325 Hereford Street, Conway, AR 72032
MULTI_FAMILY - Conway, AR
- Added:
- Apr 7, 2026
- Days on Market:
- 64
- Last Refresh:
- Jun 9 at 12:06 am
Property Features for 325 Hereford Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Exterior features
- Fully Fenced
- Fencing
- Full
- Appliances
- Free-Standing Stove, Gas Range, Refrigerator-Stays, Free-Standing Stove, Gas Range, Refrigerator-Stays
- Standard status
- Active
- Size
- 1,795 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Description
- Lot 6
- Tax Annual Amount
- 1288
Building Details
- Year built
- 1961
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Wood
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Stefanie Schrekenhofer (501) 428-3120
Listing office Arkansas Real Estate Collective, Conway Branch 3200 W Tyler St., Suite B, Russellville, AR (501) 499-2097
Listing date Apr 7, 2026
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.
HighLights
- Duplex: Ideal for investors seeking rental income
- One side vacant and ready to lease immediately
- Newer roof (6‑8 years old)
- New sewer lines
- Original wood flooring
- Fully fenced yard
Overview
The property is located at 325 Hereford Street in Conway, Arkansas (Faulkner County). The lot size is listed at 0.25 acres. At 1,795 square feet total, the duplex offers two separate living areas within a single residential income configuration.
For investors and owner-occupants seeking a duplex with immediate visibility into unit condition, the combination of renovations and a tenant already in place can simplify planning. Because one side is vacant and described as ready to lease at purchase, prospective buyers can review the available unit directly and evaluate how the property’s updates align with their operating approach. The occupied unit provides current rental income from a long-term tenant, subject to existing terms.
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 | $18.3k | $10.20 |
| − Vacancy | −$1.1k | −$0.59 |
| EGI | $17.2k | $9.61 |
| − OpEx | −$5.2k | −$2.88 |
| NOI | $12.1k | $6.73 |
Alternative Uses
Current Use by Public Records
Map
- City
- Conway
- County
- Faulkner
- State
- Arkansas
- Longitude
- -92.430045
- Latitude
- 35.096301
