Two-Unit Duplex
For Sale
$505,000
1662 & 1664 Evening Shade Dr, Fayetteville, AR 72703
The two residences are near the University of Arkansas, schools, shopping, dining, and entertainment.
Property Size3,112 SF
Price / SF$162.28
Days on Market77
Property Features for 1662 & 1664 Evening Shade Dr
General Information
Standard status
Active
Size
3,112 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
2006
Buildings
1
Listing Agency:
Keller Williams Market Pro Realty - Rogers Branch
Listed By:
The Duley Group · License #55555,PersonLicenseNumber
(412) 812-6117
Source:
Thebesthomeprice
Added: Jul 26
Changed: Oct 3
Last Checked: Oct 7 at 3:32PM
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 Keller Williams Market Pro Realty - Rogers Branch
Investment Insights
Based on property information with market context.
This duplex contains two residential units, each measuring 1,556 SF, for a combined 3,112 SF of living area. Constructed in 2006, the property is located at 1662 & 1664 Evening Shade Dr within Skyler Place Subdivision. The unit layout provides separate residences in one property, supporting occupancy of one unit while the other is rented.
The property is near the University of Arkansas, schools, shopping, dining, and entertainment. Its location also provides access to I-49, connecting residents with surrounding destinations. The combination of two units and 1,556 SF per residence offers a substantial residential configuration for buyers evaluating a duplex property.
The property is near the University of Arkansas, schools, shopping, dining, and entertainment. Its location also provides access to I-49, connecting residents with surrounding destinations. The combination of two units and 1,556 SF per residence offers a substantial residential configuration for buyers evaluating a duplex property.
Key Highlights
- Two‑unit duplex with 3,112 SF combined living area
- Each unit measures 1,556 SF
- Built in 2006
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,006
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$560,120
$560.1K
Cap Rate 7%
$400,086
$400.1K
Cap Rate 9%
$311,178
$311.2K
Market Conditions
NOI Build-Up for 3,112 SF
Gross rent
$42.9K $13.80/SF
− Vacancy
−$2.9K −$0.94/SF
EGI
$40.0K $12.86/SF
− OpEx
−$12.0K −$3.86/SF
NOI
$28.0K $9.00/SF
Area
Washington County, AR
Vacancy
6.84%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$560,120
Cap Rate 7%
$400,086
Cap Rate 9%
$311,178
Alternative Uses
Best Use
Multifamily LT 5
$400.1K
$350.1K – $466.8K
NOI $28,006 @ 7.0% cap · market cap 5.55%
Second Best
Apartment 5plus
$354.0K
$309.7K – $413.0K
NOI $24,778 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$835.3K
$730.9K – $974.5K
NOI $58,472 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
131
Businesses Nearby
Explore this area
Business Placement
Demographics for 72703, AR
33,767
Population
17,202
Households
2
Avg Household Size
33
Median Age
49%
College-Educated
96%
High-School Grad
40.2 sq mi
ZIP Area
840
Density / Sq Mi
$60,232
Median Household Income
$39,190
Median Earnings
$958
Median Rent
$341,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - The two residences are near the University of Arkansas, schools, shopping, dining, and entertainment.
Where is this duplex located?
The property is located at 1662 & 1664 Evening Shade Dr Fayetteville, AR.
What is the asking price?
The asking price for this property is $505,000.
What are key features of this property?
This property features: Two‑unit duplex with 3,112 SF combined living area; Each unit measures 1,556 SF; Built in 2006
