$5,400,000

305 Berry St Springdale, AR 72764

22,323 sqft
1.9 acres
$242 / sqft
Condo

Property details

About 305 Berry St

The Grove on Berry is fully renovated 42-unit multifamily property in downtown Springdale, AR. This asset presents an exceptional investment opportunity. With high quality interior finishes including full size washers and dryers and no deferred maintenance, this asset offers a true turnkey experience for investors. The property is currently achieving below-market rents, providing a clear path for value appreciation as rental rates align with the growing demand in Springdale. Additionally, its prime location ensures strong tenant appeal, with walkable access to the Razorback Greenway, Downtown shopping and dining establishments, and Luther George Park, offering residents an active and convenient lifestyle. This opportunity presents investors the ability to realize immediate cashflow and exceptional upside. Downtown Springdale has benefited from tremendous investments in new developments, popular food and retail tenants, and several community projects.

Highlights

Home typeCondominium
HeatingElectric
StatusActive
CoolingElectric
Size22,323 sqft
Lot size1.89 Acres
Year built2001
ParkingParking Lot
MLS #1304046

Summary

  • MLS Number: 1304046
  • MLS Name: ARKMLS
  • Office Name: GREA-Global Realtor Estate Advisors Branch
  • Office Email: sean.scott@grea.com

Broker Reciprocity Disclaimer: IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2025 Northwest Arkansas Board of Realtors All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/18/2025, 5:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of building exterior with stairway and uncovered parking

$5,400,000

305 Berry St

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Price information

Property sales

DateEventPrice
Apr 30, 2014
Home Sold
$42,000
Oct 10, 2006
Home Sold
$1,795,000

Tax history

YearAssessmentProperty Tax
2024$233,810$12,087
2023$233,810$12,321
2022$130,840$6,232
2021$130,840$5,753
2020$130,840$5,275
2019$90,770$4,783

History based on county public records data.

Nearby schools

5

Jones Elementary School

Public District PK-5

0.8 mi

900 Powell St

3

Elmdale Elementary School

Public District PK-5

1.3 mi

420 N West End St

5

Parsons Hills Elementary School

Public District PK-5

1.4 mi

2326 Cardinal Dr

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $40,272. Most Springdale, AR residents have annual incomes less than $<35k. Most families are married, with kids. The most common level of education of people living in this area is high school diploma.

How much money do the neighbors make?

45%
<35k
39%
35k-100k
13%
100k-200k
3%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

25%
Single, No Kids
21%
Single, with Kids
17%
Married, No Kids
37%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

28%
<11 yrs old
10%
12-17 yrs old
30%
18-34 yrs old
28%
35-64 yrs old
4%
65+ yrs old

What do the neighbors do for fun?

  • SoccerSoccer
  • Mexican League SoccerMexican League Soccer
  • Pro BoxingPro Boxing

Where do the neighbors shop?

  • Forever 21Forever 21
  • Books-a-MillionBooks-a-Million
  • BurlingtonBurlington

Where do the neighbors go to eat?

  • Dominos PizzaDominos Pizza
  • Church's ChickenChurch's Chicken
  • PopeyesPopeyes

What do the neighbors drive?

  • MazdaMazda
  • ToyotaToyota
  • DodgeDodge

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • Adult HitsAdult Hits
  • Urban ContemporaryUrban Contemporary
All data provided by Home Junction and Claritas

Frequently asked questions

Living in Springdale, AR

About 305 Berry St

This home is located at 305 Berry St in Springdale, AR and zip code 72764. This 22,323 square foot home, which was built in 2001, sits on a 1.89 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since April 9, 2025 and is currently priced at $5,400,000.

In March 2025 more than 20 listings in Springdale, AR were sold above the asking price. During the same period more than 19 listings were sold at asking price, while more than 30 were sold below. The inventory of homes for sale in Springdale, AR between February and March 2025 increased by 11.6%. In March 2025, listings were on the market for 88 days. During the same period, the median list price in this real estate market was $325,333.

From Rocket Homes Real Estate and based on county public records data.

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