404 W Matthews Avenue Brookland, AR 72417

Multi-Family (2-4 Units) MLS #: 10119516 Courtesy Of COLDWELL BANK VILLAGE COMMUNITIES

$5,990,000

1,840 sq ft
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Est. Property Tax: $2,024
Estimated monthly payments: $26,353/mo.* (recalculate)

Property InformationDescription

Presenting The Wager Place Apartment Complex, an exceptional investment opportunity located at 404 W Matthews Street in Brookland, AR. This newly constructed luxury apartment complex is perfectly positioned to offer a high-return, low-maintenance investment in one of Northeast Arkansas's fastest-growing areas. Comprised of thirty 2-bedroom, 2-bathroom units across 15 beautifully designed duplex buildings, this property spans over 4.5+/- acres. Each unit showcases premium features, including elegant all-brick exteriors and durable 30-year architectural shingles. Inside, residents will enjoy the comfort and convenience of waterproof flooring, all-electric appliances, and a washer, dryer, and refrigerator included in every unit. These thoughtful design choices provide a luxurious and hassle-free living experience, ensuring strong tenant appeal. Strategically located, The Wager Place offers unparalleled accessibility. Situated less than 5 minutes from the northeastern entrance of Jonesboro and under 10 minutes from the southern entrance of Paragould, this property connects residents to two key economic hubs in the region. Jonesboro serves as a vibrant economic center and is home to Arkansas State University (ASU), St. Bernard's Healthcare, and NEA Baptist Health System. Its diverse economy thrives on healthcare, education, manufacturing, and retail industries. Significant developments, including expansions at ASU, Downtown Jonesboro, and Greensborough Village, further highlight the city's growth and economic vitality. To the north, Paragould offers its own economic strengths, with top employers such as E.C. Barton & Company and Greene County Tech School District contributing to its stability. Its strategic location along major transportation routes and proximity to Jonesboro enhances its role as a key player in the region's economy. For investors seeking a prime, low-maintenance asset in a dynamic and growing area, The Wager Place Apartment Complex offers a unique opportunity to capitalize on Brookland's increasing demand for quality housing and its proximity to thriving economic centers.

Features

  • Amenities: Dock, Patio, Ceiling Fan
  • Architecture Style: Other
  • Exterior Type: Brick
  • Heating System: Central Furnace
  • Lot Size: 4.49 Acres

MAP & DIRECTIONS

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404 W Matthews Avenue, Brookland, AR 72417
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School Information

404 W Matthews Avenue, Brookland, AR 72417

Elementary School
Grades PK-2 | Public School
BROOKLAND ELEMENTARY SCHOOL
Brookland, AR 72417
220 N Oak St
870.­932.2080
Distance: 2.9 mi
Student:Teacher Ratio
17:1
Total Students
841
Elementary School
Grades 3-6 | Public School
BROOKLAND MIDDLE SCHOOL
Brookland, AR 72417
100 W School St
870.­932.2080
Distance: 3.1 mi
School Rating
C
Student:Teacher Ratio
18:1
Total Students
866
Middle School
Grades 7-9 | Public School
BROOKLAND JUNIOR HIGH SCHOOL
Brookland, AR 72417
100 W School St
870.­932.8610
Distance: 3.0 mi
School Rating
C+
Student:Teacher Ratio
13:1
Total Students
626
High School
Grades 10-12 | Public School
BROOKLAND HIGH SCHOOL
Brookland, AR 72417
100 W School St
870.­932.2080
Distance: 3.0 mi
School Rating
A-
Student:Teacher Ratio
12:1
Total Students
572
Other Nearby Schools Distance Type Grades School Rating
University Heights Elementary School 3.1 mi Public PK-2
University Heights Intermediate Center 3.3 mi Public 3-6 C-
Math And Science Magnet School 4.2 mi Public 1-6 C-
Nettleton Steam School 5.1 mi Public 3-6
Douglas Macarthur Junior High School 5.6 mi Public 7-9 C
Visual And Performing Arts Magnet School 5.7 mi Public 1-6 C+
International Studies Magnet School 5.7 mi Public 1-6 B-
Montessori School Of Jonesboro 5.9 mi Private PK-KG
Blessed Sacrament Catholic School 6.1 mi Private PK-6
Jonesboro Pre-k Program 6.2 mi Public PK
The Academies At Jonesboro High School 6.3 mi Public 10-12
Jonesboro Kindergarten Center 6.3 mi Public KG
Northeast Arkansas Career And Technical Center 6.3 mi Public
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Brookland, AR 72417

Median Age: 34.7
Married: 56%
Number of Households: 2,399
Households with Children: 43%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home
Copyright © 2025 Northeast Arkansas Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.