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    Springdale Duplex with New Roof Title is generated by Realmo AI

    2698 Ruth Avenue, Springdale, AR 72764

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    New
    For Sale
    $389,900

    MULTI_FAMILY - Ranch - Springdale, AR

    Type:Single Family Residence
    Property size:
    2,142 SF
    Lot size:
    0.34 Acres
    Price / SF:
    $182/SF
    Added:
    May 18, 2026
    Days on Market:
    4
    Last Refresh:
    May 21 at 6:06 am

    Property Features for 2698 Ruth Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
    Parking features
    Garage
    Exterior features
    ConcreteDriveway
    Fencing
    Fenced
    Appliances
    Dishwasher, ElectricOven, ElectricRange, Disposal, GasWaterHeater, Refrigerator, RangeHood
    Standard status
    Active
    APN
    815-31433-000
    Size
    2,142 SF
    Lot size
    0.34 Acres

    Taxes and HOA fees

    Tax Description
    Lot 22 Oaks Addition Phase IV
    Tax Annual Amount
    1267

    Utilities

    Heating system
    Natural Gas, Central
    Cooling system
    Electric, Central Air

    Building Details

    Year built
    1993
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Vinyl, Simulatedwood, Tile, Laminate
    Building materials
    Brick
    Roof type
    Shingle
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Gabriel Mejia

    Listing agent Gabriel Mejia License #SA000097906

    Listing office Weichert REALTORS - The Griffin Company Springdale 5100 S Thompson, Springdale, AR

    Listing date May 18, 2026

    MLS# 1347683 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.

    HighLights

    • Duplex offers income‑generating potential in a growing area.
    • New roof and gutters installed in 2025.
    • All‑brick exterior for low maintenance.
    • Each unit includes 2 bedrooms, 1 full bathroom, 1 half bathroom, and a 1‑car garage.
    • Each unit has a private fenced yard.
    • Conveniently located off Hwy 412, providing easy access to amenities.

    Overview

    This duplex in East Springdale presents an investment opportunity. The property features an all-brick exterior and a new roof and gutters, scheduled for installation in 2025. Each of the two units includes 2 bedrooms, 1 full bathroom, 1 half bathroom, and a 1-car garage. The lot size is 0.3391 acres and the property size is 2142 square feet. Each unit is fenced on all sides, providing privacy from neighboring properties. Located off Hwy 412, the duplex offers convenient access to shopping centers, schools, clinics, parks, and other amenities. The refrigerators are included with the purchase. The property is located in Springdale, AR, with easy access to everyday amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springdale
    County
    Washington
    State
    Arkansas
    Longitude
    -94.101292
    Latitude
    36.171825

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    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex in East Springdale with easy highway access.
    Where is this duplex located?
    The property is located at 2698 Ruth Avenue Springdale, AR.
    What is the asking price?
    The asking price for this property is $389,900.
    What are key features of this property?
    This property features: Duplex offers income‑generating potential in a growing area.; New roof and gutters installed in 2025.; All‑brick exterior for low maintenance.
    (479) 318-6433
    We can help!
    Listing Contact
    Gabriel Mejia
    Real Estate License ID: SA000097906
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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