Under-Construction Duplex With One-Car
For Sale
$489,950
6500 & 6502 Kathleen Street, Bentonville, AR 72713
MULTI_FAMILY - Bentonville, AR
Property Size2,502 SF
Lot Size0.21 Acres
Price / SF$195.82
Days on Market66
Property Features for 6500 & 6502 Kathleen Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 4, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 3, Bedroom 5, Bedroom 6
Parking features
Open, Garage
Exterior features
ConcreteDriveway
Appliances
Dishwasher, ElectricRange, ElectricWaterHeater, Disposal, Microwave, Refrigerator
Subdivision
Woodward Park Ph Ii Highfill
Lot features
Cleared, Cul De Sac, Subdivision
Elementary school district
Bentonville
Middle school district
Bentonville
High school district
Bentonville
Directions
From Regional Airport Blvd, N Onto Hutcheson, W Onto NW 63rd, N Onto Kathleen.
Standard status
Active
APN
22-01469-000
Size
2,502 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Description
PLAT 11/3/2023 L202357176 & EMST PLAT 8/17/2023 L202342320(SEE ADMIN NTS)
Tax Annual Amount
728
Legal Description
PLAT 11/3/2023 L202357176 & EMST PLAT 8/17/2023 L202342320(SEE ADMIN NTS)
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2025
Floors in Building
1
Number of units
2
Flooring type
Carpet, Vinyl, Tile
Building materials
Brick, VinylSiding
Roof type
Shingle
Listing Agency:
Collier & Associates
(479) 274-0662
Listed By:
Brandon Still · License #SA00081991
(479) 236-2900
Added: Jun 10
Changed: Aug 1
Last Checked: Aug 14 at 5:06PM
MLS# 1351501
Copyright © 2026 ArkansasONE MLS. 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 under-construction duplex is planned for owner flexibility or dual-rental income, with each side including three bedrooms, two bathrooms, and a one-car garage. The property is set up for central heating and central air conditioning, with interior finishes including carpet, vinyl, and tile. Construction materials include brick and vinyl siding, and the exterior includes a concrete driveway. Appliances listed include a dishwasher, electric range, microwave, disposal, refrigerator, and an electric water heater.
The duplex is located at 6500 & 6502 Kathleen Street in Bentonville and is within the Bentonville School District. It offers easy access to Northwest Arkansas National Airport (XNA) and proximity to amenities referenced in the area, including Crystal Bridges Museum and the Downtown Bentonville square.
Built in 2025 and currently under construction, this duplex is designed as a modern, straightforward two-unit setup with driveway and parking features listed as open and garage parking.
The duplex is located at 6500 & 6502 Kathleen Street in Bentonville and is within the Bentonville School District. It offers easy access to Northwest Arkansas National Airport (XNA) and proximity to amenities referenced in the area, including Crystal Bridges Museum and the Downtown Bentonville square.
Built in 2025 and currently under construction, this duplex is designed as a modern, straightforward two-unit setup with driveway and parking features listed as open and garage parking.
Key Highlights
- Under construction duplex on a 0.21‑acre lot
- Each side planned with three bedrooms, two bathrooms, and a one‑car garage
- Year built 2025 with brick and vinyl siding construction
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
$22,838
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
4.66%
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%
$456,760
$456.8K
Cap Rate 7%
$326,257
$326.3K
Cap Rate 9%
$253,756
$253.8K
Market Conditions
NOI Build-Up for 2,502 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
$34.5K $13.80/SF
− Vacancy
−$1.9K −$0.76/SF
EGI
$32.6K $13.04/SF
− OpEx
−$9.8K −$3.91/SF
NOI
$22.8K $9.13/SF
Area
Benton County, AR
Vacancy
5.51%
Lease Rate
$13.80 /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%
$456,760
Cap Rate 7%
$326,257
Cap Rate 9%
$253,756
Alternative Uses
Best Use
Multifamily LT 5
$326.3K
$285.5K – $380.6K
NOI $22,838 @ 7.0% cap · market cap 4.66%
Second Best
Apartment 5plus
$291.1K
$254.7K – $339.6K
NOI $20,378 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$687.6K
$601.6K – $802.2K
NOI $48,130 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,183
Businesses Nearby
Explore this area
Business Placement
Demographics for 72713, AR
25,076
Population
10,752
Households
2.3
Avg Household Size
31
Median Age
58%
College-Educated
97%
High-School Grad
48.5 sq mi
ZIP Area
517
Density / Sq Mi
$117,752
Median Household Income
$72,491
Median Earnings
$1,302
Median Rent
$355,000
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 - Duplex under construction on a 0.21-acre lot, each side planned for three bedrooms and two bathrooms with a one-car garage.
Where is this duplex located?
The property is located at 6500 & 6502 Kathleen Street Bentonville, AR.
What is the asking price?
The asking price for this property is $489,950.
What are key features of this property?
This property features: Under construction duplex on a 0.21‑acre lot; Each side planned with three bedrooms, two bathrooms, and a one‑car garage; Year built 2025 with brick and vinyl siding construction
