Duplex with Two 3BR/2BA
For Sale
$415,000
Pending
1041 Remington Drive, Springdale, AR 72764
MULTI_FAMILY - Springdale, AR
Property Size2,556 SF
Lot Size0.28 Acres
Days on Market59
Property Features for 1041 Remington Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Garage
Exterior features
ConcreteDriveway
Appliances
GasWaterHeater
Subdivision
Remington Place Springdale
Lot features
Cleared, Corner Lot, Near Park
Directions
From I-49, E on Wagon Wheel Rd, E on Hwy 264 to S on HWY 265, left on Remington. Duplex on right.
Standard status
Pending
APN
21-03284-000
Size
2,556 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Description
PLAT 2006-1179 9/29/06
Tax Annual Amount
2580
Legal Description
PLAT 2006-1179 9/29/06
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2007
Floors in Building
1
Number of units
2
Flooring type
Carpet, Vinyl
Building materials
Brick, VinylSiding
Roof type
Shingle
Listing Agency:
Equity Partners Realty
(479) 750-9500
Listed By:
Joseph McKee · License #SA00091477
(479) 387-5532
Added: Jun 23
Changed: Jul 18
Last Checked: Aug 20 at 4:06AM
MLS# 1352960
Copyright © 2026 ArkansasONE MLS. 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 for-sale duplex offers two separate residential units, each built with a 3-bedroom, 2-bath layout and an open-concept living room, kitchen, and dining area. The property is approximately 2,556 square feet on a 0.28-acre lot. A new roof is being added now, which provides a meaningful exterior update for the next owner.
The property is located at 1041 Remington Drive in Springdale, Arkansas (Benton County). Tenants are currently in place, so showings are not available to disturb occupants and are scheduled after an accepted offer.
For buyers or investors seeking a straightforward residential income asset, this duplex configuration supports repeatable unit design with three-bedroom space. Each unit’s open-concept common area and full kitchen/dining setup can be attractive for tenants who want a single, connected living space. With the roof replacement underway, the next owner can plan around the ongoing transition and focus on day-to-day property management once access and scheduling are established.
The property is located at 1041 Remington Drive in Springdale, Arkansas (Benton County). Tenants are currently in place, so showings are not available to disturb occupants and are scheduled after an accepted offer.
For buyers or investors seeking a straightforward residential income asset, this duplex configuration supports repeatable unit design with three-bedroom space. Each unit’s open-concept common area and full kitchen/dining setup can be attractive for tenants who want a single, connected living space. With the roof replacement underway, the next owner can plan around the ongoing transition and focus on day-to-day property management once access and scheduling are established.
Key Highlights
- Each unit features 3 bedrooms and 2 bathrooms with an open concept living room, kitchen, and dining room
- New shingle roof is being added now
- Built in 2007 with brick and vinyl siding exterior
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
$23,002
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
5.54%
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%
$460,040
$460.0K
Cap Rate 7%
$328,600
$328.6K
Cap Rate 9%
$255,578
$255.6K
Market Conditions
NOI Build-Up for 2,556 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
$35.3K $13.80/SF
− Vacancy
−$2.4K −$0.94/SF
EGI
$32.9K $12.86/SF
− OpEx
−$9.9K −$3.86/SF
NOI
$23.0K $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%
$460,040
Cap Rate 7%
$328,600
Cap Rate 9%
$255,578
Alternative Uses
Best Use
Multifamily LT 5
$328.6K
$287.5K – $383.4K
NOI $23,002 @ 7.0% cap · market cap 5.54%
Second Best
Apartment 5plus
$290.7K
$254.4K – $339.2K
NOI $20,351 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$686.1K
$600.3K – $800.4K
NOI $48,025 @ 7.0% cap · market cap 11.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
81
Businesses Nearby
Explore this area
Business Placement
Demographics for 72764, AR
60,786
Population
20,781
Households
2.9
Avg Household Size
30
Median Age
20%
College-Educated
72%
High-School Grad
66.2 sq mi
ZIP Area
918
Density / Sq Mi
$61,569
Median Household Income
$34,552
Median Earnings
$984
Median Rent
$226,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex for sale with two 3-bedroom, 2-bath units featuring open-concept living, kitchen, and dining spaces.
Where is this duplex located?
The property is located at 1041 Remington Drive Springdale, AR.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Each unit features 3 bedrooms and 2 bathrooms with an open concept living room, kitchen, and dining room; New shingle roof is being added now; Built in 2007 with brick and vinyl siding exterior
