Two-Unit Duplex
For Sale
$199,000
622-624 Newcastle Dr, Sherwood, AR 72120
MULTI_FAMILY - Sherwood, AR
Property Size2,143 SF
Lot Size0.20 Acres
Price / SF$92.86
Days on Market324
Property Features for 622-624 Newcastle Dr
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Rooms
Bedroom 1, Bedroom 2
Interior features
Washer Connection
Appliances
Free-Standing Stove, Free-Standing Stove
Subdivision
Royal Manor
Lot features
In Subdivision
Directions
Kiehl to Newcastle
Standard status
Active
APN
23S-049-00-057-00
Size
2,143 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
BLK 6 LOT 7
Tax Annual Amount
1664
Legal Description
BLK 6 LOT 7
Building Details
Year built
1977
Floors in Building
1
Number of units
2
Flooring type
Carpet - Partial, Vinyl
Roof type
Composition
Architectural style
Other
Listing Agency:
CENTURY 21 Prestige Realty · Century 21 Real Estate
(501) 982-4574
Listed By:
John Belden Sr. · License #PB00068696
(501) 259-0555
Added: Sep 12, 2025
Changed: Jul 29
Last Checked: Aug 1 at 4:06PM
MLS# 25037176
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 duplex-style residential income property features two separate units under one roof at 622-624 Newcastle Dr in Sherwood, Arkansas. The listing reflects a total building size of 2,143 square feet on a 0.2-acre lot.
The property is located in Pulaski County within the Sherwood area (ZIP 72120). With its duplex configuration, it can be suited for owners seeking a two-unit rental structure rather than a single-tenant setup.
For prospective buyers, the primary appeal is the multi-unit format and manageable site footprint, which may appeal to investors or owner-operators looking for a residential income property with two units. Buyers can evaluate the current condition and layout during due diligence to confirm unit configurations, operating requirements, and how the building will fit their rental strategy.
The property is located in Pulaski County within the Sherwood area (ZIP 72120). With its duplex configuration, it can be suited for owners seeking a two-unit rental structure rather than a single-tenant setup.
For prospective buyers, the primary appeal is the multi-unit format and manageable site footprint, which may appeal to investors or owner-operators looking for a residential income property with two units. Buyers can evaluate the current condition and layout during due diligence to confirm unit configurations, operating requirements, and how the building will fit their rental strategy.
Key Highlights
- Investment opportunity
- Free‑standing stove included
- Washer connection available
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 | $27.5k | $12.84 |
| − Vacancy | −$1.8k | −$0.83 |
| EGI | $25.7k | $12.01 |
| − OpEx | −$7.7k | −$3.60 |
| NOI | $18.0k | $8.40 |
2,143 SF · lease $12.84/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$257.3K
$225.1K – $300.2K
NOI $18,009 @ 7.0% cap · market cap 9.05%
Second Best
Apartment 5plus
$230.3K
$201.5K – $268.7K
NOI $16,121 @ 7.0% cap · market cap 8.10%
Theoretical Best
Specialty Retail
$408.8K
$357.7K – $476.9K
NOI $28,615 @ 7.0% cap · market cap 14.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
179
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 - Two-unit residential income property in Sherwood, offering a straightforward setup for long-term rental housing.
Where is this duplex located?
The property is located at 622-624 Newcastle Dr Sherwood, AR.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Investment opportunity; Free‑standing stove included; Washer connection available
