The Wager Place Apartment Complex located at 404 W Matthews Street presents a lucrative investment opportunity as a strategically located apartment complex in Brookland, AR. These one year old luxury duplexes in Brookland, AR offer an array of amenities and features that make them truly luxurious. From the elegant all-brick exteriors to the high-quality 30-year architectural shingles, every detail has been carefully considered. Inside, residents will enjoy the waterproof flooring, all-electric appliances, and the convenience of a washer, dryer, and refrigerator already provided. Perfect for investors seeking a low-maintenance investment. Situated less than 5 minutes from the northeast entrance to Jonesboro and less than 10 minutes from the southern entrance of Paragould, the property enjoys prime accessibility to two major economic hubs in Arkansas. The complex is situated atop 4.5+/- acres of land and is made up of thirty 2bed/2bath units split between 15 buildings. Jonesboro is home to Arkansas State University (ASU), and it stands as a thriving economic center. Its top employers include St. Bernards Healthcare, ASU, and NEA Baptist Health System.
The Wager Place Apartment Complex located at 404 W Matthews Street presents a lucrative investment opportunity as a strategically located apartment complex in Brookland, AR. These one year old luxury duplexes in Brookland, AR offer an array of amenities and features that make them truly luxurious. From the elegant all-brick exteriors to the high-quality 30-year architectural shingles, every detail has been carefully considered. Inside, residents will enjoy the waterproof flooring, all-electric appliances, and the convenience of a washer, dryer, and refrigerator already provided. Perfect for investors seeking a low-maintenance investment. Situated less than 5 minutes from the northeast entrance to Jonesboro and less than 10 minutes from the southern entrance of Paragould, the property enjoys prime accessibility to two major economic hubs in Arkansas. The complex is situated atop 4.5+/- acres of land and is made up of thirty 2bed/2bath units split between 15 buildings. Jonesboro is home to Arkansas State University (ASU), and it stands as a thriving economic center. Its top employers include St. Bernards Healthcare, ASU, and NEA Baptist Health System. The city boasts a diverse economy encompassing healthcare, education, manufacturing, and retail sectors. The completion of the NEA Baptist Memorial Hospital and recent expansion of St. Bernards Medical Center reflects the city's commitment to healthcare infrastructure. Other major developments include ongoing expansions at ASU, Greensborough Village, Downtown Jonesboro, The Promenade at Reedmont, Southern Hills, Craighead Forest Park, Jonesboro Industrial Park, and Craighead Technology Park. Paragould, located north of Brookland, is another vital economic contributor to the region. With companies like E. C. Barton & Company and Greene County Tech School District among its top employers, Paragould sustains a robust industrial and educational base. The city's economy benefits from its strategic location along major transportation routes and its proximity to Jonesboro.
NEABOR MLS #10119516
Jan 24, 2025
Listed
$5,990,000
$207/sq ft
NEABOR MLS #10113811
Dec 16, 2024
Relisted
—
Jul 24, 2024
Delisted
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Apr 11, 2024
Listed
$5,990,000
$207/sq ft
NEABOR MLS #10110757
Oct 19, 2023
Listed
$6,000,000
$207/sq ft
NEABOR MLS #10084713
Jul 31, 2020
Sold
$200,000
$7/sq ft
Jan 22, 2020
Listed
$250,000
$9/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
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Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Multi-Family (5+ Unit)
County
Craighead County
APN
11-155292-25000
Parking Spaces
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Basement
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Accessible
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Last updated by owner on May 28, 2026.
R-1
Low Density Residential District
The R-1 District is intended to provide for quiet, low density residential areas characterized by single-family homes and the supporting religious, recreational, educational, and institutional uses for an attractive, functional neighborhood.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Single unit
Infrastructure
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.31% chance of being in a wildfire in next 30 years
6/10 Heat Factor
7 days above 110° expected this year, 22 days in 30 years
4/10 Wind Factor
8% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Brookland, AR • 72417
Average low and high temperatures (°F)
43
27
52
34
69
48
75
57
77
61
87
71
89
73
89
69
84
65
77
55
63
46
51
36
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
98/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.8 hrs
6.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 404 W Matthews
There isn’t enough information to generate an accurate estimate at this time. Learn More