Two-Bedroom Condo
For Sale
$109,777
1 Shelby Drive, Sherwood, AR 72120
Residential, Traditional, Sherwood, AR
Property Size800 SF
Lot Size0.02 Acres
Price / SF$137.22
Days on Market11
Property Features for 1 Shelby Drive
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 1, Bedroom 2
Parking features
Assigned
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Dryer Connection-Electric, Smoke Detector(s), Washer Connection, Water Heater-Electric
Exterior features
Inground Pool, Outside Storage Area, Patio
Fireplace
1
Appliances
Built-In Stove, Ice Maker Connection, Refrigerator-Stays
Subdivision
TREEHILL PARK
Lot features
Level
Elementary school
Oakbrooke
Middle school
Sylvan Hills Middle School
High school
Sylvan Hills
Directions
From Kiehl Avenue, turn onto Shelby Drive. Treehill Condos are on immediate left.
Standard status
Active
Size
800 SF
Lot size
0.02 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2026
Tax Description
Lot 401, Blk 4
Tax Annual Amount
689
HOA Fee
$165 Monthly
Legal Description
Lot 401, Blk 4
Amenities
pool
Building Details
Year built
1984
Floors in Building
1
Flooring type
Vinyl
Roof type
Shingle
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Excel Realty Group, Inc.
Listed By:
Maria Carpenter
(501) 258-8819
Added: Oct 23
Changed: Nov 2
Last Checked: Nov 2 at 5:06PM
MLS# 26042850
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.
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Investment Insights
Based on property information with market context.
This 800-square-foot condominium in Sherwood has two bedrooms and one bathroom. Built in 1984, the unit includes vinyl flooring, a fireplace, ceiling fans, and washer and electric dryer connections. A patio and outside storage area provide additional usable features, and parking is assigned.
The property is currently rented, with the option to continue its rental use or occupy the unit. Community exterior features include an inground pool.
The property is currently rented, with the option to continue its rental use or occupy the unit. Community exterior features include an inground pool.
Key Highlights
- 800‑square‑foot condominium with two bedrooms and one bathroom
- Currently rented; may be purchased for continued rental use or owner occupancy
- Inground pool
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,018
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$120,360
$120.4K
Cap Rate 7%
$85,971
$86.0K
Cap Rate 9%
$66,867
$66.9K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$11.6K $14.52/SF
− Vacancy
−$674 −$0.84/SF
EGI
$10.9K $13.68/SF
− OpEx
−$4.9K −$6.16/SF
NOI
$6.0K $7.52/SF
Area
Pulaski County, AR
Vacancy
5.80%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$120,360
Cap Rate 7%
$85,971
Cap Rate 9%
$66,867
Alternative Uses
Best Use
Apartment 5plus
$86.0K
$75.2K – $100.3K
NOI $6,018 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$152.6K
$133.5K – $178.0K
NOI $10,682 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
301
Businesses Nearby
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Business Placement
Demographics for 72120, AR
34,784
Population
15,216
Households
2.3
Avg Household Size
41
Median Age
35%
College-Educated
95%
High-School Grad
54.2 sq mi
ZIP Area
642
Density / Sq Mi
$75,853
Median Household Income
$48,453
Median Earnings
$1,026
Median Rent
$189,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Currently occupied, the residence may remain a rental or transition to owner occupancy.
Where is this residential income property located?
The property is located at 1 Shelby Drive Sherwood, AR.
What is the asking price?
The asking price for this property is $109,777.
What are key features of this property?
This property features: 800‑square‑foot condominium with two bedrooms and one bathroom; Currently rented; may be purchased for continued rental use or owner occupancy; Inground pool
