Two-Unit Duplex with Covered
For Sale
$595,000
Pending
1018 Benchmark LN, Fayetteville, AR 72704
Multifamily, Fayetteville, AR
Property Size3,418 SF
Lot Size0.12 Acres
Days on Market758
Property Features for 1018 Benchmark LN
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Parking features
Garage - Attached
Appliances
Garbage Disposal, Microwave, Refrigerator
Subdivision
Towne West Sub Ph Iiiiv
Lot features
Cleared, Curbing, In Subdivision, Sidewalk
Elementary school district
Fayetteville
Middle school district
Fayetteville
High school district
Fayetteville
Directions
I49 and US HWY 62/MLK Blvd travel west 1.4 mi, turn right (north) on S Rupple Rd for 0.2 mi. At the traffic Circle take the 3rd exit (go around circle and go south) and take right onto W Santa Fe St for 0.1 mi and come to S Benchmark Ln.
Standard status
Pending
APN
765-32990-00
Size
3,418 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
S-T-R13-16-31
Tax Annual Amount
342
Legal Description
S-T-R13-16-31
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric
Amenities
granite counter tops
fresh neutral colors
contemporary lighting fixtures
luxury vinyl plank
en suite and Jack and Jill bathrooms
upstairs washer and dryer
front covered entry
secure private access to garage
on Fayetteville Trail System
covered balcony
Building Details
Year built
2024
Floors in Building
2
Number of units
2
Flooring type
Other-specify in remarks
Roof type
Shingle
Listing Agency:
Keller Williams Platinum Realty · Keller Williams Realty
(479) 434-3000
Listed By:
Cheryl Garner · License #SA00083287
(479) 439-3000
Added: Aug 14, 2024
Changed: Sep 4
Last Checked: Sep 10 at 2:06PM
MLS# 1074513
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 2024 duplex is under construction and contains two units totaling 3,418 square feet on a 0.12-acre lot. Interior features include open-plan living areas, granite countertops in the kitchens and bathrooms, neutral finishes, contemporary lighting, and luxury vinyl plank flooring. The layout includes an en suite bathroom, a Jack and Jill bathroom arrangement, and an upstairs washer and dryer location.
The property also offers a covered front entry, covered balcony, private access to an attached garage, and electric central heating and cooling. Appliances include a garbage disposal, microwave, and refrigerator. Located at 1018 Benchmark LN in Fayetteville, the property is connected to the Fayetteville Trail System.
The property also offers a covered front entry, covered balcony, private access to an attached garage, and electric central heating and cooling. Appliances include a garbage disposal, microwave, and refrigerator. Located at 1018 Benchmark LN in Fayetteville, the property is connected to the Fayetteville Trail System.
Key Highlights
- Two‑unit duplex with 3,418 square feet on 0.12 acres
- 2024 construction, currently under construction
- Open floor plans with granite kitchen and bathroom countertops
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,759
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$615,180
$615.2K
Cap Rate 7%
$439,414
$439.4K
Cap Rate 9%
$341,767
$341.8K
Market Conditions
NOI Build-Up for 3,418 SF
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.
Gross rent
$47.2K $13.80/SF
− Vacancy
−$3.2K −$0.94/SF
EGI
$43.9K $12.86/SF
− OpEx
−$13.2K −$3.86/SF
NOI
$30.8K $9.00/SF
Area
Washington County, AR
Vacancy
6.84%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$615,180
Cap Rate 7%
$439,414
Cap Rate 9%
$341,767
Alternative Uses
Best Use
Multifamily LT 5
$439.4K
$384.5K – $512.7K
NOI $30,759 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$388.8K
$340.2K – $453.6K
NOI $27,215 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$917.4K
$802.8K – $1.07M
NOI $64,221 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
94
Businesses Nearby
Explore this area
Business Placement
Demographics for 72704, AR
31,145
Population
14,098
Households
2.2
Avg Household Size
31
Median Age
55%
College-Educated
96%
High-School Grad
77.0 sq mi
ZIP Area
404
Density / Sq Mi
$88,991
Median Household Income
$51,341
Median Earnings
$1,163
Median Rent
$301,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Under-construction residential income property with contemporary finishes, attached garage access, and an upstairs laundry location.
Where is this duplex located?
The property is located at 1018 Benchmark LN Fayetteville, AR.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Two‑unit duplex with 3,418 square feet on 0.12 acres; 2024 construction, currently under construction; Open floor plans with granite kitchen and bathroom countertops
