# 2025 Van Buren, Eureka Springs, AR 72632

> **TL;DR:** residential multi family, $3,095,000 ($108/sqft), 28,652 sqft. Est. $13,412/mo. Listed 32 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $3,095,000 |
| Price/sqft | $108 |
| Square Feet | 28,652 |
| Lot Size | 68,389 sqft (1.57 acres) |
| Stories | 3 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 32 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $13,412 |
| **Total** | **$13,412** |

## Property Highlights

- 1.57 acre lot
- 3 stories

## Description

### Agent Description
The Ravine Apartments represents a rare multifamily opportunity in the heart of Eureka Springs, Arkansas - a fully converted, capital-improved residential portfolio comprising 53 units across four buildings at 2025A, 2025B, 2025C, and 2027 East Van Buren Street. Originally operating as a motel, the property has undergone a complete conversion to long- term residential use under the current ownership, with all buildings receiving new roofs, full electrical upgrades, plumbing, and individual PTAC HVAC units. The portfolio delivers a diverse unit mix of studios, one-bedrooms, and two- bedrooms, each equipped with full kitchens including a stove and refrigerator - a meaningful upgrade relative to kitchenette-only product in the submarket. Individual electric meters per unit limit owner utility exposure to water, sewer, trash, and internet service. An on-site laundry facility serves Building 2025C. Building 2025A, a nine-unit two-bedroom addition, is currently under construction with an estimated completion date of June 1, 2026, providing an immediate lease-up opportunity and value creation event for an incoming buyer. At current operations, the property generates $27,550 per month in gross rental income across 37 occupied units, with 8 existing vacancies presenting near-term upside. Upon full stabilization of all 53 units at HREC's independently researched market rates, the property is projected to generate over $491,000 in annualized gross potential rent.

## Location

- **Address:** 2025 Van Buren, Eureka Springs, AR 72632
- **County:** Carroll
- **Neighborhood:** Stadium Add

## Listing Agent

- **Name:** Joshua Harmon
- **Brokerage:** Harmon Real Estate Company
- **Phone:** 479-719-0344

## Primary Photo

![2025 Van Buren - Primary Photo](http://lh.rdcpix.com/ec380f46df9c7d604cc188a54506f7b1l-f1966594976r.jpg)

*23 total photos available on [listing page](https://www.propertysimple.com/listing/2025-van-buren-eureka-springs-ar-72632-1088575)*

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**MLS#:** 1088575 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 Western River Valley 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.*

[View on PropertySimple](https://www.propertysimple.com/listing/2025-van-buren-eureka-springs-ar-72632-1088575)

---

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