Townhome Community with Single-Family
707 E Maryland Sherwood, AR 72120
707 E Maryland, Sherwood, AR, 72120
$2,200,000
For Sale
$2,200,000
MULTI_FAMILY - Sherwood, AR
Property Size13,718 SF
Lot Size1.10 Acres
Price / SF$160.37
Days on Market21
Property Features for 707 E Maryland
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Parking features
- Carport
- Interior features
- Washer Connection, Washer-Stays, Dryer Connection-Electric, Dryer-Stays, All Units
- Exterior features
- Guttering
- Appliances
- Built-In Stove, Electric Range, Dishwasher, Built-In Stove, Electric Range, Dishwasher
- Standard status
- Active
- Size
- 13,718 SF
- Lot size
- 1.10 Acres
Taxes and HOA fees
- Tax Description
- on file
- Tax Annual Amount
- 12815
Building Details
- Year built
- 1985
- Floors in Building
- 2
- Number of units
- 19
- Flooring type
- Tile, Vinyl
- Roof type
- Composition
- Architectural style
- Other
Listing Agency
IRealty Arkansas - Sherwood
(501) 392-6298
208 E Kiehl, Suite 6, Sherwood, AR
Listed by
Sonya Rhea
(501) 519-9373
Added: Jun 29 Checked: Jul 19 at 7:06 am
MLS# 26026228
Listing URL
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 multifamily property includes an 18-unit townhome community and a separate single-family residence. The townhomes are configured as eighteen 2-bedroom, 1.5-bath units, and each unit has in-unit washers and dryers for added resident convenience. In addition, the property provides a separate 3-bedroom, 2-bath single-family home, which can support either added rental income or on-site management use. The property has been well maintained, including a new roof installed in 2026.
Located at 707 E Maryland in Sherwood, Arkansas (Pulaski County, ZIP 72120), the offering is listed as a total site area of 1.1 acres with an overall property size of 13,718 square feet.
For investors and operators seeking a multifamily structure with a mix of unit types, the combination of townhome units and a standalone home can provide more flexibility in tenanting strategy. The seller reports the property is operating at a 7.18% cap rate based on current financials, and the unit mix is described as desirable with multiple income sources.
Located at 707 E Maryland in Sherwood, Arkansas (Pulaski County, ZIP 72120), the offering is listed as a total site area of 1.1 acres with an overall property size of 13,718 square feet.
For investors and operators seeking a multifamily structure with a mix of unit types, the combination of townhome units and a standalone home can provide more flexibility in tenanting strategy. The seller reports the property is operating at a 7.18% cap rate based on current financials, and the unit mix is described as desirable with multiple income sources.
Key Highlights
- Multifamily property with 18 townhome units (2BR, 1.5BA) plus an additional 3BR, 2BA single‑family home
- Townhome units include in‑unit washer and dryer hookups, plus washer/dryer included
- New roof installed in 2026; roof type: composition
Local Financial Insights For Apartment 5plus
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 | $199.2k | $14.52 |
| − Vacancy | −$11.6k | −$0.84 |
| EGI | $187.6k | $13.68 |
| − OpEx | −$84.4k | −$6.16 |
| NOI | $103.2k | $7.52 |
13,718 SF · lease $14.52/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.47M
$1.29M – $1.72M
NOI $103,198 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.62M
$2.29M – $3.05M
NOI $183,171 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - 18 two-bedroom townhome units with in-unit laundry plus a separate three-bedroom house for additional rental flexibility.
Where is this apartment building located?
The property is located at 707 E Maryland Sherwood, AR.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Multifamily property with 18 townhome units (2BR, 1.5BA) plus an additional 3BR, 2BA single‑family home; Townhome units include in‑unit washer and dryer hookups, plus washer/dryer included; New roof installed in 2026; roof type: composition
