Eight-Unit Multifamily Property For
For Sale
$680,000
1005-1019 N 13th Street Van, Van Buren, AR 72956
Fully leased, well-maintained multifamily property near Van Buren City Park.
Property Size7,412 SF
Lot Size1.66 Acres
Days on Market189
Property Features for 1005-1019 N 13th Street Van
General Information
Standard status
Active
Size
7,412 SF
Lot size
1.66 Acres
Property subtype
Duplex
Amenities
Central
Central Air
Electric
Convection Oven
Dryer
Dishwasher
Electric Water Heater
Disposal
Oven
Range
Refrigerator
Electricity Available, Sewer Available, Water Available, Asphalt, Shingle
Building Details
Building Size
7,412 SF
Year Built
1987
Listing Agency:
Fayetteville, AR
(832) 623-1993
Listed By:
Cheryl Garner · License #SA00083287
(832) 623-1993
Source:
Kw
Added: Feb 16
Changed: Aug 23
Last Checked: Aug 24 at 3:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fayetteville, AR
Investment Insights
Based on property information with market context.
This multifamily property features eight duplex units, each with two bedrooms and one and a half bathrooms. The units are fully leased with a stable lease base. The property is well-maintained, with easy-to-maintain finishes and lawns. The units feature open floor plans and neutral colors. It is centrally located adjacent to Van Buren City Park in a tranquil setting surrounded by trees, near Van Buren High School and the Boys & Girl’s Club, with easy access to the Van Buren Industrial Park. Each unit includes a full complement of kitchen appliances. The roofs are in good condition.
Key Highlights
- Fully‑leased duplex units providing stable income.
- Centrally‑located adjacent to Van Buren City Park in a tranquil, tree‑surrounded setting.
- Well‑maintained property with easy‑to‑maintain finishes and lawns.
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
$49,503
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
7.28%
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%
$990,060
$990.1K
Cap Rate 7%
$707,186
$707.2K
Cap Rate 9%
$550,033
$550.0K
Market Conditions
NOI Build-Up for 7,412 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
$75.6K $10.20/SF
− Vacancy
−$4.9K −$0.66/SF
EGI
$70.7K $9.54/SF
− OpEx
−$21.2K −$2.86/SF
NOI
$49.5K $6.68/SF
Area
Crawford County, AR
Vacancy
6.46%
Lease Rate
$10.20 /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%
$990,060
Cap Rate 7%
$707,186
Cap Rate 9%
$550,033
Alternative Uses
Best Use
Multifamily LT 5
$707.2K
$618.8K – $825.1K
NOI $49,503 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$651.3K
$569.9K – $759.9K
NOI $45,593 @ 7.0% cap · market cap 6.70%
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,475 @ 7.0% cap · market cap 14.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
219
Businesses Nearby
Explore this area
Business Placement
Demographics for 72956, AR
33,870
Population
14,119
Households
2.4
Avg Household Size
39
Median Age
19%
College-Educated
87%
High-School Grad
103.8 sq mi
ZIP Area
326
Density / Sq Mi
$60,387
Median Household Income
$33,894
Median Earnings
$825
Median Rent
$177,100
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 - Fully leased, well-maintained multifamily property near Van Buren City Park.
Where is this duplex located?
The property is located at 1005-1019 N 13th Street Van Van Buren, AR.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Fully‑leased duplex units providing stable income.; Centrally‑located adjacent to Van Buren City Park in a tranquil, tree‑surrounded setting.; Well‑maintained property with easy‑to‑maintain finishes and lawns.
