Fayetteville Triplex Near
216 E Spring Street Fayetteville, AR 72701
For Sale
$650,000
MULTI_FAMILY - Fayetteville, AR
Property Size3,072 SF
Lot Size0.11 Acres
Price / SF$211.59
Days on Market81
Property Features for 216 E Spring Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 1, Basement, Bathroom 3, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 2
- Parking features
- Assigned
- Exterior features
- ConcreteDriveway
- Appliances
- Dryer, ElectricWaterHeater, Refrigerator, Washer
- Standard status
- Active
- APN
- 765-11663-000
- Size
- 3,072 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Description
- LOT 8 BLOCK 2
- Tax Annual Amount
- 4568
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 1941
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Carpet, Wood, Concrete
- Building materials
- WoodSiding
- Roof type
- Shingle, Asphalt
Listing Agency:
Navigate Real Estate
(479) 841-3639
Listed By:
Jackson Williams · License #PB00059990
(479) 841-3639
Added: May 6
Changed: Jul 18
Last Checked: Jul 25 at 9:06PM
MLS# 1342931
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 three-unit apartment building is located one block south of North College Avenue and three blocks from both Dickson Street and the Fayetteville Square. The property features three unique units with large rooms and off-street parking. The units are currently tenant-occupied. The property is a downtown income-producing property.
Key Highlights
- Three‑unit apartment building that is fully leased, with all units tenant occupied
- Located about 1 block south of N College and about 3 blocks from Dickson Street and Fayetteville Square
- Off‑street parking with assigned parking; concrete driveway
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 | $42.4k | $13.80 |
| − Vacancy | −$2.9k | −$0.94 |
| EGI | $39.5k | $12.86 |
| − OpEx | −$11.8k | −$3.86 |
| NOI | $27.6k | $9.00 |
3,072 SF · lease $13.80/SF/yr · vacancy 6.84% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$394.9K
$345.6K – $460.8K
NOI $27,646 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$349.4K
$305.8K – $407.7K
NOI $24,460 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$824.6K
$721.5K – $962.0K
NOI $57,720 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Fully leased triplex near Dickson Street and Fayetteville Square.
Where is this triplex located?
The property is located at 216 E Spring Street 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: Three‑unit apartment building that is fully leased, with all units tenant occupied; Located about 1 block south of N College and about 3 blocks from Dickson Street and Fayetteville Square; Off‑street parking with assigned parking; concrete driveway
