Updated Duplex with Fenced
New
For Sale
$449,879
3153-3155 Old Missouri Road, Fayetteville, AR 72703
Residential, Fayetteville, AR
Property Size2,824 SF
Lot Size0.28 Acres
Price / SF$159.31
Days on Market6
Property Features for 3153-3155 Old Missouri Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 5, Bedroom 6, Bedroom 2
Parking features
Parking Lot
Patio and Porch features
Deck
Exterior features
ConcreteDriveway
Fireplace
1
Appliances
Dryer, ElectricRange, Disposal, GasWaterHeater, Refrigerator, Washer
Subdivision
Rolling Meadows I
Lot features
City Lot, Wooded
Directions
Take i49 to the US 71B/N. College Ave Take US71B South Turn Left onto E Rolling Hills Turn Left onto N Old Missouri Rd 3153 and 3155 will be on the Left
Standard status
Active
APN
765-10235-000
Size
2,824 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Description
Lot 36 Rolling Meadows Phase I 30-17-36
Tax Annual Amount
2216
Legal Description
Lot 36 Rolling Meadows Phase I 30-17-36
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Central Air
Water source
Public
Amenities
covered back decks
separate fenced yards
Building Details
Year built
1976
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Wood, Carpet
Building materials
Brick
Roof type
Shingle, Asphalt
Listing Agency:
Mission House Real Estate
(479) 222-1331
Listed By:
Jon Pianalto · License #SA00098230
(479) 200-2204
Added: Aug 22
Changed: Aug 27
Last Checked: Aug 27 at 2:06PM
MLS# 1359748
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 Fayetteville duplex contains two residential units within 2,824 square feet. Each unit has three bedrooms, one bathroom, a generous living area, a covered rear deck, and its own fenced yard. The property was built in 1976 and features brick construction, central air, natural-gas heating, public water and sewer, and a shingle and asphalt roof. Washers, dryers, and refrigerators convey with both units.
Recent improvements include a roof installed in 2021, a new HVAC system and hot water heater in unit 3155 in January 2022, and a two-year-old water heater in unit 3153. The 0.28-acre property also includes a concrete driveway and parking lot. Located on Old Missouri Road in Fayetteville, the duplex is minutes from the University of Arkansas and I-49.
Recent improvements include a roof installed in 2021, a new HVAC system and hot water heater in unit 3155 in January 2022, and a two-year-old water heater in unit 3153. The 0.28-acre property also includes a concrete driveway and parking lot. Located on Old Missouri Road in Fayetteville, the duplex is minutes from the University of Arkansas and I-49.
Key Highlights
- Duplex with two 3‑bedroom, 1‑bath units
- 2,824 square feet on a 0.28‑acre lot
- New roof installed in 2021
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
$25,414
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
5.65%
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%
$508,280
$508.3K
Cap Rate 7%
$363,057
$363.1K
Cap Rate 9%
$282,378
$282.4K
Market Conditions
NOI Build-Up for 2,824 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
$39.0K $13.80/SF
− Vacancy
−$2.7K −$0.94/SF
EGI
$36.3K $12.86/SF
− OpEx
−$10.9K −$3.86/SF
NOI
$25.4K $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%
$508,280
Cap Rate 7%
$363,057
Cap Rate 9%
$282,378
Alternative Uses
Best Use
Multifamily LT 5
$363.1K
$317.7K – $423.6K
NOI $25,414 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$321.2K
$281.1K – $374.8K
NOI $22,485 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$758.0K
$663.3K – $884.3K
NOI $53,060 @ 7.0% cap · market cap 11.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
243
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 - Two three-bedroom units provide separate outdoor areas, spacious living rooms, and washer-dryer appliances.
Where is this duplex located?
The property is located at 3153-3155 Old Missouri Road Fayetteville, AR.
What is the asking price?
The asking price for this property is $449,879.
What are key features of this property?
This property features: Duplex with two 3‑bedroom, 1‑bath units; 2,824 square feet on a 0.28‑acre lot; New roof installed in 2021
