Brick Duplex with Central
For Sale
$259,000
Pending
2371 - 2375 W Holly Street, Fayetteville, AR 72703
MULTI_FAMILY - Fayetteville, AR
Property Size1,776 SF
Lot Size0.31 Acres
Days on Market251
Property Features for 2371 - 2375 W Holly Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 2
Exterior features
GravelDriveway, UnpavedDriveway
Appliances
Dishwasher, GasWaterHeater
Subdivision
Ottis Watson Add
Lot features
Cleared, City Lot, Near Park
Directions
From I-49 South, take Exit 64 toward Weddington Drive and turn left onto W Weddington Drive. Continue for about 0.7 miles, then turn right onto N Salem Road. After about 0.4 miles, turn left onto W Holly Street. Follow W Holly Street for roughly 0.3 miles and the home will be on your right.
Standard status
Pending
APN
765-09406-000
Size
1,776 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Description
Lot 15, Block 2, Section 8, Township 16, Range 30.
Tax Annual Amount
1473
Legal Description
Lot 15, Block 2, Section 8, Township 16, Range 30.
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1967
Floors in Building
1
Number of units
2
Flooring type
Wood, Vinyl, Carpet
Building materials
Brick, VinylSiding
Roof type
Metal
Listing Agency:
Arkansas Real Estate Group Fayetteville
(479) 318-0433
Listed By:
Zachary Stanley · License #SA00087858
(479) 466-7600
Added: Dec 2, 2025
Changed: Aug 1
Last Checked: Aug 10 at 6:06AM
MLS# 1329848
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 property at 2371–2375 W Holly Street features brick construction with vinyl siding and a metal roof. Built in 1967, it is served by public water and public sewer, with central heating and central air throughout. Flooring includes wood, vinyl, and carpet, and in-unit conveniences listed include a dishwasher and a gas water heater.
The property sits on a 0.31-acre lot and uses gravel and unpaved driveways for access. The layout includes multiple bedrooms and two bathrooms across the units, with rooms listed as Bedroom 1 through Bedroom 4 and Bathroom 1 and Bathroom 2.
Located in Fayetteville, Washington County, the duplex is described as minutes from the University of Arkansas and conveniently near I-49 as well as shopping and dining.
The property sits on a 0.31-acre lot and uses gravel and unpaved driveways for access. The layout includes multiple bedrooms and two bathrooms across the units, with rooms listed as Bedroom 1 through Bedroom 4 and Bathroom 1 and Bathroom 2.
Located in Fayetteville, Washington County, the duplex is described as minutes from the University of Arkansas and conveniently near I-49 as well as shopping and dining.
Key Highlights
- Duplex at 2371–2375 W Holly Street, Fayetteville, AR
- 0.31‑acre lot with gravel and unpaved driveway access
- Brick with vinyl siding and a metal roof; built in 1967
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
$15,983
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
6.17%
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%
$319,660
$319.7K
Cap Rate 7%
$228,329
$228.3K
Cap Rate 9%
$177,589
$177.6K
Market Conditions
NOI Build-Up for 1,776 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
$24.5K $13.80/SF
− Vacancy
−$1.7K −$0.94/SF
EGI
$22.8K $12.86/SF
− OpEx
−$6.8K −$3.86/SF
NOI
$16.0K $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%
$319,660
Cap Rate 7%
$228,329
Cap Rate 9%
$177,589
Alternative Uses
Best Use
Multifamily LT 5
$228.3K
$199.8K – $266.4K
NOI $15,983 @ 7.0% cap · market cap 6.17%
Second Best
Apartment 5plus
$202.0K
$176.8K – $235.7K
NOI $14,141 @ 7.0% cap · market cap 5.46%
Theoretical Best
Office A
$476.7K
$417.1K – $556.2K
NOI $33,369 @ 7.0% cap · market cap 12.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
153
Businesses Nearby
Explore this area
Business Placement
Demographics for 72703, AR
33,767
Population
17,202
Households
2
Avg Household Size
33
Median Age
49%
College-Educated
96%
High-School Grad
40.2 sq mi
ZIP Area
840
Density / Sq Mi
$60,232
Median Household Income
$39,190
Median Earnings
$958
Median Rent
$341,700
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 - Fully occupied duplex on W Holly Street with central heat and central air, public utilities, and a metal roof.
Where is this duplex located?
The property is located at 2371 - 2375 W Holly Street Fayetteville, AR.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Duplex at 2371–2375 W Holly Street, Fayetteville, AR; 0.31‑acre lot with gravel and unpaved driveway access; Brick with vinyl siding and a metal roof; built in 1967
