Single-Level Residential Income
New
For Sale
$200,000
1005 S German Ln #88, Conway, AR 72034
Residential, Patio Home, Townhouse, Traditional, Conway, AR
Property Size1,576 SF
Price / SF$126.90
Days on Market2
Property Features for 1005 S German Ln #88
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Den, Bedroom 1, Bathroom 2, Bathroom 1
Parking features
Garage
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Dryer Connection-Electric, Walk-In Closet(s), Washer Connection, Water Heater-Gas, Window Treatments
Exterior features
Guttering, Patio
Fireplace
1
Appliances
Dishwasher, Disposal, Electric Range, Free-Standing Stove, Pantry
Subdivision
CARRIAGE COURTS
Lot features
Extra Landscaping, In Subdivision, Level
Directions
West on Dave Ward, left onto S. German Lane. Right into Carriage Courts.
Standard status
Active
APN
710-08538-048
Size
1,576 SF
Taxes and HOA fees
Tax Year
2026
Tax Description
UNIT 12-B BLDG 12
Tax Annual Amount
1436
HOA Fee
$300 Monthly
Legal Description
UNIT 12-B BLDG 12
Amenities
gas fireplace
private fenced patio
community swimming pool
Building Details
Year built
2002
Floors in Building
1
Flooring type
Tile
Roof type
Shingle
Architectural style
Other
Buildings
1
Listing Agency:
Janet Jones Company
(501) 224-3201
Listed By:
Bob Bushmiaer
(501) 352-0156
Added: Nov 3
Last Checked: Nov 4 at 9:06AM
MLS# 26044257
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 1,576-square-foot, single-level home in Conway has three bedrooms, two full bathrooms, and a two-car garage. Tile flooring runs throughout, and the living room includes a gas fireplace. The kitchen and dining area connect with the main living space; a pantry, dishwasher, disposal, and electric range are among the kitchen features. A private fenced patio extends the living area outdoors, and residents can use the community swimming pool.
Built in 2002, the home also has a den, walk-in closet, ceiling fans, and washer and electric dryer connections. Shopping and dining options are nearby.
Built in 2002, the home also has a den, walk-in closet, ceiling fans, and washer and electric dryer connections. Shopping and dining options are nearby.
Key Highlights
- 1,576‑square‑foot home with three bedrooms and two full bathrooms
- Single‑level layout with no steps or thresholds
- Two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,474
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$189,480
$189.5K
Cap Rate 7%
$135,343
$135.3K
Cap Rate 9%
$105,267
$105.3K
Market Conditions
NOI Build-Up for 1,576 SF
Gross rent
$18.3K $11.64/SF
− Vacancy
−$1.1K −$0.71/SF
EGI
$17.2K $10.93/SF
− OpEx
−$7.8K −$4.92/SF
NOI
$9.5K $6.01/SF
Area
Faulkner County, AR
Vacancy
6.10%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$189,480
Cap Rate 7%
$135,343
Cap Rate 9%
$105,267
Alternative Uses
Best Use
Apartment 5plus
$135.3K
$118.4K – $157.9K
NOI $9,474 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$359.5K
$314.5K – $419.4K
NOI $25,163 @ 7.0% cap · market cap 12.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
245
Businesses Nearby
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Business Placement
Demographics for 72034, AR
47,873
Population
22,523
Households
2.1
Avg Household Size
33
Median Age
44%
College-Educated
94%
High-School Grad
47.9 sq mi
ZIP Area
999
Density / Sq Mi
$61,675
Median Household Income
$40,511
Median Earnings
$993
Median Rent
$250,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The three-bedroom home includes a private fenced patio and shared access to a community pool.
Where is this residential income property located?
The property is located at 1005 S German Ln #88 Conway, AR.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 1,576‑square‑foot home with three bedrooms and two full bathrooms; Single‑level layout with no steps or thresholds; Two‑car garage
