Income-producing multi-family property in the heart of Conway! Could utilize space as approximately eight apartments. This unique investment opportunity features multiple residential units totaling approximately 5,187 square feet on a 0.32-acre lot. Conveniently located near downtown Conway, the University of Central Arkansas, shopping, dining, and major employment centers, this property offers strong rental demand and excellent cash-flow potential. The versatile floor plan provides multiple living spaces, ample parking, and the flexibility for long-term rentals, student housing, or workforce housing. Bathtubs are currently sheet rocked over due to use as a daycare. Owner is willing to uncover and put back to full bathrooms. Could be used for office space as well. Historic character combined with investment potential makes this an excellent addition to any real estate portfolio. In years past is was a Fraternity house and most recently a daycare. Whether you’re a seasoned investor or looking to expand your rental holdings, this property offers a rare opportunity in one of Central Arkansas’s most desirable rental markets.
Active
Price cut: $90K (7/28)
$495,000
2012 Martin St, Conway, AR 72034
--beds
--baths
5,187sqft
Quadruplex
Built in 1938
-- sqft lot
$-- Zestimate®
$95/sqft
$-- HOA
What's special
Ample parking
- 59 days |
- 221 |
- 8 |
Zillow last checked:
Listing updated:
Listed by:
Jennifer R Williams 901-335-5865,
Century 21 United 501-223-2521
Source: CARMLS,MLS#: 26024396
Facts & features
Interior
Heating
- Natural Gas, Zoned
Cooling
- Electric
Appliances
- Included: Built-In Range, Free-Standing Range, Microwave, Electric Range, Dishwasher, Disposal, Plumbed For Ice Maker, Exhaust Fan, Gas Water Heater
- Laundry: Washer Hookup, Electric Dryer Hookup
Features
- Pantry, Sheet Rock
- Flooring: Laminate
- Doors: Insulated Doors
- Windows: Insulated Windows
- Has fireplace: Yes
- Fireplace features: Wood Burning
Interior area
- Total structure area: 5,187
- Total interior livable area: 5,187 sqft
Property
Parking
- Parking features: Parking Pad, Other
Features
- Levels: Three Story
- Patio & porch: Porch
- Fencing: Full,Wood
Lot
- Size: 0.32 Acres
- Features: Level, Subdivided
Details
- Parcel number: 71000926000
- Zoning: Multi Fami
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Craftsman
- Property subtype: Quadruplex
Materials
- Metal/Vinyl Siding
- Foundation: Crawl Space
- Roof: Shingle
Condition
- New construction: No
- Year built: 1938
Utilities & green energy
- Electric: Electric-Municipal
- Gas: Gas-Natural
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Connected, Cable Connected, Underground Utilities
Green energy
- Energy efficient items: Doors
Community & HOA
Community
- Features: Manager Apartment
- Security: Smoke Detector(s)
- Subdivision: Boulevard
Location
- Region: Conway
Financial & listing details
- Price per square foot: $95/sqft
- Tax assessed value: $609,450
- Annual tax amount: $4,479
- Date on market: 6/17/2026
- Listing terms: Conventional,Cash
- Tenant pays: All Utilities
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,230/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/28/2026 | Price change | $495,000-15.4%$95/sqft |
Source:  CARMLS #26024396 Report a problem | ||
| 7/14/2026 | Price change | $585,000-22%$113/sqft |
Source: CARMLS #26024396 Report a problem | ||
| 6/17/2026 | Listed for sale | $750,000+74999900%$145/sqft |
Source: CARMLS #26024396 Report a problem | ||
| 5/10/2013 | Sold | $1-100% |
Source: Agent Provided Report a problem | ||
| 7/29/2004 | Sold | $335,000$65/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,480 +9.1% | $88,530 +9.1% |
| 2024 | $4,106 +10% | $81,150 +10% |
| 2023 | $3,733 +5.8% | $73,770 +5.8% |
| 2022 | $3,527 +9.1% | $69,710 +9.1% |
| 2021 | $3,233 +10% | $63,900 +10% |
| 2020 | $2,939 | $58,090 |
| 2019 | $2,939 | $58,090 |
| 2018 | $2,939 | $58,090 |
| 2017 | $2,939 | $58,090 |
| 2016 | $2,939 | $58,090 -0.9% |
| 2015 | $2,939 -0.9% | $58,610 |
| 2014 | $2,966 +2.2% | $58,610 |
| 2013 | $2,901 | $58,610 |
| 2012 | -- | $58,610 |
| 2011 | -- | $58,610 -14.1% |
| 2010 | -- | $68,230 |
| 2009 | -- | $68,230 +9.5% |
| 2008 | -- | $62,320 |
| 2007 | -- | $62,320 |
| 2006 | -- | $62,320 +33.6% |
| 2005 | -- | $46,660 |
| 2004 | -- | $46,660 +10.4% |
| 2003 | -- | $42,260 +1.3% |
| 2002 | -- | $41,700 |
| 2001 | -- | $41,700 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 72034
Nearby schools
GreatSchools rating
- 7/10Carl Stuart Middle SchoolGrades: 5-7Distance: 1 mi
- 6/10Conway High WestGrades: 10-12Distance: 0.9 mi
- 9/10Conway Junior High SchoolGrades: 8-9Distance: 0.7 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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