Active

$995,000

101 S Locust St, Searcy, AR 72143

--beds

--baths

8,568sqft

$6,415/mo

Get pre-qualified

Apartment

Built in 1980

-- sqft lot

$-- Zestimate^®

$116/sqft

$-- HOA

What's special

All one-bedroom one-bath apartments

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.

2 days
100
7

Facts & features

Interior

Cooling

Window Unit(s)

Appliances

Included: Electric Range, Refrigerator

Features

Flooring: Tile, Vinyl

Interior area

Total structure area: 8,568
Total interior livable area: 8,568 sqft

Property

Parking

Parking features: Parking Pad

Features

Levels: Two
Fencing: Partial

Lot

Size: 0.34 Acres
Dimensions: 100 x 100
Features: Level, Corner Lot

Details

Parcel number: 01600119000
Zoning: Commerical

Construction

Type & style

Home type: MultiFamily
Architectural style: Traditional
Property subtype: Apartment

Materials

Frame
Foundation: Slab
Roof: Shingle

Condition

New construction: No
Year built: 1980

Utilities & green energy

Electric: Electric-Municipal
Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: Searcy Original

Location

Region: Searcy

Financial & listing details

Price per square foot: $116/sqft
Tax assessed value: $232,750
Annual tax amount: $2,000
Date on market: 9/13/2026
Lease term: Month To Month
Tenant pays: Cable TV, Electricity
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

$1,033/mo

Price history

Date	Event	Price
9/13/2026	Listed for sale	$995,000+14.5%$116/sqft
Source: CARMLS #26037374 Report a problem
6/24/2026	Sold	$869,000-3.3%$101/sqft
Source: CARMLS #26015714 Report a problem
4/20/2026	Listed for sale	$899,000+28.4%$105/sqft
Source: CARMLS #26015714 Report a problem
4/14/2023	Sold	$700,000-12.5%$82/sqft
Source: CARMLS #23002638 Report a problem
2/2/2023	Contingent	$800,000$93/sqft
Source: CARMLS #23002638 Report a problem
1/26/2023	Listed for sale	$800,000+788.9%$93/sqft
Source: CARMLS #23002638 Report a problem
6/8/2020	Listing removed	$375
Source: Morning Sun Properties LLC Report a problem
5/31/2020	Listed for rent	$375
Source: Morning Sun Properties LLC Report a problem
3/23/2020	Listing removed	$375
Source: Morning Sun Properties LLC Report a problem
12/23/2019	Listed for rent	$375
Source: Morning Sun Properties LLC Report a problem
6/16/2019	Listing removed	$375
Source: Morning Sun Properties LLC Report a problem
5/16/2019	Listed for rent	$375+7.1%
Source: Morning Sun Properties LLC Report a problem
4/16/2018	Listing removed	$350
Source: Morning Sun Properties LLC Report a problem
3/17/2018	Listed for rent	$350
Source: Morning Sun Properties LLC Report a problem
2/5/2018	Listing removed	$350
Source: Morning Sun Properties LLC Report a problem
1/6/2018	Listed for rent	$350
Source: Zillow Rental Manager Report a problem
6/17/2014	Sold	$90,000$11/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,890	$46,550
2024	$1,890	$46,550
2023	$1,890	$46,550
2022	$1,890	$46,550
2021	$1,890 -12.9%	$46,550 -12.9%
2020	$2,170	$53,440
2019	$2,170	$53,440
2018	$2,170 +1.5%	$53,440
2017	$2,137	$53,440 +1.5%
2016	$2,137 +10%	$52,630 +10%
2015	$1,943	$47,850
2014	$1,943	$47,850
2013	$1,943	$47,850
2011	--	$47,850