Well-Maintained Duplex
1 Highway 253 Lavaca, AR 72941
New
1 Highway 253, Lavaca, AR, 72941
$294,000
For Sale
$294,000
MULTI_FAMILY - Lavaca, AR
Property Size2,035 SF
Lot Size0.37 Acres
Price / SF$144.47
Days on Market3
Property Features for 1 Highway 253
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Rooms
- Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 3
- Parking features
- Assigned
- Window features
- Vinyl Frames
- Appliances
- Dishwasher, Electric
- Standard status
- Active
- APN
- 69359-0086-00000-00
- Size
- 2,035 SF
- Lot size
- 0.37 Acres
Taxes and HOA fees
- Tax Description
- PT NE NE, 120' X 135
- Tax Annual Amount
- 1489
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 2011
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Laminate, Tile - Ceramic
- Roof type
- Shingle
Listing agency
Keller Williams Platinum Realty
(479) 434-3000
Listed by
Laura McLean · License #SA00081842
(479) 434-3000
Added: Jul 19 Updated: Jul 20 at 1:28PM Checked: Jul 21 at 3:06PM
MLS# 1090503
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.
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two separate residential units, each featuring 2 bedrooms and 2 full bathrooms. The property is described as being in fantastic condition with functional, comfortable floor plans for tenant use, and it is currently tenant occupied.
Located at 1 Highway 253 in Lavaca, Arkansas, the duplex sits on a quiet corner lot in a rural setting, approximately 12 miles from Fort Smith. A spacious parking lot on site provides parking for residents and guests.
With 2-bedroom, 2-bath layouts in each unit, the configuration supports an owner seeking a simple duplex structure with consistent unit mix.
Located at 1 Highway 253 in Lavaca, Arkansas, the duplex sits on a quiet corner lot in a rural setting, approximately 12 miles from Fort Smith. A spacious parking lot on site provides parking for residents and guests.
With 2-bedroom, 2-bath layouts in each unit, the configuration supports an owner seeking a simple duplex structure with consistent unit mix.
Key Highlights
- Well‑maintained duplex built in 2011
- Each unit has 2 bedrooms and 2 full bathrooms
- Central heating and central air with electric systems
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 | $20.8k | $10.20 |
| − Vacancy | −$1.5k | −$0.73 |
| EGI | $19.3k | $9.47 |
| − OpEx | −$5.8k | −$2.84 |
| NOI | $13.5k | $6.63 |
2,035 SF · lease $10.20/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$192.8K
$168.7K – $224.9K
NOI $13,495 @ 7.0% cap · market cap 4.59%
Second Best
Apartment 5plus
$172.2K
$150.6K – $200.9K
NOI $12,051 @ 7.0% cap · market cap 4.10%
Theoretical Best
Healthcare Medical
$433.0K
$378.9K – $505.1K
NOI $30,308 @ 7.0% cap · market cap 10.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex on a quiet corner lot with each unit offering 2 bedrooms and 2 full bathrooms and on-site parking.
Where is this duplex located?
The property is located at 1 Highway 253 Lavaca, AR.
What is the asking price?
The asking price for this property is $294,000.
What are key features of this property?
This property features: Well‑maintained duplex built in 2011; Each unit has 2 bedrooms and 2 full bathrooms; Central heating and central air with electric systems
