Master-Leased Multifamily
For Sale
$2,200,000
1212 S Dunn Avenue, Fayetteville, AR 72701
A University of Arkansas master lease covers the apartments for a three-year term.
Property Size9,269 SF
Price / SF$237.35
Days on Market173
Property Features for 1212 S Dunn Avenue
General Information
Standard status
Active
Size
9,269 SF
Property subtype
Apartment
Zoning
RMF-24
Occupancy
100%
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Building Details
Year Built
1955
Tenancy
Single
Listing Agency:
GREA-Global Realtor Estate Advisors Branch
(479) 231-7833
Listed By:
Samuel Hewitt · License #SA00095864
(479) 301-5267
Source:
Hangerpropertygroup
Added: May 12
Changed: Oct 28
Last Checked: Oct 28 at 3:49PM
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 GREA-Global Realtor Estate Advisors Branch
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Investment Insights
Based on property information with market context.
Built in 1955, this 9,269-square-foot multifamily property is master leased by the University of Arkansas. The agreement provides for full occupancy over the next three years. The site is zoned RMF-24, with redevelopment potential for up to 18 units and more than 70 bedrooms.
The property is at 1212 S Dunn Avenue in Fayetteville, two blocks from the Frisco Trail, South Yard and the South School Strip. Nearby destinations identified include Meteor Cafe, Tacos & Tamales, Sweet Greens, Fossil Cove Brewing and a rock-climbing facility. The surrounding area includes student housing, new townhome and single-family home construction, and revitalized retail hubs.
The property is at 1212 S Dunn Avenue in Fayetteville, two blocks from the Frisco Trail, South Yard and the South School Strip. Nearby destinations identified include Meteor Cafe, Tacos & Tamales, Sweet Greens, Fossil Cove Brewing and a rock-climbing facility. The surrounding area includes student housing, new townhome and single-family home construction, and revitalized retail hubs.
Key Highlights
- University of Arkansas master lease covers a three‑year term
- 9,269‑square‑foot multifamily property built in 1955
- RMF‑24 zoning allows for redevelopment of up to 18 units and more than 70 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,802
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,476,040
$1.5M
Cap Rate 7%
$1,054,314
$1.1M
Cap Rate 9%
$820,022
$820.0K
Market Conditions
NOI Build-Up for 9,269 SF
Gross rent
$144.6K $15.60/SF
− Vacancy
−$10.4K −$1.12/SF
EGI
$134.2K $14.48/SF
− OpEx
−$60.4K −$6.51/SF
NOI
$73.8K $7.96/SF
Area
Washington County, AR
Vacancy
7.20%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,476,040
Cap Rate 7%
$1,054,314
Cap Rate 9%
$820,022
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$922.5K – $1.23M
NOI $73,802 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.49M
$2.18M – $2.90M
NOI $174,156 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
475
Businesses Nearby
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Business Placement
Demographics for 72701, AR
48,269
Population
20,057
Households
2.4
Avg Household Size
28
Median Age
42%
College-Educated
93%
High-School Grad
126.0 sq mi
ZIP Area
383
Density / Sq Mi
$50,413
Median Household Income
$27,305
Median Earnings
$973
Median Rent
$323,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - A University of Arkansas master lease covers the apartments for a three-year term.
Where is this multifamily property located?
The property is located at 1212 S Dunn Avenue Fayetteville, AR.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: University of Arkansas master lease covers a three‑year term; 9,269‑square‑foot multifamily property built in 1955; RMF‑24 zoning allows for redevelopment of up to 18 units and more than 70 bedrooms
