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    622 S 6Th St Van Buren, AR 72956

    View on Map
    Sponsored
    For Sale
    $250,000

    MULTI_FAMILY - Van Buren, AR

    Property size:
    2,904 SF
    Lot size:
    0.18 Acres
    Days on Market:
    54
    Last Refresh:
    Mar 15 at 11:06 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

    Utilities

    Heating system
    Natural Gas, Central
    Cooling system
    Electric, Central Air

    Building Details

    Floors in Building
    2
    Number of units
    3
    Flooring type
    Wood, Tile - Ceramic
    Roof type
    Shingle

    We can help!

    Listing Contact
    Team Salsbury

    AROK Realty, LLC (479) 719-1234

    Listing agent Team Salsbury

    Listing date Jan 20, 2026

    MLS# 1086530

    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.

    Learn more

    Property Insight Report

    Overview

    Turnkey Multifamily Investment Opportunity

    This turnkey investment property features a three-unit configuration situated on a 0.18-acre lot. The property includes a 2-bedroom, 2-bathroom single-family home at 622 S 6th St, offering approximately 1,368 square feet with a formal dining area, breakfast nook, and fenced yard. A new HVAC system was installed in August 2024. The tenant is responsible for all utility payments for the house. Additionally, the property includes a duplex at 415 Wood St, converted from a garage. The upstairs unit is a 2-bedroom, 1-bathroom apartment, while the downstairs unit is a studio with 1 bathroom. Both duplex units are equipped with a range, fridge, and washer & dryer. Energy-efficient mini-splits were added in 2023, with one unit per duplex. The property generates a gross scheduled rent of $2,800 per month ($33,600 per year), including $50 in monthly pet fees. The house rents for $950, the upstairs unit for $1,000, and the downstairs unit for $800, plus pet fees. Long-term leases are in place through July 2026 and October 2026. On-site parking is available, along with street parking. The property is located in Van Buren, AR. The total property size is approximately 2,904 square feet. The duplex utilities are owner-paid due to shared meters.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Van Buren
    County
    Crawford
    State
    Arkansas
    Longitude
    -94.349258
    Latitude
    35.430517

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    FAQs

    What type of property is this?
    Multifamily property - Three-unit property with diversified unit mix and strong cash flow.
    Where is this multifamily property 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 $250,000.
    What are key features of this property?
    This property features: - Turnkey 3-unit investment property with diversified unit mix.; - Professional property management in place for easy transition.; - Strong in-place cash flow with gross scheduled rent of $33,600/year.
    (479) 719-1234
    Request Owner's contact information
    622 S 6Th St Van Buren, AR 72956
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    622 S 6Th St Van Buren, AR 72956
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    We can help!
    Listing Contact
    Team Salsbury
    (479) 719-1234
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