$2,575,000
SOLD JUN 26, 2025

405 River Rd Redfield, AR 72132

-- Bed
-- Bath
270,943 Sq Ft
6.22 Acres

Recently Sold

$10 Per Sq Ft

0 Day on Market

Highlights

  • Traditional Architecture
  • Luxury Vinyl Tile Flooring
  • Level Lot
  • Resident Manager or Management On Site
  • Central Air

About This Home

As of June 2025

40 Unit Apartment complex fully occupied and has recently undergone extensive renovations including a new roof on all buildings, 16-unit renovations, and so much more.

Last Agent to Sell the Property

Spencer Thomas

RE/MAX Elite Conway Branch Listed on: 05/16/2025

RE/MAX Elite Conway Branch

Last Buyer's Agent

Spencer Thomas

RE/MAX Elite Conway Branch Listed on: 05/16/2025

RE/MAX Elite Conway Branch

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $13,000

Year Built

  • Built in 1985

Lot Details

  • 6.22 Acre Lot
  • Level Lot

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Architectural Shingle Roof

Interior Spaces

  • 270,943 Sq Ft Home
  • 3-Story Property
  • Stove

Flooring

  • Carpet
  • Luxury Vinyl Tile
  • Vinyl

Utilities

  • Central Air
  • Phone Available

Community Details

  • 40 Units
  • Resident Manager or Management On Site

Property Details

Home Type

Apartment

Est. Annual Taxes

$13,000

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Style: Traditional
  • Inside City Limits: Yes
  • LVT Date: 06/27/2025
  • Road Surface: Paved
  • Street Designation: Road
  • Type: Apartments
  • Zoning: Commercial
  • Source Of Sq Ft: Tax Records
  • Estimated Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1985

Interior Features

  • Floors: Vinyl, Wall-To-Wall Carpet, Luxury Vinyl
  • Foundation: Slab
  • Stories: Three Story
  • Kitchen Equipment: Free-Standing Stove

Exterior Features

  • Roof: Architectural Shingle

Utilities

  • Utilities: Electric-Municipal, Telephone-Private
  • Heating And Air Cond: Central Cool-Electric

Lot Info

  • Estimated Lot Size: 6.22
  • Estimated Lot Size: 6.22
  • Lot: Level
  • Geo Subdivision: AR

Multi Family

  • Tenant Expenses: All Utilities
  • Maximum Rent One Bedroom: 700
  • Maximum Rent Two Bedroom: 850
  • Minimum Rent One Bedroom: 600
  • Minimum Rent Two Bedroom: 750
  • Number Of One Bedroom Units: 16
  • Number Of Two Bedroom Units: 24
  • Number Units: 40

Tax Info

  • Annual Taxes: 13000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 26, 1984
Bought by
Redfield Villas Ltd Partnrship
Current Estimated Value
$180,725
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/26/2025 06/26/25 Sold $2,575,000 0.0% $10 / Sq Ft
05/16/2025 05/16/25 Pending -- -- --
05/16/2025 05/16/25 For Sale $2,575,000 -- $10 / Sq Ft
Source: Cooperative Arkansas REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

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 $12,940 $228,020 $21,140 $206,880
2024 $12,940 $228,020 $21,140 $206,880
2023 $12,233 $228,020 $21,140 $206,880
2022 $11,121 $195,960 $20,080 $175,880
2021 $11,121 $195,960 $20,080 $175,880
2020 $11,121 $195,960 $20,080 $175,880
2019 $10,552 $195,960 $20,080 $175,880
2018 $10,552 $195,960 $20,080 $175,880
2017 $9,948 $184,730 $7,460 $177,270
2016 $9,948 $184,730 $7,460 $177,270
2015 $9,902 $184,730 $7,460 $177,270
2014 -- $184,730 $7,460 $177,270
Source: Public Records

Agents Affiliated with this Home

  • Spencer Thomas

    Seller's Agent in 2025

    Spencer Thomas

    RE/MAX

    (501) 908-1374

    28 Total Sales

    Spencer Thomas
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Map

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 25025420

Cooperative Arkansas REALTORS® MLS

APN: 940-01798-000

Arkansas Jefferson County Redfield 72132

405 River Rd, Redfield, AR

Sold

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Cooperative Arkansas REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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