Conway Multifamily Buyer
Sell Your Commercial Property In Conway, AR
Own a commercial apartment building of five or more units in Conway? We purchase multifamily properties around Downtown Conway, Greenbrier, and the rest of Faulkner County, and we review every deal against a clear buy box.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Neighborhoods & Nearby Towns: Downtown Conway · Greenbrier · Vilonia · Mayflower — Faulkner County, AR
Market Snapshot
Renter Demand In Conway
Conway, home to the University of Central Arkansas and Hendrix College, is a renter's city: 54.6% of households rent, per ACS 2020-2024. Median gross rent is $1,011 a month, and rental vacancy is 5.6%. Conway holds 8,143 homes in buildings of five or more units, 98.7% of Faulkner County's total.
Owners who sell commercial property in Conway, AR pay 50.6 mills in the Conway School District. This page covers Conway's renters, rents, taxes and the Arkansas landlord rules a buyer inherits.
University of Central Arkansas
UCA reported a preliminary fall 2026 enrollment of 9,468 students, including 7,903 undergraduates, at its Conway campus.Acxiom headquarters
Acxiom LLC registers its address at 301 East Dave Ward Drive in Conway, per California's data broker registry.Conway Regional Health System
Conway Regional centers on a 180-bed acute care medical center serving an eight-county area since 1921.Our Buy Box
What We Buy In Conway
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Conway Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Conway
Renters occupy 54.6% of Conway's homes, per the ACS 2020-2024 tenure table, against 33.6% across Arkansas. Conway holds 79.6% of Faulkner County's renter households.
Conway has 8,143 homes in buildings of five or more units, 27.8% of its stock, per ACS table B25024. That is 98.7% of Faulkner County's 5+ unit homes. The median Conway home was built in 1998, and 18.7% predate 1980.
Conway rents and affordability
Median gross rent in Conway is $1,011 a month, per the ACS 2020-2024 rent table. That is $64 above the Arkansas median of $947.
Rental vacancy in Conway is 5.6%, per the ACS 2020-2024 housing profile. HUD sets these FY2027 fair market rents for the Little Rock-North Little Rock-Conway, AR HUD Metro FMR Area, effective October 1, 2026:
| Unit size | HUD FY2027 FMR (monthly) |
|---|---|
| Studio | $964 |
| One bedroom | $969 |
| Two bedroom | $1,121 |
| Three bedroom | $1,504 |
| Four bedroom | $1,810 |
Property taxes in Faulkner County
A $2,000,000 apartment building in the Conway School District owes about $20,240 a year. Arkansas assesses at 20% of value under Ark. Code 26-26-303(c), a $400,000 assessment. The 2025 millage report sets 50.6 mills there: 38.1 school, 4.2 city and 8.3 county.
Owners who sell commercial real estate in Conway, AR should plan for a reset. A purchase removes the Amendment 79 cap, and the parcel is assessed at 20% of full value the next January 1. Arkansas adds a transfer tax of $3.30 per $1,000, or $6,600 on a $2,000,000 sale.
Landlord rules in Conway
Conway cannot cap rents. Ark. Code 14-54-1409 bars local ordinances that control rent, rental application fees or deposits. The Arkansas Attorney General summarizes the rest:
- Deposits are capped at two months' rent for landlords with six or more dwellings, with itemized deductions due within 60 days.
- An unlawful detainer case requires three days' written notice to vacate.
- Landlords give one rental period's notice before raising rent.
Anyone who plans to sell commercial property in Conway, AR passes those leases and deposits to the buyer. A clean deposit ledger shortens closing.
What it means for a Conway owner
Conway pairs a 5.6% rental vacancy with the University of Central Arkansas, which reported 9,468 students in fall 2026. Buyers price that demand, the school district and the reassessment into any offer.
To sell your apartment building in Conway, gather a rent roll and twelve months of statements, then test them with our cap rate calculator. Skyline Capital Investments buys 5+ unit buildings, so you can sell commercial property in Conway, AR through our seller page.
Local Knowledge
Conway Seller Checklist
More about selling in Arkansas →Investing in Conway? See apartment syndications in Conway →
- A $2,000,000 Conway building pays $960 more yearly in the Greenbrier School District than Conway's.
- Owners who sell commercial real estate in Conway, AR face reassessment at 20% of full value.
- Owners selling commercial property in Conway can show 5.6% rental vacancy, against 6.4% statewide.
Seller Guides
Conway Seller Situations
Learn More
Taxes & Rules For Conway Property
The Arkansas rules that shape any deal in Conway: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Conway Seller FAQ
How do I sell commercial property in Conway, AR without listing it?
Send the address, unit count, rent roll and twelve months of statements. Skyline Capital Investments buys 5+ unit apartment buildings in Conway. Conway School District parcels carry 50.6 mills, and Greenbrier School District parcels carry 53 mills.
What are property taxes on a Conway apartment building?
Arkansas assesses property at 20% of market value, so a $2,000,000 building carries a $400,000 assessment. At 50.6 mills in the Conway School District, that is about $20,240 a year. Appeal hearings must be scheduled by the third Monday in August.
What happens to taxes when I sell commercial real estate in Conway, AR?
A purchase removes the Amendment 79 cap under Ark. Code 26-26-1123. The parcel is then assessed at 20% of full value the following January 1. Arkansas also charges $3.30 per $1,000 of consideration, or $6,600 on a $2,000,000 sale.
Can Conway pass rent control?
No. Ark. Code 14-54-1409 bars cities from ordinances that control rent, application fees or deposits. Landlords renting six or more dwellings may charge up to two months' rent as a deposit and must itemize deductions within 60 days.
What rents can I expect for a Conway apartment?
Median gross rent in Conway is $1,011, per ACS 2020-2024, against $947 across Arkansas. HUD's FY2027 fair market rent is $969 for a one bedroom and $1,121 for a two bedroom. Owners who sell multifamily property in Conway often cite both.
What if my Conway building has vacancies or deferred maintenance?
That is often where we add the most value. We buy buildings that need renovation, new management, or lease-up, and we account for that in our offer.
How does a sale to you work in Faulkner County?
Send the address, unit count, and any financials. We give feedback, then a written letter of intent if it fits, followed by diligence and a closing date that works for you.
Is it possible to sell rental property in Conway without evicting tenants?
It is. We buy apartment buildings occupied, and tenants stay on their current leases. Skyline Capital Investments is a commercial real estate buyer of 5+ unit buildings, so occupied properties are the norm for us.
What do I need to sell my apartment building in Conway?
An address and unit count are enough to start. A current rent roll and trailing twelve-month statement let us move to a written offer faster.
Submit A Deal
Get An Offer Review In Conway
Send the address, unit count, and asking price if you have one. We keep every conversation confidential.
