3-Unit Triplex with Garage
622 S 6th ST, Van Buren, AR 72956
MULTI_FAMILY - Van Buren, AR
Property size:
2,904 SFLot size:
0.18 AcresPrice / SF:
$79/SF- Added:
- Jan 19, 2026
- Days on Market:
- 148
- Last Refresh:
- Jun 16 at 4:06 pm
Property Features for 622 S 6th ST
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- APN
- 700-00660-000
- Size
- 2,904 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Description
- PT 4 & SE 1/3 5 & 6
- Tax Annual Amount
- 1119
Utilities
- Heating system
- Natural Gas, Central
- Cooling system
- Central Air, Electric
Building Details
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Tile - Ceramic, Wood
- Roof type
- Shingle
Listing agent Team Salsbury (479) 719-1234
Listing office AROK Realty, LLC 406 Webster, Van Buren, AR (479) 719-1234
Listing date Jan 19, 2026
MLS# 1086530
Listing URL
Copyright © 2026 Western River Valley Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Turnkey 3‑unit investment property on one parcel with diversified unit mix.
- Professional property management in place for easy transition and low‑touch operations.
- Strong in‑place cash flow with gross scheduled rent of $33,600/year.
- Long‑term leases in place through July 2026 and Oct 2026.
- 622 S 6th St features new HVAC (Aug 2024) and a fenced yard.
- 415 Wood St duplex units include energy‑efficient mini‑splits (added 2023) and in‑unit washer & dryer.
Overview
This turnkey 3-unit investment consists of a single-family home at 622 S 6th St and a two-unit garage-conversion duplex at 415 Wood St, all on one parcel. The house offers 2 bedrooms and 2 bathrooms with a formal dining area, breakfast nook, and fenced yard. The duplex includes an upstairs 2BR/1BA unit and a downstairs studio/1BR unit, each with kitchen appliances provided by the seller, including range, refrigerator, and washer/dryer; the downstairs unit also includes a dishwasher. HVAC was replaced at 622 S 6th St in August 2024, and energy-efficient mini-splits were added in 2023, one per duplex unit.
The property features on-site parking plus street parking. Tenants pay all utilities for the house. For the duplex, utilities are owner-paid due to shared meters, and the seller can provide operating history. Long-term leases are in place through July 2026 and October 2026, with additional lease details available.
Gross scheduled rent is $2,800 per month, including $50 per month in pet fees. The listing notes a flood zone and an estimated recent flood premium of approximately $480.53 per year, as well as 2024 taxes of approximately $488 (both to be verified). With professional property management in place, the seller describes this as a low-touch operating setup with an easy transition for the next owner.
The property features on-site parking plus street parking. Tenants pay all utilities for the house. For the duplex, utilities are owner-paid due to shared meters, and the seller can provide operating history. Long-term leases are in place through July 2026 and October 2026, with additional lease details available.
Gross scheduled rent is $2,800 per month, including $50 per month in pet fees. The listing notes a flood zone and an estimated recent flood premium of approximately $480.53 per year, as well as 2024 taxes of approximately $488 (both to be verified). With professional property management in place, the seller describes this as a low-touch operating setup with an easy transition for the next owner.
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 | $29.6k | $10.20 |
| − Vacancy | −$1.9k | −$0.66 |
| EGI | $27.7k | $9.54 |
| − OpEx | −$8.3k | −$2.86 |
| NOI | $19.4k | $6.68 |
2,904 SF · lease $10.20/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$277.1K
$242.4K – $323.3K
NOI $19,395 @ 7.0% cap · market cap 8.43%
Second Best
Apartment 5plus
$255.2K
$223.3K – $297.7K
NOI $17,863 @ 7.0% cap · market cap 7.77%
Theoretical Best
Office A
$556.8K
$487.2K – $649.6K
NOI $38,974 @ 7.0% cap · market cap 16.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Van Buren
- County
- Crawford
- State
- Arkansas
- Longitude
- -94.349258
- Latitude
- 35.430517
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Turnkey 3-unit income property with recent HVAC updates and long-term leases in place.
Where is this triplex located?
The property is located at 622 S 6th ST Van Buren, AR.
What is the asking price?
The asking price for this property is $229,999.
What are key features of this property?
This property features: Turnkey 3‑unit investment property on one parcel with diversified unit mix.; Professional property management in place for easy transition and low‑touch operations.; Strong in‑place cash flow with gross scheduled rent of $33,600/year.
