Brick Duplex with Fenced
For Sale
$375,000
Pending
1009 Springhill RD, Barling, AR 72923
MULTI_FAMILY - Barling, AR
Property Size2,572 SF
Lot Size0.28 Acres
Days on Market259
Property Features for 1009 Springhill RD
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
9
Rooms
Bedroom 1, Bedroom 6, Bedroom 4, Bedroom 3, Bedroom 7, Bedroom 8, Bedroom 9, Bedroom 5, Bedroom 2
Subdivision
Springhill Estates
Lot features
In Subdivision, Level
Directions
From Barling, drive north on Hwy 59, Turn right on H Street, Left on Springhill Rd, Unit is on the left.
Standard status
Pending
APN
62510-0005-00000-00
Size
2,572 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Description
LOT 4
Tax Annual Amount
2678
Legal Description
LOT 4
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Amenities
covered entryway
fenced backyard
Building Details
Year built
2015
Floors in Building
1
Number of units
2
Flooring type
Carpet
Roof type
Shingle
Listing Agency:
The Heritage Group Real Estate Co.-Van Buren
(479) 806-5955
Listed By:
The Cluck Graham Team · License #SA00078901
(479) 883-8301
Added: Dec 4, 2025
Changed: Aug 3
Last Checked: Aug 20 at 12:06PM
MLS# 1085542
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 brick duplex in Barling provides a practical, rental-friendly layout with covered entryways and fenced backyards. Each side features three bedrooms and two bathrooms, with an interior finish package that includes granite countertops, wood-look laminate flooring, and carpet where applicable. Heating is electric with central operation, and cooling is central air electric. The kitchen includes a refrigerator, with other appliances also provided.
The property includes a two-car garage for each unit, and a shingle roof. Built in 2015, the duplex sits on a 0.2755-acre lot and totals 2,572 square feet.
With each unit configured as a three-bedroom, two-bath home and furnished with key kitchen appliances, the property is designed to support straightforward day-to-day occupancy.
The property includes a two-car garage for each unit, and a shingle roof. Built in 2015, the duplex sits on a 0.2755-acre lot and totals 2,572 square feet.
With each unit configured as a three-bedroom, two-bath home and furnished with key kitchen appliances, the property is designed to support straightforward day-to-day occupancy.
Key Highlights
- Brick duplex with fenced backyards
- Each unit includes a two‑car garage and a covered entryway
- Interior configuration: three bedrooms and two bathrooms per unit
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
$17,057
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
4.55%
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%
$341,140
$341.1K
Cap Rate 7%
$243,671
$243.7K
Cap Rate 9%
$189,522
$189.5K
Market Conditions
NOI Build-Up for 2,572 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
$26.2K $10.20/SF
− Vacancy
−$1.9K −$0.73/SF
EGI
$24.4K $9.47/SF
− OpEx
−$7.3K −$2.84/SF
NOI
$17.1K $6.63/SF
Area
Sebastian County, AR
Vacancy
7.12%
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%
$341,140
Cap Rate 7%
$243,671
Cap Rate 9%
$189,522
Alternative Uses
Best Use
Multifamily LT 5
$243.7K
$213.2K – $284.3K
NOI $17,057 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$217.6K
$190.4K – $253.9K
NOI $15,231 @ 7.0% cap · market cap 4.06%
Theoretical Best
Healthcare Medical
$547.2K
$478.8K – $638.4K
NOI $38,305 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
120
Businesses Nearby
Explore this area
Business Placement
Demographics for 72923, AR
4,811
Population
2,608
Households
1.8
Avg Household Size
38
Median Age
21%
College-Educated
88%
High-School Grad
16.4 sq mi
ZIP Area
293
Density / Sq Mi
$52,210
Median Household Income
$36,122
Median Earnings
$893
Median Rent
$125,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Each unit offers three bedrooms and two baths, with covered entries, a two-car garage, and fenced backyards.
Where is this duplex located?
The property is located at 1009 Springhill RD Barling, AR.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Brick duplex with fenced backyards; Each unit includes a two‑car garage and a covered entryway; Interior configuration: three bedrooms and two bathrooms per unit
