372 Erin Place, Springdale, AR 72764
MULTI_FAMILY - Springdale, AR
- Added:
- Jun 25, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 372 Erin Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Exterior features
- ConcreteDriveway
- Appliances
- ElectricWaterHeater
- Standard status
- Active
- APN
- 815-37343-000
- Size
- 5,248 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Description
- Lot 008 Mathias mixed use S/D Washington Co. Ar,
- Tax Annual Amount
- 3097
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Electric
Building Details
- Year built
- 2004
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Tile, Laminate, Carpet
- Building materials
- VinylSiding
- Roof type
- Shingle
Listing agent Hartwick & Associates (479) 866-0655
Listing office NextHome NWA Pro Realty 1401 SW 14th Ste 3 Ste 3, Bentonville, AR (479) 418-3000
Listing date Jun 25, 2026
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
- Triplex built in 2004 at 372 Erin Place in Springdale
- One unit has been recently updated; remaining units are tenant‑occupied
- Current rental mix includes one unit operating as an Airbnb and two units with long‑term tenants
- Electric heating and electric cooling
- Exterior features include a concrete driveway
- Roof is shingle; vinyl siding exterior with tile, laminate, and carpet flooring
Overview
The property is located in Springdale, Arkansas, in Washington County. The listing notes convenient access to shopping, dining, schools, and major commuter routes, supporting a practical residential tenant experience.
For buyers, this setup can fit investors looking for a property that combines short-term and long-term occupancy within a single asset. It may also appeal to an owner-occupant who wants to live in one unit while using the other two units to help offset expenses. With one unit recently updated and the remaining units already placed with tenants, the property offers an immediately usable configuration for a range of residential income approaches.
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 | $72.4k | $13.80 |
| − Vacancy | −$5.0k | −$0.94 |
| EGI | $67.5k | $12.86 |
| − OpEx | −$20.2k | −$3.86 |
| NOI | $47.2k | $9.00 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Springdale
- County
- Washington
- State
- Arkansas
- Longitude
- -94.106588
- Latitude
- 36.180921
