Maintenance-Free Duplex Income
For Sale
$509,000
61 Cardinal Lane, Cabot, AR 72023
COMMERCIAL - Cabot, AR
Property Size4,374 SF
Lot Size0.50 Acres
Price / SF$116.37
Days on Market74
Property Features for 61 Cardinal Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Neighborhood Commercial
Parking
8
Interior features
Smoke Detector, Kitchen Area, Living Area, Ceiling Fans, In-Unit Bathroom, Showers
Lot features
Level, Cleared, City Lot, Rental Complex
Directions
From Cabot exit 16, take right onto Highway 321/ Bill Foster Memorial Highway. Proceed for approximately 1.5 miles. Turn left onto Kerr Station Road. Shortly after, turn left onto Cardinal Lane, opposite Middle School So. Property is on the first left.
Subdivision
CABOT SCHOOL DISTRICT
Standard status
Active
Size
4,374 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Description
In Office.
Tax Annual Amount
3021
Legal Description
In Office.
Building Details
Year built
2006
Floors in Building
1
Flooring type
Concrete
Roof type
Shingle
Listing Agency:
Arnett Realty & Investments
(501) 843-1515
Listed By:
Cole Arnett
(501) 259-5508
Added: May 19
Changed: Jul 9
Last Checked: Jul 31 at 4:06AM
MLS# 26020162
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 for-sale property consists of two maintenance-free duplex buildings. Each unit is configured with two bedrooms and two full bathrooms, along with a large open floor plan. The design includes covered back patios and ample parking, supporting convenient tenant day-to-day use.
The duplexes are located near retail, shopping, and entertainment, and are described as within walking distance of elementary, middle, and junior high schools. The lot size is listed as 0.5 acres, and the total property size is 4,374 square feet.
For buyers seeking a residential income asset, the consistent two-bedroom, two-bath unit mix and covered patio features may appeal to tenants who want functional, open living spaces and outdoor coverage. With parking and patio access included for each unit, the property is positioned as a straightforward duplex offering within a connected local amenities area.
The duplexes are located near retail, shopping, and entertainment, and are described as within walking distance of elementary, middle, and junior high schools. The lot size is listed as 0.5 acres, and the total property size is 4,374 square feet.
For buyers seeking a residential income asset, the consistent two-bedroom, two-bath unit mix and covered patio features may appeal to tenants who want functional, open living spaces and outdoor coverage. With parking and patio access included for each unit, the property is positioned as a straightforward duplex offering within a connected local amenities area.
Key Highlights
- 2006‑built maintenance‑free duplexes
- Each unit offers 2 bedrooms and 2 full baths
- Large open floor plans with a kitchen area and living area
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 | $60.4k | $13.80 |
| − Vacancy | −$3.3k | −$0.76 |
| EGI | $57.0k | $13.04 |
| − OpEx | −$17.1k | −$3.91 |
| NOI | $39.9k | $9.13 |
4,374 SF · lease $13.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$570.4K
$499.1K – $665.4K
NOI $39,925 @ 7.0% cap · market cap 7.84%
Second Best
Apartment 5plus
$505.0K
$441.9K – $589.2K
NOI $35,352 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$890.6K
$779.3K – $1.04M
NOI $62,340 @ 7.0% cap · market cap 12.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Explore this area
Business Placement
Demographics for 72023, AR
37,321
Population
14,901
Households
2.5
Avg Household Size
38
Median Age
25%
College-Educated
94%
High-School Grad
98.2 sq mi
ZIP Area
380
Density / Sq Mi
$76,157
Median Household Income
$45,363
Median Earnings
$978
Median Rent
$202,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two duplexes offer two-bedroom, two-bath layouts with covered back patios and ample parking for tenants.
Where is this duplex located?
The property is located at 61 Cardinal Lane Cabot, AR.
What is the asking price?
The asking price for this property is $509,000.
What are key features of this property?
This property features: 2006‑built maintenance‑free duplexes; Each unit offers 2 bedrooms and 2 full baths; Large open floor plans with a kitchen area and living area
