Duplex with Washer
For Sale
$199,000
622-624 Newcastle Dr, Sherwood, AR 72120
Multi-Family, Traditional, Sherwood, AR
Property Size2,143 SF
Lot Size0.20 Acres
Price / SF$92.86
Days on Market381
Property Features for 622-624 Newcastle Dr
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Rooms
Bedroom 2, Bedroom 1
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: Sep 13
Last Checked: Sep 27 at 7:06PM
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 contains 2,143 square feet on a 0.20-acre lot and was built in 1977. Interior features include washer connections, free-standing stoves, vinyl flooring, and partial carpeting. The building has a composition roof and includes rooms identified as Bedroom 1 and Bedroom 2.
The property is located at 622-624 Newcastle Dr in Sherwood, Arkansas, within Pulaski County and ZIP Code 72120.
The property is located at 622-624 Newcastle Dr in Sherwood, Arkansas, within Pulaski County and ZIP Code 72120.
Key Highlights
- Duplex property with 2,143 square feet of building area
- Situated on a 0.20‑acre lot
- Built in 1977
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
$18,009
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
9.05%
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%
$360,180
$360.2K
Cap Rate 7%
$257,271
$257.3K
Cap Rate 9%
$200,100
$200.1K
Market Conditions
NOI Build-Up for 2,143 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
$27.5K $12.84/SF
− Vacancy
−$1.8K −$0.83/SF
EGI
$25.7K $12.01/SF
− OpEx
−$7.7K −$3.60/SF
NOI
$18.0K $8.40/SF
Area
Pulaski County, AR
Vacancy
6.50%
Lease Rate
$12.84 /SF/Yr
Expense Ratio
30.00%
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%
$360,180
Cap Rate 7%
$257,271
Cap Rate 9%
$200,100
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
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
253
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential income property with vinyl and partial carpet flooring, composition roofing, and free-standing stoves.
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: Duplex property with 2,143 square feet of building area; Situated on a 0.20‑acre lot; Built in 1977
