1968 Piper Arrow for sale

1968 Piper Arrow

Single Engine Piston

FOR SALE
$199,900Overpriced
Location Lexington, KY
Total Time 4,563 hrs
Engine SMOH 57 hrs
Seats 4
Serial # 28R-30694
Reg # N4947J
Cruise 135 kts (250 km/h)
✓ Clean NTSB ✓ Verified recently

Aircraft Details

Seller reported

Avionics & Equipment

IFR
Garmin GTN650Xi WAAS Touchscreen IFR GPS/NAV/COM Garmin GPS175 WAAS Navigator Garmin GI275 4 CYL EIS Display (with Temperature Wind and Density Altitude Sensors) Garmin GTX345 ADS-B Transponder Garmin GFC500 Autopilot Garmin G5 Electronic Attitude Indicator Garmin G5 Electronic HSI Garmin GMA340 Audio Panel Analog Flight Instruments Vertical Card Compass

Description

This extremely well maintained 1968 Piper Arrow has 57 hours SMOH, and only 27 hours since all 4 cylinders were replaced with new. This is an extremely clean, good bones Arrow that shows very well with a repaint in 2016. In the cockpit it features Garmin’s latest and greatest GTN650Xi WAAS IFR GPS/NAV/COM, and is also paired to dual Garmin G5 instruments, the GTX345 transponder with ADS-B in and out capability, and tying it all together is the Garmin GFC500 autopilot. Additional Comments: Located in Lexington, KY – KLEX Useful Load 957.25 lbs. November 2025 Annual Inspection

Engine

57 Hours SMOH Lycoming IO-360-B1E All 4 Cylinders were Replaced at 27 Hours SMOH

Propeller

254 Hours SPOH 2-Blade Hartzell Prop Polished Spinner

Interior

7 out of 10 Reupholstered in 2017

Exterior

8 out of 10 Repainted in 2016

Inspection

November 2025 Annual Inspection Financing & Insurance Available – Aircraft Guarantee and Lending’s tailored program makes aircraft ownership simple and affordable. Contact AGL to finance your next aircraft purchase and enjoy competitive rates and flexible terms. 859-694-8589 / [email protected] Specifications for this aircraft are believed to be accurate but are not warranted. It is the responsibility of the buyer to confirm all specifications, equipment, and times. AirMart does not represent or warrant the working order, merchantability, or operability of any equipment. Airplanes are dynamic assets whose condition, availability, and details may change without notice. All information is subject to independent verification and inspection by the buyer. Availability cannot be guaranteed, as the aircraft may be sold, leased, or withdrawn from the market at any time.

Modifications / STCs

All Knots2U Speed Mods Available

All LED Exterior Lighting (strobes are wired with NAV lights)

Complete Panel Upgrade – Custom Panel

New SCS Floor with Sound Deadening Material

Avionics Master Switch

Heated Pitot

Vacuum System Removed

Description and equipment details provided by the seller. AeroGurus does not verify seller-provided information.

Price Comparison 1 active offer

Source Price Action
AirMart - Kevin Kauffman
trade-a-plane.com
$199,900
Airmart
controller.com
$199,900
Airmart
controlleremea.co.uk
$203,537 *
GBP £151,076
Airmart
aviationtrader.com.au
$206,063
Airmart
airmart.com
$189,900
$199,900

* Converted to USD at daily European Central Bank (ECB) exchange rates

Estimate Monthly Payment

Piper Arrow loan calculator

AeroGurus

AeroGurus Data & Analysis

Independent data from FAA, NTSB, and market analysis

About This Piper Arrow

This 1968 Piper Arrow (N4947J) is a 4-seat single engine piston with 4,563 hours on the airframe. There are currently 186 Arrow aircraft listed for sale with asking prices ranging from $44,950 to $429,460. This aircraft is priced above the market average at $199,900.

The Arrow cruises at 135 kts (250 km/h) with a range of 720 nm (1,333 km) — ideal for short hops and local flights. Service ceiling of 15,400 ft allows operation above most weather.

Operating costs: Fuel burn is 10.5 GPH (40 L/h), which at current Jet-A prices (~$5.50/gal) means approximately $58/hr in fuel alone. Total variable cost including maintenance reserves is approximately $145/hr. Annual fixed costs (hangar, insurance, crew, annual inspection) average $18,000. With 4,563 hours on the airframe, this aircraft has exceeded TBO (2,000 hrs) — verify engine status and overhaul reserve.

NTSB records show 0 incidents for this airframe — a clean safety record.

Pre-Purchase Checklist

Safety record: 0 NTSB incidents
Airframe: 4,563 hours — verify engine time vs TBO (2,000 hrs)
Budget $158 for pre-purchase inspection

Piper Arrow — Model Specs

Model specification

Standard specs for this model. Actual aircraft may differ.

Seats
4
Cruise Speed
135 kts (250 km/h)
Max Speed
144 kts (267 km/h)
Range
720 nm (1,333 km)
Ceiling
15,400 ft (4,694 m)
Max Weight
2,750 lbs (1,247 kg)
Useful Load
940 lbs (426 kg)
Horsepower
200 HP
Fuel Capacity
72 gal (273 L)
Fuel Burn
10.5 GPH (40 L/h)
TBO
2,000 hrs

Estimated Cost of Ownership

AeroGurus estimate

PIPER Arrow

Fuel Burn
10.5 GPH
~$68/hr
Variable Cost
$145/hr
fuel + mx + reserves
Annual Fixed
$18,000/yr
hangar + insurance + annual
Engine Overhaul
$30,000
every 2,000 hrs

AeroGurus estimates based on industry averages for the PIPER Arrow. Actual costs vary by location, usage, maintenance history, and configuration. Not a financial quote.

Ownership & Registration

FAA registration data pending for N4947J.

Location & Ownership

FAA records

Aircraft Location

Lexington, KY

Seller reported 133 more aircraft in KY →

Title Status

No FAA title records

Available for US-registered aircraft only

Source: FAA Aircraft Registry, FAA Civil Aviation Registry (DocIndex). Title data may be delayed. Always verify with an aviation attorney before purchase.

Safety Record

NTSB safety data coming soon.

We'll check N4947J against the NTSB accident database.

Price History

3 price events · sources: trade-a-plane.com, controlleremea.co.uk, airmart.com

AeroGurus Market Estimate AME

$105,000
Range: $87,249 — $118,700
Confidence: 90%
vs. Market
+90%
Above Market

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Prices and listings updated daily · Data: FAA Registry, NTSB · About our data
Disclaimer: All prices, cost estimates, and market values shown are based on asking prices from third-party sources and are provided for informational purposes only. AeroGurus is not an appraiser, broker, or financial advisor. Always obtain a professional appraisal and independent inspection before making a purchase decision. Actual transaction prices may differ from asking prices.