Conway Multifamily Property For
1006 Clifton Street, Conway, AR 72034
New
MULTI_FAMILY - Conway, AR
Type:Single Family Residence
Property size:
2,208 SFLot size:
0.40 AcresPrice / SF:
$122/SF- Added:
- May 20, 2026
- Days on Market:
- 7
- Last Refresh:
- May 26 at 4:06 pm
Property Features for 1006 Clifton Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2
- Parking features
- Carport
- Patio and Porch features
- Patio
- Interior features
- Washer Connection, Dryer Connection-Electric, Hot Water Heater-Gas, Closet - Walk In, Fan - Ceiling, Some Units
- Exterior features
- Partially Fenced, Patio
- Fencing
- Partial
- Appliances
- Free-Standing Stove, Disposal, Ice Maker Connection, Free-Standing Stove, Disposal, Ice Maker Connection
- Standard status
- Active
- APN
- 710-02902-000
- Size
- 2,208 SF
- Lot size
- 0.40 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- PT Lot 137 Fiddlers Survey
- Tax Annual Amount
- 1960
Building Details
- Year built
- 1940
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Wood, Vinyl
- Roof type
- Composition, Flat
- Architectural style
- Ranch
Listing agent Reda Salter (501) 450-0903
Listing office Salter Real Estate, Inc. 719 Monroe St., Conway, AR (501) 327-6681
Listing date May 20, 2026
MLS# 26021063
Listing URL
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.
HighLights
- Each apartment has its own gas service and furnace.
- Property includes two separate units, offering rental income potential.
- Features a carport for parking.
- Includes washer and dryer connections in each unit.
- Offers a shared patio area for tenants.
- Ranch‑style architecture.
Overview
This multifamily property is located in Conway, Arkansas. The property is being sold "as is" "where is". The Clifton Street side needs paint and will need a cookstove and dishwasher; there is no refrigerator. Both tenants share a laundry room, and the laundry room water heater. The washer and dryer belong to the Prince Street renter. Water and sewer are on one meter, which the owner pays. Each apartment has its own gas service and furnaces. The patio area is shared by both tenants. The storage building on the east side belongs to the Prince Street renter. The Prince Street side is a 1 bedroom, 1 bath unit which has a cookstove and refrigerator, but no dishwasher. The lot size is 0.4 acres and the property size is 2208 square feet.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$165.0K
NOI $14,852 @ 9.00% cap · cautious / downside scenario
Moderate
$212.2K
NOI $14,852 @ 7.00% cap · market / base-case scenario
Aggressive
$297.0K
NOI $14,852 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.5k | $10.20 |
| − Vacancy | −$1.3k | −$0.59 |
| EGI | $21.2k | $9.61 |
| − OpEx | −$6.4k | −$2.88 |
| NOI | $14.9k | $6.73 |
2,208 SF · lease $10.20/SF/yr · vacancy 5.79% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$212.2K
$185.7K – $247.5K
NOI $14,852 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$189.6K
$165.9K – $221.2K
NOI $13,273 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$503.6K
$440.7K – $587.6K
NOI $35,253 @ 7.0% cap · market cap 13.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Conway
- County
- Faulkner
- State
- Arkansas
- Longitude
- -92.445078
- Latitude
- 35.092153
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Multifamily property in Conway, Arkansas, being sold as-is.
Where is this duplex located?
The property is located at 1006 Clifton Street Conway, AR.
What is the asking price?
The asking price for this property is $269,500.
What are key features of this property?
This property features: Each apartment has its own gas service and furnace.; Property includes two separate units, offering rental income potential.; Features a carport for parking.
