Duplex-Style
249 Wedgeview Drive Farmington, AR 72730
249 Wedgeview Drive, Farmington, AR, 72730
$459,500
For Sale
$459,500
MULTI_FAMILY - Other - Farmington, AR
Property Size2,857 SF
Lot Size0.35 Acres
Price / SF$160.83
Days on Market118
Property Features for 249 Wedgeview Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 4, Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 2
- Parking features
- Parking Lot, Garage
- Patio and Porch features
- Patio
- Exterior features
- ConcreteDriveway
- Fencing
- Privacy
- Fireplace
- 1
- Appliances
- ElectricWaterHeater
- Standard status
- Active
- APN
- 760-02020-000
- Size
- 2,857 SF
- Lot size
- 0.35 Acres
Taxes and HOA fees
- Tax Description
- Lot 046, Southwinds S/D, Phase I, Farmington, Ar
- Tax Annual Amount
- 2235
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1995
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile, Carpet, Wood
- Building materials
- Brick, VinylSiding
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
Keller Williams Market Pro Realty
(479) 718-2800
1200 N College Ave, Fayetteville, AR
Listed by
Dave Hodges Team
(479) 777-8031
Added: Mar 26 Updated: Jul 18 at 12:21 am Checked: Jul 21 at 2:06 am
MLS# 1340578
Listing URL
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-style residence features a main house plus an attached, separately entered apartment suite. The main home includes a split floor plan with a large kitchen and dining area, a living room with a gas log fireplace, an office with built-in bookshelves, and a large primary bedroom with an ensuite bath. The property is in overall good condition, with the exception of needed new flooring.
The attached apartment suite offers its own private side entrance and includes a kitchen with pantry, a primary bedroom with an ensuite bath, a guest half bath, and a second bedroom. Outdoor space includes a large privacy-fenced back yard, along with an 18 x 20 metal shed and workshop.
With two distinct living areas under one roof, this layout can fit a variety of household needs, including multi-generational living or owners who want the ability to rent the attached suite while occupying the main house. The separate entrance to the apartment supports practical privacy between occupants.
The attached apartment suite offers its own private side entrance and includes a kitchen with pantry, a primary bedroom with an ensuite bath, a guest half bath, and a second bedroom. Outdoor space includes a large privacy-fenced back yard, along with an 18 x 20 metal shed and workshop.
With two distinct living areas under one roof, this layout can fit a variety of household needs, including multi-generational living or owners who want the ability to rent the attached suite while occupying the main house. The separate entrance to the apartment supports practical privacy between occupants.
Key Highlights
- 1995‑built home with attached, separate apartment suite: main house plus 2‑bedroom, 1.5‑bath, 875 SF unit with its own entrance
- Main house includes split floor plan with large kitchen and dining area, living room with gas log fireplace, and primary bedroom with ensuite bath
- Total rooms include Bedroom 1–5 and multiple bathrooms (Bathroom 1–3) across the main home and attached suite
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 | $39.4k | $13.80 |
| − Vacancy | −$2.7k | −$0.94 |
| EGI | $36.7k | $12.86 |
| − OpEx | −$11.0k | −$3.86 |
| NOI | $25.7k | $9.00 |
2,857 SF · lease $13.80/SF/yr · vacancy 6.84% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$367.3K
$321.4K – $428.5K
NOI $25,711 @ 7.0% cap · market cap 5.60%
Second Best
Apartment 5plus
$325.0K
$284.4K – $379.1K
NOI $22,748 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$766.9K
$671.0K – $894.7K
NOI $53,681 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two attached living units on a privacy-fenced lot, offering a separate-entry apartment suite for flexible occupancy.
Where is this duplex located?
The property is located at 249 Wedgeview Drive Farmington, AR.
What is the asking price?
The asking price for this property is $459,500.
What are key features of this property?
This property features: 1995‑built home with attached, separate apartment suite: main house plus 2‑bedroom, 1.5‑bath, 875 SF unit with its own entrance; Main house includes split floor plan with large kitchen and dining area, living room with gas log fireplace, and primary bedroom with ensuite bath; Total rooms include Bedroom 1–5 and multiple bathrooms (Bathroom 1–3) across the main home and attached suite
