Duplex with Private Parking and
For Sale
Under Contract
$189,900
307 & 309 Washington, Ward, AR 72176
MULTI_FAMILY - Ward, AR
Property Size1,740 SF
Lot Size0.27 Acres
Price / SF$109.14
Days on Market61
Property Features for 307 & 309 Washington
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2
Patio and Porch features
Porch
Interior features
Washer Connection, Dryer Connection-Electric, Hot Water Heater-Electric, Smoke Detector, Fan - Ceiling
Exterior features
Porch
Appliances
Free-Standing Stove, Dishwasher, Free-Standing Stove, Dishwasher
Subdivision
OT Ward
Lot features
Level
Directions
Head northeast on 2nd St. towards Moore St. Turn right onto 4th Street. Follow through the curve. Destination will be on the right.
Standard status
Active Under Contract
APN
800-01901-002
Size
1,740 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Description
See Survey
Tax Annual Amount
1057
Legal Description
See Survey
Building Details
Year built
1996
Floors in Building
1
Number of units
2
Flooring type
Laminate, Vinyl, Tile, Carpet - Partial
Roof type
Shingle
Architectural style
Other
Listing Agency:
MVP Real Estate
(501) 459-6871
Listed By:
Laura Casteel
(501) 733-1602
Added: Jun 1
Changed: Jul 31
Last Checked: Jul 31 at 4:06AM
MLS# 26021977
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. 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.
Duplex at 307 & 309 Washington in Ward, offering two units with two bedrooms and one bathroom each. Each unit has its own parking and outdoor space, and the exterior features include a porch. Interior amenities include washer and dryer connections (electric dryer), electric hot water heater, smoke detectors, and ceiling fans, with flooring that includes laminate, vinyl, tile, and partial carpet. Appliances listed include free-standing stoves and dishwashers.
Property improvements include a new shingle roof installed within the last 3–4 years and HVAC replacement in 2018. The duplex is on a 0.27-acre lot and was built in 1996.
The duplex is described as fully occupied, with tenant-occupied showings requiring 24-hour notice.
Property improvements include a new shingle roof installed within the last 3–4 years and HVAC replacement in 2018. The duplex is on a 0.27-acre lot and was built in 1996.
The duplex is described as fully occupied, with tenant-occupied showings requiring 24-hour notice.
Key Highlights
- Two‑unit duplex with each unit offering two bedrooms and one bathroom
- New shingle roof installed within the last 3–4 years
- HVAC replacement completed in 2018
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 | $24.0k | $13.80 |
| − Vacancy | −$1.3k | −$0.76 |
| EGI | $22.7k | $13.04 |
| − OpEx | −$6.8k | −$3.91 |
| NOI | $15.9k | $9.13 |
1,740 SF · lease $13.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$226.9K
$198.5K – $264.7K
NOI $15,882 @ 7.0% cap · market cap 8.36%
Second Best
Apartment 5plus
$200.9K
$175.8K – $234.4K
NOI $14,063 @ 7.0% cap · market cap 7.41%
Theoretical Best
Office A
$354.3K
$310.0K – $413.3K
NOI $24,799 @ 7.0% cap · market cap 13.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 72176, AR
9,418
Population
3,598
Households
2.6
Avg Household Size
34
Median Age
18%
College-Educated
88%
High-School Grad
70.4 sq mi
ZIP Area
134
Density / Sq Mi
$77,511
Median Household Income
$45,962
Median Earnings
$995
Median Rent
$165,000
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 - Duplex with two units, each with its own parking and porch, plus HVAC replacement in 2018 and newer roof.
Where is this duplex located?
The property is located at 307 & 309 Washington Ward, AR.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Two‑unit duplex with each unit offering two bedrooms and one bathroom; New shingle roof installed within the last 3–4 years; HVAC replacement completed in 2018
