Two-Unit Brick
For Sale
$429,000
99/ 101 N Dakota Trail, Farmington, AR 72730
Residential, Farmington, AR
Property Size2,874 SF
Price / SF$149.27
Days on Market48
Property Features for 99/ 101 N Dakota Trail
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 3, Bedroom 6, Bedroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 4
Parking features
Garage, Open
Window features
Vinyl Frames
Patio and Porch features
Patio
Exterior features
ConcreteDriveway
Fencing
Privacy
Appliances
Dryer, Dishwasher, ElectricOven, ElectricRange, ElectricWaterHeater, Disposal, Microwave, Refrigerator, Washer
Subdivision
Southhaven
Lot features
Landscaped, Level, Subdivision
Directions
Traveling west on MLK Jr. Blvd, turn left at Locust St., continue straight onto Dakota Trail, property is on the right.
Standard status
Active
APN
760-02627-000
Size
2,874 SF
Taxes and HOA fees
Tax Description
Lot 27 99/101 Dakota Farmington Ar
Tax Annual Amount
2342
Legal Description
Lot 27 99/101 Dakota Farmington Ar
Utilities
Heating system
Central, Natural Gas
Cooling system
Central Air, Electric
Building Details
Year built
2004
Floors in Building
1
Number of units
2
Flooring type
Tile, Carpet, Simulatedwood, Laminate
Building materials
Brick
Roof type
Fiberglass, Shingle
Architectural style
Contemporary
Listing Agency:
Keller Williams Market Pro Realty · Keller Williams Realty
(479) 718-2800
Listed By:
Michelle Blanz · License #SA00092354
(479) 871-8707
Added: Jul 24
Changed: Sep 6
Last Checked: Sep 9 at 11:06AM
MLS# 1356607
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 2,874-square-foot duplex in Farmington was built in 2004 with a brick exterior and contemporary design. Both residences offer three bedrooms and two bathrooms, with laminate, carpet, simulated wood, and tile flooring. One unit is leased month-to-month, while the other is vacant and available for a tenant or owner occupancy. Central heating uses natural gas, and cooling is electric central air. Each residence includes a kitchen equipped with an electric range, oven, dishwasher, disposal, microwave, refrigerator, washer, dryer, and electric water heater.
The property is located approximately 10 minutes from the University of Arkansas and within reach of shopping, dining, parks, schools, and Fayetteville-area conveniences. Exterior features include garage and open parking, a concrete driveway, patio space, privacy fencing, and a fiberglass shingle roof.
The property is located approximately 10 minutes from the University of Arkansas and within reach of shopping, dining, parks, schools, and Fayetteville-area conveniences. Exterior features include garage and open parking, a concrete driveway, patio space, privacy fencing, and a fiberglass shingle roof.
Key Highlights
- 2,874‑square‑foot duplex completed in 2004
- Each unit includes 3 bedrooms and 2 bathrooms
- One unit is leased month‑to‑month; the second is vacant
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
$25,864
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
6.03%
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%
$517,280
$517.3K
Cap Rate 7%
$369,486
$369.5K
Cap Rate 9%
$287,378
$287.4K
Market Conditions
NOI Build-Up for 2,874 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
$39.7K $13.80/SF
− Vacancy
−$2.7K −$0.94/SF
EGI
$36.9K $12.86/SF
− OpEx
−$11.1K −$3.86/SF
NOI
$25.9K $9.00/SF
Area
Washington County, AR
Vacancy
6.84%
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%
$517,280
Cap Rate 7%
$369,486
Cap Rate 9%
$287,378
Alternative Uses
Best Use
Multifamily LT 5
$369.5K
$323.3K – $431.1K
NOI $25,864 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$326.9K
$286.0K – $381.4K
NOI $22,883 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$771.4K
$675.0K – $900.0K
NOI $54,000 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
342
Businesses Nearby
Explore this area
Business Placement
Demographics for 72730, AR
9,624
Population
4,017
Households
2.4
Avg Household Size
36
Median Age
27%
College-Educated
91%
High-School Grad
20.8 sq mi
ZIP Area
463
Density / Sq Mi
$88,780
Median Household Income
$45,652
Median Earnings
$1,225
Median Rent
$244,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - One residence is leased month-to-month while the second is vacant for a new tenant or owner occupancy.
Where is this duplex located?
The property is located at 99/ 101 N Dakota Trail Farmington, AR.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: 2,874‑square‑foot duplex completed in 2004; Each unit includes 3 bedrooms and 2 bathrooms; One unit is leased month‑to‑month; the second is vacant
