REO Sale: 108-unit Value-Add Multifamily Opportunity | Russellville, AR

*Tours are available, by appointment only, on Monday, October 27th and Tuesday, October 28th.  Please contact Claire Schmeltekopf at 254-744-5636 or clarie@edge-cm.com to schedule. Please do not arrive unannounced, nor disturb tenants.

Investment Highlights

• Prime Value-Add Opportunity: Vista Place Apartments presents a compelling repositioning opportunity with current occupancy at just 19.3%, offering investors a clean slate to transform the asset into a high-performing multifamily community in a growing Arkansas market.
• Unique Unit Configuration: As the only property in Russellville offering four-bedroom, four-bathroom layouts, Vista Place stands out in the market and appeals to both student and non-student renters seeking larger living spaces.
• Modern Construction in a Vintage Market: Built in 2008, Vista Place is significantly newer than most competing properties in the area, where the majority of multifamily inventory was constructed before 2000.
• Strong Rent Growth Potential: Pro forma rents of $1,884 per unit ($1.57/SF) suggest meaningful upside compared to older, lower-rent properties nearby, especially following interior upgrades and operational improvements.
• Amenity-Rich Environment: Residents benefit from a full suite of amenities including a clubhouse, pool, fitness center, tanning bed, barbecue/picnic area, and game room — supporting retention and lease-up velocity.
• Strategic Location Near Demand Drivers: Located just 1.5 miles from Arkansas Tech University (9,400+ students) and near major employers such as Arkansas Nuclear One and 48 manufacturers employing over 8,000 people.
• Favorable Market Dynamics: Russellville’s population is projected to grow nearly 4.5% by 2029, supported by a diverse economy, low cost of living, and continued in-migration — all contributing to long-term multifamily demand.

Offering Summary

Edge Capital Markets and RI Marketplace are pleased to present Vista Place Apartments, a 108-unit, 129,600-square-foot multifamily community located in the growing city of Russellville, Arkansas. Built in 2008, the property features durable wood siding construction and sits on 7.5 acres, offering a substantial footprint for a strategic value-add program or repositioning initiative.

Currently 19.3% occupied, Vista Place represents a rare opportunity to acquire a newer asset in a market dominated by older inventory. With the only four-bedroom/four-bathroom layouts in the area, the property is uniquely positioned to attract both student and conventional renters. Nearby renovated properties are achieving higher rents, and strong demographic trends indicate demand for quality housing in this location.

The property benefits from proximity to Arkansas Tech University, major employers, and recreational amenities such as Lake Dardanelle State Park. Combined with favorable submarket fundamentals and the city’s projected growth, Vista Place offers investors significant upside potential through targeted capital investment and operational optimization.