Mitchell Yards

For Sale

1902 W Mitchell Street, Fayetteville, AR 72701

This Fayetteville property for sale is located at 1902 W Mitchell Street. Contact the listing broker for details on the current sale price for Mitchell Yards.

Contacts

broker
Sam Hewitt

GREA

broker
Zac Thomas

GREA

broker
Ken Wellar

GREA

broker
Steffan Ramos

GREA

Property Details

  • Property Type Other
  • Property Size 92,338 SF
  • Units 81
  • Year Built 2022
  • Date Updated Apr 5, 2025

Mitchell Yards is an 81-unit, 165-bed student housing community built in 2022, just 800 feet from the University of Arkansas. The property combines townhome-style living with student housing amenities, offering private en-suite bathrooms, luxury finishes, and in-unit washers and dryers.

Notably, 84% of units are two-bedroom, 2.5-bath layouts with two-car garages—a rare feature in a market with parking shortages. Current rents trail comparable properties by $200 per bedroom, presenting immediate upside. Additional revenue opportunities include a utility billback system, smart home upgrades, and enhanced common areas.

With 99% occupancy and 5% rent growth in 2024, Fayetteville’s student housing market is highly undersupplied. Adjusting rents and adding sought-after amenities could boost NOI by nearly $500,000 annually with minimal investment. This is a rare chance to acquire a top-performing asset in a thriving university market.

This is a rare opportunity to acquire a high-performing, modern student housing asset in a thriving university market.

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Reach out to the broker for more info on lease terms and amenities

Highlights

  • Premier Walkable Location: Located 800 feet from University of Arkansas Campus with more than 20 restaurants within a half mile walk.
  • Desirable Luxury Townhomes: Massive townhome and cottage-style floorplans that include attached garages for 85% of units.
  • Strong Performance: 99% occupied and 95% pre-leased with 10% increase in rents.
  • Operational Upside: Ability to increase rents over $200 and implement market-standard other income items (pet rent, utility billback, security and smart home packages).
  • Robust Market Fundamentals: the University of Arkansas has increased enrollment more than 20% over the last five years, and the student housing market realized 99% occupancy and 5% rent growth in 2024.

Getting around

  • 64/100

    Walk Score ®

  • 61/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Fayetteville, AR
  • Neighborhood Dickson Street
  • Zip Code 72701

Points of Interest

  • Kum & Go

    0.59 miles

  • Shell

    0.84 miles

  • Phillips 66

    0.92 miles

  • Conoco

    1.02 miles

  • Flash Market

    1.35 miles

  • Hi-Octane Fuel Xpress

    1.47 miles

  • E-Z Mart

    1.65 miles

  • Casey's General Store

    1.74 miles

  • Murphy USA

    1.93 miles

  • ChargePoint

    2.38 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Mitchell Yards
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