Flats on Hill is a 14-unit apartment complex master leased by the University of Arkansas, guaranteeing 100% occupied income for the next three years. Located on the southern edge of U of A campus, the Flats are surrounded by the newest and nicest student housing developments and is just blocks away from Dickson Street, the Downtown Square, and the Frisco Trail. Zoned Downtown General (DG), there are endless redevelopment opportunities for the property, as well as significant upside in renovating the existing units. The Flats presents buyers with a unique opportunity to realize guaranteed cashflow for three years before redeveloping or renovating the property upon expiration of the master lease. Listed in conjunction with 1212 S Dunn MLS# 1347224.
For sale
Price cut: $200K (6/10)
$2,600,000
8 & 12 S Hill Ave, Fayetteville, AR 72701
--beds
--baths
11,274sqft
Multi Family, Apartment
Built in 1967
-- sqft lot
$-- Zestimate®
$231/sqft
$-- HOA
What's special
- 96 days |
- 289 |
- 15 |
Zillow last checked:
Listing updated:
Listed by:
Samuel Hewitt corey.allen@colliers.com,
GREA-Global Realtor Estate Advisors Branch 479-231-7833
Source: ArkansasOne MLS,MLS#: 1347279
Originating MLS: Northwest Arkansas Board of REALTORS MLS
Originating MLS: Northwest Arkansas Board of REALTORS MLSFacts & features
Interior
Heating
- Central
Cooling
- Central Air, Electric
Appliances
- Included: Electric Oven, Electric Range, Electric Water Heater, Disposal, Refrigerator
Features
- Flooring: Carpet, Luxury Vinyl Plank
- Windows: Metal
- Has basement: No
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 11,274
- Total interior livable area: 11,274 sqft
Video & virtual tour
Property
Parking
- Parking features: Parking Lot
Features
- Levels: Two
- Stories: 2
- Patio & porch: None
- Exterior features: Concrete Driveway
- Fencing: None
Lot
- Size: 0.67 Acres
- Features: Cleared
Details
- Parcel number: 76509771000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Brick
- Foundation: Slab
- Roof: Metal
Condition
- New construction: No
- Year built: 1967
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Sewer Available, Water Available
Community & HOA
Community
- Features: Biking, Near Schools, Shopping, Trails/Paths
- Security: Smoke Detector(s)
- Subdivision: Putman
HOA
- Has HOA: No
Location
- Region: Fayetteville
Financial & listing details
- Price per square foot: $231/sqft
- Annual tax amount: $11,403
- Date on market: 5/13/2026
- Cumulative days on market: 96 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/10/2026 | Price change | $2,600,000-7.1%$231/sqft |
Source:  ArkansasOne MLS #1347279 Report a problem | ||
| 5/13/2026 | Listed for sale | $2,800,000+49.6%$248/sqft |
Source: ArkansasOne MLS #1347279 Report a problem | ||
| 8/6/2021 | Sold | $1,872,000-14.5%$166/sqft |
Source: ArkansasOne MLS #1184935 Report a problem | ||
| 6/13/2021 | Pending sale | $2,190,000$194/sqft |
Source: ArkansasOne MLS #1184935 Report a problem | ||
| 5/24/2021 | Listed for sale | $2,190,000$194/sqft |
Source: ArkansasOne MLS #1184935 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 72701
Nearby schools
GreatSchools rating
- 9/10Leverett Elementary SchoolGrades: PK-4Distance: 0.9 mi
- 7/10Ramay Junior High SchoolGrades: 7-8Distance: 1.2 mi
- 7/10Fayetteville High School EastGrades: 9-12Distance: 0.4 mi
Schools provided by the listing agent
- District: Fayetteville
Source: ArkansasOne MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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