Updated Duplex with
For Sale
$445,500
1372 & 1374 N Chickadee Avenue, Fayetteville, AR 72704
MULTI_FAMILY - Fayetteville, AR
Property Size2,324 SF
Lot Size0.23 Acres
Price / SF$191.70
Days on Market9
Property Features for 1372 & 1374 N Chickadee Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 4, Bedroom 6, Bedroom 3, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 5
Parking features
Garage
Patio and Porch features
Patio
Exterior features
ConcreteDriveway
Fireplace
1
Appliances
BuiltInRange, BuiltInOven, Dryer, Dishwasher, ElectricOven, ElectricRange, ElectricWaterHeater, Disposal, Refrigerator, RangeHood, Washer
Subdivision
Northwest Acres
Lot features
Central Business District, City Lot, Industrial Park, Subdivision
Elementary school district
Fayetteville
Middle school district
Fayetteville
High school district
Fayetteville
Directions
From Exit 64 (Wedington) off of I-49, Head west on Wedington. Turn right on N Carriageway, take third right onto W Thrasher Dr, property is straight ahead on the outside corner of Thrasher and Chickadee
Standard status
Active
APN
765-20019-000
Size
2,324 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
Lot 14, NORTHWEST ACRES, PHASE V
Tax Annual Amount
3245
Legal Description
Lot 14, NORTHWEST ACRES, PHASE V
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1996
Floors in Building
1
Number of units
2
Flooring type
Carpet, Vinyl
Building materials
Brick, VinylSiding
Roof type
Asphalt, Shingle
Listing Agency:
Harris Heights Realty
(479) 420-4292
Listed By:
Ryan Richards · License #EB00088607
(479) 770-4770
Added: Aug 3
Changed: Aug 4
Last Checked: Aug 11 at 10:06PM
MLS# 1357523
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 duplex contains 2,324 square feet across two residences, each with 3 bedrooms, 2 bathrooms, and a 1-car garage. Built in 1996, the property has a new roof installed in July, along with fresh interior paint, revised tub and shower surrounds, modern countertops, updated lighting and plumbing fixtures, and replaced sliding glass doors. Both units convey with refrigerators, washers, dryers, and newer appliances. Additional improvements include new bedroom carpeting, a dishwasher, and a water heater in unit 1374, plus a new HVAC system and garbage disposal in unit 1372.
The property occupies 0.2343 acres at 1372 & 1374 N Chickadee Avenue in Fayetteville. It is less than 2 miles from I-49 and the Wedington interchange and 3 miles from the University of Arkansas. Public water and sewer serve the property, with central electric heating and cooling, a concrete driveway, patios, and a fireplace.
The property occupies 0.2343 acres at 1372 & 1374 N Chickadee Avenue in Fayetteville. It is less than 2 miles from I-49 and the Wedington interchange and 3 miles from the University of Arkansas. Public water and sewer serve the property, with central electric heating and cooling, a concrete driveway, patios, and a fireplace.
Key Highlights
- 2,324‑square‑foot duplex on 0.2343 acres
- Two units, each with 3 bedrooms, 2 bathrooms, and a 1‑car garage
- New roof installed in July; property built in 1996
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
$20,914
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
4.69%
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%
$418,280
$418.3K
Cap Rate 7%
$298,771
$298.8K
Cap Rate 9%
$232,378
$232.4K
Market Conditions
NOI Build-Up for 2,324 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
$32.1K $13.80/SF
− Vacancy
−$2.2K −$0.94/SF
EGI
$29.9K $12.86/SF
− OpEx
−$9.0K −$3.86/SF
NOI
$20.9K $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%
$418,280
Cap Rate 7%
$298,771
Cap Rate 9%
$232,378
Alternative Uses
Best Use
Multifamily LT 5
$298.8K
$261.4K – $348.6K
NOI $20,914 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$264.3K
$231.3K – $308.4K
NOI $18,504 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$623.8K
$545.8K – $727.8K
NOI $43,666 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
196
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences feature refreshed interiors, private garages, and recently replaced household appliances.
Where is this duplex located?
The property is located at 1372 & 1374 N Chickadee Avenue Fayetteville, AR.
What is the asking price?
The asking price for this property is $445,500.
What are key features of this property?
This property features: 2,324‑square‑foot duplex on 0.2343 acres; Two units, each with 3 bedrooms, 2 bathrooms, and a 1‑car garage; New roof installed in July; property built in 1996
