Two-Unit Duplex with
New
For Sale
$182,160
5 Laramie Cove, Sherwood, AR 72120
Multi-Family, Traditional, Sherwood, AR
Property Size2,070 SF
Lot Size0.25 Acres
Price / SF$88
Days on Market1
Property Features for 5 Laramie Cove
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3
Patio and Porch features
Patio
Interior features
Washer Connection, Dryer Connection-Electric, Smoke Detector, Fan - Ceiling
Exterior features
Fully Fenced, Patio, Covered, Chain Link
Fencing
Full, Chain Link
Appliances
Free-Standing Stove, Electric Range, Dishwasher, Disposal, Refrigerator-Stays, Free-Standing Stove, Electric Range, Dishwasher, Disposal, Refrigerator-Stays
Subdivision
Indian Head Lakes Estates
Lot features
Level, Cul-de-sac, In Subdivision
Elementary school
Sylvan Hills
High school
Sylvan Hills
Directions
Kiehl Avenue to Indianhead Drive, right on Laramie Drive, right on Laramie COVE
Standard status
Active
APN
22S0070025500
Size
2,070 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Lot 270 Blk 0 Indian Head Lake
Tax Annual Amount
1827
Legal Description
Lot 270 Blk 0 Indian Head Lake
Amenities
fenced backyard
patio doors
Building Details
Year built
1971
Floors in Building
1
Number of units
2
Flooring type
Laminate
Roof type
Shingle
Architectural style
Other
Listing Agency:
Eleven 11 Company
(501) 349-2383
Listed By:
Nina DuBois
(501) 349-2383
Added: Aug 25
Last Checked: Aug 25 at 6:06PM
MLS# 26034589
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.
This 2,070-square-foot duplex contains two two-bedroom, one-bath residences on a 0.25-acre lot in Sherwood. Built in 1971, the property has a shingle roof and full chain-link fencing, with patio doors from each unit opening to the rear outdoor space. Each driveway accommodates two cars.
Recent improvements include a 2023 roof replacement and new dishwashers in both residences. Unit A received a 2024 bathroom update, including a new shower surround and toilet, along with a new water heater. Unit B has laminate flooring throughout and a refrigerator installed in 2024. Both units include electric range equipment, disposals, refrigerators, washer connections, dryer connections, ceiling fans, and smoke detectors.
The property is occupied by two established tenants, with one tenancy exceeding 5 years and the other described as multi-year. Showings require at least 24 hours’ notice.
Recent improvements include a 2023 roof replacement and new dishwashers in both residences. Unit A received a 2024 bathroom update, including a new shower surround and toilet, along with a new water heater. Unit B has laminate flooring throughout and a refrigerator installed in 2024. Both units include electric range equipment, disposals, refrigerators, washer connections, dryer connections, ceiling fans, and smoke detectors.
The property is occupied by two established tenants, with one tenancy exceeding 5 years and the other described as multi-year. Showings require at least 24 hours’ notice.
Key Highlights
- 2,070 SF duplex with two 2‑bedroom, 1‑bath units
- 0.25‑acre lot with a full chain‑link fence and patio areas
- New shingle roof installed in 2023
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
$15,572
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
8.55%
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%
$311,440
$311.4K
Cap Rate 7%
$222,457
$222.5K
Cap Rate 9%
$173,022
$173.0K
Market Conditions
NOI Build-Up for 2,070 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
$30.1K $14.52/SF
− Vacancy
−$1.7K −$0.84/SF
EGI
$28.3K $13.68/SF
− OpEx
−$12.7K −$6.16/SF
NOI
$15.6K $7.52/SF
Area
Pulaski County, AR
Vacancy
5.80%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
45.00%
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%
$311,440
Cap Rate 7%
$222,457
Cap Rate 9%
$173,022
Alternative Uses
Best Use
Multifamily LT 5
$248.5K
$217.5K – $289.9K
NOI $17,396 @ 7.0% cap · market cap 9.55%
Second Best
Apartment 5plus
$222.5K
$194.7K – $259.5K
NOI $15,572 @ 7.0% cap · market cap 8.55%
Theoretical Best
Specialty Retail
$394.9K
$345.5K – $460.7K
NOI $27,640 @ 7.0% cap · market cap 15.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
358
Businesses Nearby
Explore this area
Business Placement
Demographics for 72120, AR
34,784
Population
15,216
Households
2.3
Avg Household Size
41
Median Age
35%
College-Educated
95%
High-School Grad
54.2 sq mi
ZIP Area
642
Density / Sq Mi
$75,853
Median Household Income
$48,453
Median Earnings
$1,026
Median Rent
$189,400
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 - Both residences feature patio access, enclosed backyards, and individual driveways for off-street parking.
Where is this duplex located?
The property is located at 5 Laramie Cove Sherwood, AR.
What is the asking price?
The asking price for this property is $182,160.
What are key features of this property?
This property features: 2,070 SF duplex with two 2‑bedroom, 1‑bath units; 0.25‑acre lot with a full chain‑link fence and patio areas; New shingle roof installed in 2023
