
Highlights
- Traditional Architecture
- Corner Lot
- Partially Fenced Property
- Southwest Middle School Rated A-
- Tile Flooring
About This Home
Excellent investment opportunity just one block from Downtown Searcy and only minutes from Harding University! This 16-unit multifamily property features all one-bedroom, one-bath apartments averaging approximately 530 square feet each. The property is currently 100% occupied, with rents ranging from $450 to $625 per month and current scheduled rents totaling $8,950 per month ($107,400 annualized). Recent leases reflect rents as high as $625 per month, offering continued potential as leases turn over. With a convenient location near downtown, Harding University, shopping, dining, and other Searcy amenities, this is a great opportunity to add an established, income-producing multifamily property to your portfolio. See Agent Remarks for additional financial information.
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $2,000
Year Built
- Built in 1980
Lot Details
- 14,810 Sq Ft Lot
- Partially Fenced Property
- Corner Lot
- Level Lot
Parking
- Parking Pad
Home Design
- Traditional Architecture
- Slab Foundation
- Frame Construction
- Architectural Shingle Roof
Interior Spaces
- 8,568 Sq Ft Home
- 2-Story Property
- Electric Range
Flooring
- Tile
- Vinyl
Utilities
- Window Unit Cooling System
- Window Unit Heating System
Community Details
- 16 Units
Map
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,890 | $46,550 | $4,440 | $42,110 |
| 2024 | $1,890 | $46,550 | $4,440 | $42,110 |
| 2023 | $1,890 | $46,550 | $4,440 | $42,110 |
| 2022 | $1,890 | $46,550 | $4,440 | $42,110 |
| 2021 | $1,890 | $46,550 | $4,440 | $42,110 |
| 2020 | $2,170 | $53,440 | $4,440 | $49,000 |
| 2019 | $2,170 | $53,440 | $4,440 | $49,000 |
| 2018 | $2,170 | $53,440 | $4,440 | $49,000 |
| 2017 | $2,137 | $53,440 | $4,440 | $49,000 |
| 2016 | $2,137 | $52,630 | $4,440 | $48,190 |
| 2015 | $1,943 | $47,850 | $3,400 | $44,450 |
| 2014 | $1,943 | $47,850 | $3,400 | $44,450 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/13/2026 09/13/26 | For Sale | $995,000 | +14.5% | $116 / Sq Ft | |
| 06/24/2026 06/24/26 | Sold | $869,000 | -3.3% | $101 / Sq Ft | View Prior Sale |
| 04/20/2026 04/20/26 | For Sale | $899,000 | +28.4% | $105 / Sq Ft | |
| 04/14/2023 04/14/23 | Sold | $700,000 | -12.5% | $82 / Sq Ft | View Prior Sale |
| 02/02/2023 02/02/23 | Pending | -- | -- | -- | |
| 01/25/2023 01/25/23 | For Sale | $800,000 | -- | $93 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $869,000 | White County Title | |
| Warranty Deed | $700,000 | Professional Land Title | |
| Warranty Deed | $90,000 | None Available | |
| Warranty Deed | $90,000 | None Available | |
| Deed | $90,000 | None Available | |
| Deed | -- | -- | |
| Warranty Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $738,650 | New Conventional | |
| Previous Owner | $419,588 | New Conventional | |
| Previous Owner | $680,000 | New Conventional | |
| Previous Owner | $544,000 | New Conventional | |
| Previous Owner | $22,500 | New Conventional | |
| Previous Owner | $16,615 | Unknown |
Source: Cooperative Arkansas REALTORS® MLS
MLS Number: 26037374
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