Active

$2,200,000

707 E Maryland Ave, Sherwood, AR 72120

--beds

--baths

13,718sqft

$13,589/mo

Get pre-qualified

Apartment

Built in 1985

-- sqft lot

$-- Zestimate^®

$160/sqft

$-- HOA

What's special

In-unit washers and dryers

Multifamily investment opportunity consisting of 18 townhome units plus an additional single-family residence. The townhome community features eighteen 2 bedroom, 1.5 bath units, each equipped with in-unit washers and dryers. The property also includes a separate 3 bedroom, 2 bath single-family home, providing additional rental income or on-site management housing. The property has been well maintained, including a new roof installed in 2026. The property is operating at a 7.18% cap rate based on current financials. With a desirable unit mix, strong rental demand, and multiple income streams, this is a solid investment opportunity for multifamily investors seeking stable cash flow and long-term value.

62 days
116
11

Facts & features

Interior

Heating

Natural Gas

Cooling

Electric

Appliances

Included: Built-In Range, Electric Range, Dishwasher, Washer, Dryer
Laundry: Washer Hookup, Electric Dryer Hookup

Features

All Units
Flooring: Tile, Luxury Vinyl

Interior area

Total structure area: 13,718
Total interior livable area: 13,718 sqft

Property

Parking

Total spaces: 4
Parking features: Carport, Parking Pad, Four Car or More
Has carport: Yes

Features

Levels: Two
Exterior features: Rain Gutters

Lot

Size: 1.1 Acres
Dimensions: 149 x 302
Features: Level, Corner Lot

Details

Parcel number: 22S0010009300
Zoning: Residentia

Construction

Type & style

Home type: MultiFamily
Property subtype: Apartment

Materials

Brick
Foundation: Crawl Space, Slab
Roof: Composition

Condition

New construction: No
Year built: 1985

Utilities & green energy

Electric: Electric-Municipal
Gas: Gas-Natural
Sewer: Public Sewer
Water: Public
Utilities for property: Natural Gas Connected

Community & HOA

Community

Features: Pool, Tennis Court(s), Playground, Picnic Area, Golf, Fitness/Bike Trail
Subdivision: Spring Grove

Location

Region: Sherwood

Financial & listing details

Price per square foot: $160/sqft
Tax assessed value: $318,000
Annual tax amount: $12,815
Date on market: 6/29/2026
Tenant pays: All Utilities
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/29/2026	Listed for sale	$2,200,000$160/sqft
Source: CARMLS #26026228 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,842 +1.3%	$63,600
2024	$3,794 +0.7%	$63,600
2023	$3,766 +0.3%	$63,600
2022	$3,753 +12.8%	$63,600 +12.7%
2021	$3,327 +6.3%	$56,420 0%
2020	$3,132 +6.7%	$56,430
2019	$2,936 +7.2%	$56,430
2018	$2,740 +9.2%	$56,430
2017	$2,509	$56,430 +50%
2016	$2,509 +31.3%	$37,620
2015	$1,911 -30%	$37,620 -30%
2014	$2,730 -8.6%	$53,740 -8.6%
2013	$2,986	$58,780 -33.9%
2012	--	$88,930 +66.4%
2011	--	$53,440
2010	--	$53,440
2009	--	$53,440
2008	--	$53,440
2007	--	$53,440