96 School Street Charleston, AR $ 2,195,000
96 School Street
$ 2,195,000
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96 School Street

Charleston, AR, 72933
$ 2,195,000
Baths0.0 Sq 11,000

Monthly Estimate*

$ 13,859

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Studio

Multi-Family Home for sale in Charleston, AR

for $2,195,000. This 11,000 square foot home was built in 2021 on a lot size of 1.39.

Rarely does a multi-family package of this caliber and consistency become available in the River Valley. This high-performing portfolio in Charleston, AR, features 11 meticulously maintained units across four duplexes and one triplex. Every unit in the portfolio commands a strong market rent of $1,295/month, providing a stable Gross Annual Income of $170,940 The Assets: 4 Duplexes (8 - 1,000 sq/ft Units): Modern construction built in 2021, spacious layouts, and high tenant retention. 1 Triplex (3- 1,000/sq/fr Units): Centrally located and upon completion (2026) are expected to fill immediately at $1,295 per unit. Expansion Potential: The sale includes 2 build-ready lots that the developer will start building 1,000/sqft cottages on in 2027 plus a third lot capable of housing an additional 4 units. This allows the savvy investor to scale the portfolio immediately using existing infrastructure. This is a turnkey operation from day one. The owner currently provides water and high-speed internet, a strategy that has secured a 100% occupancy rate and a waitlist of prospective tenants. Charleston’s growing demand for quality housing and its top-tier school district make this a "legacy" asset for any portfolio. Whether you are looking for stable cash flow or a strategic "buy and build" project, this package offers the best of both worlds. Financials and rent rolls are available upon request to qualified buyers.

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Multi-Family Active

Price

$ 2,195,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 6,182

Style

Lot Size

1.39

Year Built

2021

Town/City

Charleston

County/Region

Franklin

MLS | Web ID

1091576

Features
General
Heating Central Electric
Cooling Central Air
Roof Architectural Shingle
Appliances Dryer Dishwasher Electric Water Heater Microwave Hood Fan Microwave Range Refrigerator Washer
Patio/Porch Features Patio
Security Features Smoke Detector(s)
Construction Materials Brick Vinyl Siding
Year Built 2021
Stories Count 1
Levels One Two
Property Subtype Other
Gross Income 124320
Community Features Near Schools Shopping
Additional Parcels Description 008-00546-0033 thru 008-00546-039 and 008-00553-001
County Franklin
Operating Expense 30333
Property Type Residential
Subdivision Name Maplewood
Facing Direction South
Garage Y/N false
Special Listing Conditions None
Status Active
Directions Hwy 22 to Charleston turn onto North School Street (behind Casey's) and 96 N. School St. is on the right. All units and vacant lots are included in the offering.
High School Charleston
City Charleston
Disclosures Covenants/Restrictions Disclosure
High School District Charleston
Zoning Description Residential
Number Of Units Total 0
Lot Size Units Acres
Carport Y/N false
Elementary School Charleston
Tax Annual Amount 6182
Middle/Junior High School Charleston
Lease Considered Y/N true
Virtual Tour https://www.propertypanorama.com/96-School-Street-Charleston-AR-72933/unbranded
Standard Status Active
Middle/Junior School District Charleston
Elementary School District Charleston
Tax Lot 19-26
Property Sub Type Additional Multi Family Other
Legal Description Lots 19-26 Maplewood Charleston Franklin County
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Interior
Interior Amenities Ceiling Fan(s) Eat-in Kitchen Granite Counters
Flooring Vinyl
Air Conditioning Y/N true
Heating Y/N true
Window Features Vinyl Blinds
Laundry Features Electric Dryer Hookup Washer Hookup Dryer Hookup
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Exterior
Exterior Amenities Concrete Driveway
Fencing None
Parking Features Parking Lot
Lot Features Central Business District Cul-De-Sac City Lot Level
Lot Size Area 1.39
Foundation Details Slab
Lot Dimensions Irregular
Lot Size Acres 1.39
Road Surface Type Paved
Covered Spaces 0
Road Responsibility Public Maintained Road
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* Excluded Features
List By
Keller Williams Platinum Realty

Broker

ibison@kw.com

Email

Affordability Calculator

$14,375
Per Month
96%
4%
0%
Monthly Principal & Interest
$13,859
Monthly Property Taxes
$515
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4647919 Elementary School
2624106 Middle School
Charleston High School High School
Pricing History
DatePricePrice ChangeDescription
9/4/2026$2,195,000 Listed Price

Map


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96 School Street, Charleston, AR, 72933 is a Multi-Family Home for sale at $2,195,000 with 11,000 sqft and a lot size of 1.39. 96 School Street is a studio with 0.0 baths and was built in 2021. The property's zip code is 72933 which is in Charleston, AR