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    Fayetteville Multifamily Investment Opportunity

    523 S Dockery Lane Fayetteville, AR 72701

    Claim this Listing
    For Sale
    $1,969,000

    MULTI_FAMILY - Fayetteville, AR

    Property size:
    12,180 SF
    Lot size:
    1.40 Acres
    Price / SF:
    $161/SF
    Added:
    May 28, 2025
    Days on Market:
    411
    Last Refresh:
    Jul 12 at 12:06 pm

    Property Features for 523 S Dockery Lane

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2
    Parking features
    Garage
    Appliances
    ElectricWaterHeater
    Standard status
    Active
    APN
    765-14329-000
    Size
    12,180 SF
    Lot size
    1.40 Acres

    Taxes and HOA fees

    Tax Description
    see tax card

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Electric

    Building Details

    Year built
    1995
    Floors in Building
    1
    Number of units
    12
    Building materials
    Brick
    Roof type
    Shingle, Fiberglass

    Listing agent Daniel Smith License #AB00089282

    Listing office Colliers International - Branch Office 3503 S 55th St, Suite 200 102, AR

    Listing date May 28, 2025

    MLS# 1309509 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 multifamily property in Fayetteville features six duplexes, comprising a total of twelve units. Each unit includes 2 bedrooms and 2 bathrooms, with a living space of 1,015 square feet. Constructed in 1995, the property is situated on 1.4 acres and zoned 24. Located at the end of a city street, the property offers a private setting with access to Fayetteville utilities. Each unit is separately metered for utilities. The property is located approximately 2.5 miles from the University of Arkansas campus and 2 miles from downtown Fayetteville. The gross potential monthly income is $13,200, with each unit potentially generating $1,100 per month. The total property size is 12,180 square feet.

    Key Highlights

    • Twelve 2BR/2BA duplex units, 1,015 SF per unit
    • Built in 1995 with brick construction, shingle/fiberglass roof
    • Utilities are metered separately for the units

    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 $168.1k $13.80
    − Vacancy −$11.5k −$0.94
    EGI $156.6k $12.86
    − OpEx −$47.0k −$3.86
    NOI $109.6k $9.00
    12,180 SF · lease $13.80/SF/yr · vacancy 6.84% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $1.57M
    $1.37M – $1.83M (±1% cap)
    NOI $109,611 @ 7.0% cap · market cap 5.57%
    Second Best
    Apartment 5plus
    $1.39M
    $1.21M – $1.62M (±1% cap)
    NOI $96,980 @ 7.0% cap · market cap 4.93%
    Theoretical Best
    Office A
    $3.27M
    $2.86M – $3.81M (±1% cap)
    NOI $228,851 @ 7.0% cap · market cap 11.62%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Kitchen & Bath Showroom Nail Salon Grocery & Convenience Store Spa & Massage Center Furniture & Home Goods Pharmacy Storage Facility (Bike/Boat/Book/etc) Store Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Duplex - Twelve-unit multifamily property near University of Arkansas and downtown Fayetteville.
    Where is this duplex located?
    The property is located at 523 S Dockery Lane Fayetteville, AR.
    What is the asking price?
    The asking price for this property is $1,969,000.
    What are key features of this property?
    This property features: Twelve 2BR/2BA duplex units, 1,015 SF per unit; Built in 1995 with brick construction, shingle/fiberglass roof; Utilities are metered separately for the units
    Contact an agent
    (479) 318-8488
    We can help!
    Contact an agent
    Daniel Smith
    Daniel Smith
    Real Estate License ID: AB00089282
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