Fayetteville multifamily market

[Samuel Bavido]

My brother is considering house hacking in Fayetteville, so I was looking causally through realtor.com, and the market looks very odd to me. There are a ton of multifamily properties for sale, and most of them at very low prices. I know that prices vary by market, but a lot of these properties would be above 1% even at the list price. I'm wondering if anyone with experience in that market might be able to shed some light on what's going on there. Is there a reason that prices are low? Have they dropped recently, or been that way for a while? Are there any expenses related to holding properties there that an outsider wouldn't think of? 

Thanks!