New Atkins Duplex For
501 NW Avenue 3 Atkins, AR 72823
501 NW Avenue 3, Atkins, AR, 72823
$309,900
For Sale
$309,900
MULTI_FAMILY - Atkins, AR
Property Size2,132 SF
Lot Size0.37 Acres
Price / SF$145.36
Days on Market292
Property Features for 501 NW Avenue 3
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Property condition
- Under Construction
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 2
- Exterior features
- ConcreteDriveway
- Appliances
- ElectricWaterHeater
- Standard status
- Active
- APN
- 716-00015-001R
- Size
- 2,132 SF
- Lot size
- 0.37 Acres
Taxes and HOA fees
- Tax Description
- PT OF BLK 6 CITY OF ATKINS
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 2025
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Concrete
- Building materials
- Brick, VinylSiding
- Roof type
- Shingle
Listing Agency
River Valley Realty, Inc
(479) 968-6260
800 E Main Street, Russellville, AR
Listed by
Roger Brian Boyer · License #EB00062161
(479) 857-0833
Added: Oct 1, 2025 Checked: Jul 19 at 12:06 pm
MLS# 1323839
Listing URL
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 newly constructed duplex in Atkins, Arkansas, features two units, each with 3 bedrooms and 2 full bathrooms. Constructed with energy-efficient features and stain concrete floors, the property is designed for low maintenance. Situated on a 0.3726-acre lot, the 2,132 square foot duplex offers immediate income potential. The property is suitable for an investor or a family looking to occupy one unit and lease the other. The units are currently managed by a property management brokerage and may be leased prior to sale. An additional lot is available, offering the potential for additional duplexes or a larger yard.
Key Highlights
- Brand new 2025 duplex under construction with 3 bedrooms and 2 full bathrooms on each side
- Concrete driveway and brick with vinyl siding construction
- Stain concrete floors and foam insulation for energy efficiency
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 | $21.7k | $10.20 |
| − Vacancy | −$1.4k | −$0.64 |
| EGI | $20.4k | $9.56 |
| − OpEx | −$6.1k | −$2.87 |
| NOI | $14.3k | $6.69 |
2,132 SF · lease $10.20/SF/yr · vacancy 6.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$203.8K
$178.4K – $237.8K
NOI $14,268 @ 7.0% cap · market cap 4.60%
Second Best
Apartment 5plus
$182.1K
$159.4K – $212.5K
NOI $12,748 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$340.6K
$298.1K – $397.4K
NOI $23,844 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - New construction duplex in Atkins, Arkansas, ready for immediate income.
Where is this duplex located?
The property is located at 501 NW Avenue 3 Atkins, AR.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: Brand new 2025 duplex under construction with 3 bedrooms and 2 full bathrooms on each side; Concrete driveway and brick with vinyl siding construction; Stain concrete floors and foam insulation for energy efficiency
