Duplex with Updated
For Sale
$350,000
707 S 7th St, Rogers, AR 72756
Two separate residences offer a three-bedroom layout in front and a two-bedroom layout at the rear.
Property Size1,777 SF
Price / SF$196.96
Days on Market9
Property Features for 707 S 7th St
General Information
Standard status
Active
Size
1,777 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1965
Listing Agency:
Rowe Real Estate
(479) 439-1933
Listed By:
Patriot Company Real Estate
(479) 439-1933
Source:
Patriotcompany
Added: Aug 21
Changed: Aug 28
Last Checked: Aug 28 at 9:51AM
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 Rowe Real Estate
Investment Insights
Based on property information with market context.
This duplex is configured as two separate homes within one property. The front residence includes three bedrooms and two bathrooms, while the rear residence provides two bedrooms and one full bathroom. The property has a 1,777 property size and was built in 1965.
Recent improvements include a roof that is one year old, along with new siding, windows, HVAC, and a water heater. The property is located near downtown Rogers, with restaurants, shops, parks, and trails in the surrounding area.
Recent improvements include a roof that is one year old, along with new siding, windows, HVAC, and a water heater. The property is located near downtown Rogers, with restaurants, shops, parks, and trails in the surrounding area.
Key Highlights
- Two separate homes within one duplex property
- Front residence includes 3 beds and 2 baths
- Rear residence offers 2 beds and 1 full bath
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
$16,220
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
4.63%
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%
$324,400
$324.4K
Cap Rate 7%
$231,714
$231.7K
Cap Rate 9%
$180,222
$180.2K
Market Conditions
NOI Build-Up for 1,777 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
$24.5K $13.80/SF
− Vacancy
−$1.4K −$0.76/SF
EGI
$23.2K $13.04/SF
− OpEx
−$7.0K −$3.91/SF
NOI
$16.2K $9.13/SF
Area
Benton County, AR
Vacancy
5.51%
Lease Rate
$13.80 /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%
$324,400
Cap Rate 7%
$231,714
Cap Rate 9%
$180,222
Alternative Uses
Best Use
Multifamily LT 5
$231.7K
$202.8K – $270.3K
NOI $16,220 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$206.8K
$180.9K – $241.2K
NOI $14,473 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$488.3K
$427.3K – $569.7K
NOI $34,183 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,223
Businesses Nearby
Explore this area
Business Placement
Demographics for 72756, AR
41,875
Population
17,225
Households
2.4
Avg Household Size
37
Median Age
24%
College-Educated
86%
High-School Grad
129.9 sq mi
ZIP Area
322
Density / Sq Mi
$70,900
Median Household Income
$37,510
Median Earnings
$914
Median Rent
$243,000
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 - Two separate residences offer a three-bedroom layout in front and a two-bedroom layout at the rear.
Where is this duplex located?
The property is located at 707 S 7th St Rogers, AR.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two separate homes within one duplex property; Front residence includes 3 beds and 2 baths; Rear residence offers 2 beds and 1 full bath
