114 & 116 S Ray Avenue, Fayetteville, AR 72701
MULTI_FAMILY - Fayetteville, AR
- Added:
- Apr 13, 2026
- Days on Market:
- 75
- Last Refresh:
- Jun 26 at 8:06 am
Property Features for 114 & 116 S Ray Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bedroom 5, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 2, Bathroom 4, Bedroom 6, Bedroom 1, Bathroom 1
- Parking features
- Garage, Open
- Window features
- Vinyl Frames
- Exterior features
- ConcreteDriveway
- Appliances
- Dishwasher, ElectricOven, ElectricRange, ElectricWaterHeater, Disposal, Microwave
- Standard status
- Active
- APN
- 765-26253-000
- Size
- 2,726 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Description
- Timber Trails Sub, Fayetteville, Washington County
- Tax Annual Amount
- 3606
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Heat Pump (Heating)
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 2007
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile, Vinyl
- Building materials
- Brick, VinylSiding
- Roof type
- Shingle
Listing agent Brian Dandy License #EB00068264 (479) 435-0389
Listing office Weichert REALTORS - The Griffin Company Springdale 5100 S Thompson, Springdale, AR (479) 756-1003
Listing date Apr 13, 2026
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.
HighLights
- Excellent investment opportunity with rental potential and owner‑occupancy possibilities.
- Located approximately 2.5 miles from the University of Arkansas and minutes from downtown Fayetteville.
- Each side features 2 BR / 1 BA downstairs and 1 BR / 1 BA upstairs.
- Walking distance to Happy Hollow Elementary School, Fayetteville Virtual Academy, and Mt Sequoyah Trail Head.
- Includes essential appliances: Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Disposal, and Microwave.
- Built in 2007 with durable brick and vinyl siding.
Overview
Local 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 | $37.6k | $13.80 |
| − Vacancy | −$2.6k | −$0.94 |
| EGI | $35.0k | $12.86 |
| − OpEx | −$10.5k | −$3.86 |
| NOI | $24.5k | $9.00 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Fayetteville
- County
- Washington
- State
- Arkansas
- Longitude
- -94.133809
- Latitude
- 36.061344
