Craftsman
For Sale
$650,000
1365 #1- #2 S Duncan Avenue, Fayetteville, AR 72701
MULTI_FAMILY - Craftsman - Fayetteville, AR
Property Size2,580 SF
Lot Size0.11 Acres
Price / SF$251.94
Days on Market188
Property Features for 1365 #1- #2 S Duncan Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Patio and Porch features
Porch
Exterior features
ConcreteDriveway
Appliances
CounterTop, Dryer, Dishwasher, Disposal, GasOven, GasRange, GasWaterHeater, Refrigerator, RangeHood, TanklessWaterHeater, Washer
Subdivision
Fayetteville Outlots
Lot features
Central Business District, Near Park, Subdivision
Directions
Head South on 71B, turn right onto AR-16/W 15th St, turn Right onto S Duncan Ave. Property on the right.
Standard status
Active
APN
765-14970-001
Size
2,580 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
PT LOT 27 0.11 AC FURTHER DESCRIBED IN 2019-20870 AS: PART OF THE SOUTHWEST 1/4 OF THE NORTHWEST 1/4 OF SECTION 21, TOWNSHIP 16 NORTH, RANGE 30 WEST, FAYETTEVILLE, WASHINGTON COUNTY, ARKANSAS BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT A P
Tax Annual Amount
695
Legal Description
PT LOT 27 0.11 AC FURTHER DESCRIBED IN 2019-20870 AS: PART OF THE SOUTHWEST 1/4 OF THE NORTHWEST 1/4 OF SECTION 21, TOWNSHIP 16 NORTH, RANGE 30 WEST, FAYETTEVILLE, WASHINGTON COUNTY, ARKANSAS BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT A P
Utilities
Heating system
Central, Natural Gas
Cooling system
Central Air, Electric
Water source
Public
Amenities
open floor plan
modern kitchen
gas range
open shelving
pantry
ensuite bathrooms
half bath
Building Details
Year built
2022
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Tile
Building materials
Brick, Concrete
Roof type
Shingle
Architectural style
Craftsman
Listing Agency:
Arkansas Real Estate Group Fayetteville
(479) 318-0433
Listed By:
Zachary Stanley · License #SA00087858
(479) 466-7600
Added: Feb 3
Changed: Aug 1
Last Checked: Aug 10 at 6:06AM
MLS# 1334564
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 Craftsman duplex was built in 2022 and offers an open floor plan on each side. Each unit includes a modern kitchen with a gas range, open shelving, and a pantry. The bedrooms feature their own ensuite bathrooms, with an additional half bath downstairs for guests. The home is heated with central natural gas and cooled with central air and electric. Interior finishes include vinyl and tile flooring, and hot water is provided by a tankless water heater. Appliances listed include a dishwasher, disposal, refrigerator, washer/dryer, and range hood.
The property is located in south Fayetteville, just minutes from the University of Arkansas. Exterior features include a porch and a concrete driveway, with public water service and a shingle roof.
The duplex sits on a 0.11-acre lot with a total property size of 2,580 square feet.
The property is located in south Fayetteville, just minutes from the University of Arkansas. Exterior features include a porch and a concrete driveway, with public water service and a shingle roof.
The duplex sits on a 0.11-acre lot with a total property size of 2,580 square feet.
Key Highlights
- Built in 2022 Craftsman duplex with open floor plan on each side
- Each side has bedrooms with ensuite bathrooms plus a half bath downstairs
- Modern kitchens with gas range, open shelving, and pantry
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
$23,218
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
3.57%
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%
$464,360
$464.4K
Cap Rate 7%
$331,686
$331.7K
Cap Rate 9%
$257,978
$258.0K
Market Conditions
NOI Build-Up for 2,580 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
$35.6K $13.80/SF
− Vacancy
−$2.4K −$0.94/SF
EGI
$33.2K $12.86/SF
− OpEx
−$10.0K −$3.86/SF
NOI
$23.2K $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%
$464,360
Cap Rate 7%
$331,686
Cap Rate 9%
$257,978
Alternative Uses
Best Use
Multifamily LT 5
$331.7K
$290.2K – $387.0K
NOI $23,218 @ 7.0% cap · market cap 3.57%
Second Best
Apartment 5plus
$293.5K
$256.8K – $342.4K
NOI $20,543 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$692.5K
$606.0K – $807.9K
NOI $48,476 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
Explore this area
Business Placement
Demographics for 72701, AR
48,269
Population
20,057
Households
2.4
Avg Household Size
28
Median Age
42%
College-Educated
93%
High-School Grad
126.0 sq mi
ZIP Area
383
Density / Sq Mi
$50,413
Median Household Income
$27,305
Median Earnings
$973
Median Rent
$323,900
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 - Craftsman duplex built in two thousand twenty-two with central gas heat and central air, each side with ensuite bathrooms.
Where is this duplex located?
The property is located at 1365 #1- #2 S Duncan Avenue Fayetteville, AR.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Built in 2022 Craftsman duplex with open floor plan on each side; Each side has bedrooms with ensuite bathrooms plus a half bath downstairs; Modern kitchens with gas range, open shelving, and pantry
