Updated Duplex with Two
For Sale
$169,000
1030 Clifton St., Conway, AR 72034
Two apartments offer distinct layouts with separate electric and gas meters for tenants.
Property Size1,246 SF
Price / SF$135.63
Days on Market52
Property Features for 1030 Clifton St.
General Information
Standard status
Active
Size
1,246 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x studio, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
laundry room
Building Details
Year Built
1927
Buildings
1
Listing Agency:
Meyers Realty Company
Listed By:
Amber Wood
(501) 444-2055
Source:
Midsouthar
Added: Sep 2
Changed: Oct 21
Last Checked: Oct 20 at 8:37PM
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 Meyers Realty Company
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Investment Insights
Based on property information with market context.
This 1,246 SF duplex, built in 1927, contains two separately configured apartments. The studio includes an 11' tongue-and-groove ceiling in the main room, a galley kitchen, stackable washer and dryer, and a water heater. The second apartment provides two bedrooms, one bathroom, a laundry room, an 11' beadboard ceiling, and LVP flooring through the living room, bedrooms, and hall. Recent improvements include kitchen equipment, bathroom finishes, mini splits, front doors, and plumbing work beneath the home.
Both apartments have established month-to-month tenants. Electric and gas are separately metered and paid by tenants, while water is paid by the landlord. Windows were replaced in 2022/2023, and the roof is approximately 5-6 years old. The property is within walking distance of downtown Conway, Arkansas.
Both apartments have established month-to-month tenants. Electric and gas are separately metered and paid by tenants, while water is paid by the landlord. Windows were replaced in 2022/2023, and the roof is approximately 5-6 years old. The property is within walking distance of downtown Conway, Arkansas.
Key Highlights
- 1,246 SF duplex with two apartment units
- Studio apartment with 11' tongue‑and‑groove ceiling, galley kitchen, and stackable W/D
- 2BR/1BA unit with laundry room and 11' beadboard ceiling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,381
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$167,620
$167.6K
Cap Rate 7%
$119,729
$119.7K
Cap Rate 9%
$93,122
$93.1K
Market Conditions
NOI Build-Up for 1,246 SF
Gross rent
$12.7K $10.20/SF
− Vacancy
−$736 −$0.59/SF
EGI
$12.0K $9.61/SF
− OpEx
−$3.6K −$2.88/SF
NOI
$8.4K $6.73/SF
Area
Faulkner County, AR
Vacancy
5.79%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$167,620
Cap Rate 7%
$119,729
Cap Rate 9%
$93,122
Alternative Uses
Best Use
Multifamily LT 5
$119.7K
$104.8K – $139.7K
NOI $8,381 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$107.0K
$93.6K – $124.8K
NOI $7,490 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$284.2K
$248.7K – $331.6K
NOI $19,894 @ 7.0% cap · market cap 11.77%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,640
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments offer distinct layouts with separate electric and gas meters for tenants.
Where is this duplex located?
The property is located at 1030 Clifton St. Conway, AR.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: 1,246 SF duplex with two apartment units; Studio apartment with 11' tongue‑and‑groove ceiling, galley kitchen, and stackable W/D; 2BR/1BA unit with laundry room and 11' beadboard ceiling
