Fully Leased Duplexes in Van
1005-1019 N 13th ST Van Buren, AR 72956
For Sale
$680,000
MULTI_FAMILY - Van Buren, AR
Property Size7,412 SF
Lot Size1.66 Acres
Price / SF$91.74
Days on Market160
Property Features for 1005-1019 N 13th ST
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 16
- Rooms
- Bedroom 5, Bedroom 11, Bedroom 15, Bedroom 14, Bedroom 8, Bedroom 13, Bedroom 16, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 12, Bedroom 3, Bedroom 10, Bedroom 9, Bedroom 7, Bedroom 6
- Parking features
- Carport
- Appliances
- Convectional, Dishwasher, Dryer, Garbage Disposal, Oven, Range, Refrigerator
- Standard status
- Active
- APN
- 700-08151-000
- Size
- 7,412 SF
- Lot size
- 1.66 Acres
Taxes and HOA fees
- Tax Description
- S-T-R: 19-09-31;PT S/2 NW NW
- Tax Annual Amount
- 4668
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 1987
- Floors in Building
- 1
- Number of units
- 8
- Flooring type
- Carpet, Tile - Ceramic
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency:
Keller Williams Platinum Realty
(479) 434-3000
Listed By:
Cheryl Garner · License #Sa00083287
(479) 434-3000
Added: Feb 14
Changed: May 14
Last Checked: Jul 24 at 10:06PM
MLS# 1087060
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.
Investment Insights
Based on property information with market context.
This property features eight duplex units, each with two bedrooms and 1.5 bathrooms. The units are fully leased with a stable lease base. The property is well-maintained, with easy-to-maintain finishes and lawns. The units feature open floor plans and neutral colors. The property is centrally located adjacent to the Van Buren City Park in a tranquil setting surrounded by trees, near Van Buren High School and the Boys & Girl's Club, with easy access to the Van Buren Industrial Park. Each unit includes a full complement of kitchen appliances. The roofs are in good condition. The property is situated on a 1.66-acre lot and contains 7,412 square feet.
Key Highlights
- Fully‑leased eight duplex units provide a stable income base.
- Centrally‑located adjacent to Van Buren City Park in a tranquil, tree‑surrounded setting.
- Well‑maintained property with easy‑to‑maintain finishes and lawns.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.6k | $10.20 |
| − Vacancy | −$4.9k | −$0.66 |
| EGI | $70.7k | $9.54 |
| − OpEx | −$21.2k | −$2.86 |
| NOI | $49.5k | $6.68 |
7,412 SF · lease $10.20/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$707.2K
$618.8K – $825.1K
NOI $49,503 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$651.3K
$569.9K – $759.9K
NOI $45,593 @ 7.0% cap · market cap 6.70%
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,475 @ 7.0% cap · market cap 14.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Eight fully-leased duplexes near Van Buren City Park.
Where is this duplex located?
The property is located at 1005-1019 N 13th ST Van Buren, AR.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Fully‑leased eight duplex units provide a stable income base.; Centrally‑located adjacent to Van Buren City Park in a tranquil, tree‑surrounded setting.; Well‑maintained property with easy‑to‑maintain finishes and lawns.
