Low-Maintenance Condo Duplex with
1005 S German Ln Conway, AR 72034
For Sale
$172,900
CONDOS - Conway, AR
Property Size1,472 SF
Price / SF$117.46
Days on Market37
Property Features for 1005 S German Ln
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 3, Bathroom 1, Laundry Room, Bedroom 1
- Parking features
- Carport
- Patio and Porch features
- Patio
- Interior features
- Washer Connection, Dryer Connection-Electric, Water Heater-Gas, Smoke Detector(s), Ceiling Fan(s), Walk-in Shower, Kit Counter-Formica
- Exterior features
- Patio, Partially Fenced, Outside Storage Area, Inground Pool, Guttering, Gazebo
- Fencing
- Partial
- Fireplace
- 1
- Appliances
- Free-Standing Stove, Microwave, Dishwasher, Disposal, Pantry, Refrigerator-Stays, Ice Maker Connection
- Standard status
- Active
- Size
- 1,472 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- PT W1/2 SE, Apt 27/Bldg 2
- Tax Annual Amount
- 1478
Building Details
- Year built
- 1987
- Floors in Building
- 2
- Flooring type
- Laminate, Vinyl
- Roof type
- Shingle
- Architectural style
- Other
- Additional Structures
- Gazebo, Storage
Listing Agency:
J.C. Thornton & Co., LLC
(501) 513-0505
Listed By:
Taleda McKee
(501) 472-5600
Added: Jun 18
Changed: Jul 22
Last Checked: Jul 24 at 9:06AM
MLS# 26024792
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. 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.
Located at 1005 S German Ln in Conway, this condo duplex offers low-maintenance living within Carriage Courts. The interior features an open floor plan and a large laundry area, along with a private patio for outdoor space. Recent updates include a complete repaint in 2024, a roof replacement in 2022, and a water heater replacement in 2024.
Parking is supported by three total spaces, including an additional covered parking space with a storage area. The property is also about one mile from UCA, providing convenient access to campus.
If you’re looking for a tidy, update-forward residential income option with practical on-site parking and outdoor privacy, this one is ready to review.
Parking is supported by three total spaces, including an additional covered parking space with a storage area. The property is also about one mile from UCA, providing convenient access to campus.
If you’re looking for a tidy, update-forward residential income option with practical on-site parking and outdoor privacy, this one is ready to review.
Key Highlights
- Low‑maintenance home in Carriage Courts with open floor plan and private patio
- Completely repainted in 2024; roof replaced in 2022; water heater replaced in 2024
- 3 parking spaces total including a carport plus additional covered parking with storage area
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 | $15.0k | $10.20 |
| − Vacancy | −$869 | −$0.59 |
| EGI | $14.1k | $9.61 |
| − OpEx | −$4.2k | −$2.88 |
| NOI | $9.9k | $6.73 |
1,472 SF · lease $10.20/SF/yr · vacancy 5.79% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$141.5K
$123.8K – $165.0K
NOI $9,902 @ 7.0% cap · market cap 5.73%
Second Best
Apartment 5plus
$126.4K
$110.6K – $147.5K
NOI $8,849 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$335.7K
$293.8K – $391.7K
NOI $23,502 @ 7.0% cap · market cap 13.59%
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 - Condo duplex with an open floor plan, large laundry area, private patio, and 2024 repainted interior.
Where is this duplex located?
The property is located at 1005 S German Ln Conway, AR.
What is the asking price?
The asking price for this property is $172,900.
What are key features of this property?
This property features: Low‑maintenance home in Carriage Courts with open floor plan and private patio; Completely repainted in 2024; roof replaced in 2022; water heater replaced in 2024; 3 parking spaces total including a carport plus additional covered parking with storage area
