Updated Two-Unit
For Sale
$445,500
1372 & 1374 N Chickadee Ave, Fayetteville, AR 72704
Two residences offer refreshed interiors, private garages, and a practical layout for rental occupancy.
Property Size2,324 SF
Price / SF$191.70
Days on Market62
Property Features for 1372 & 1374 N Chickadee Ave
General Information
Standard status
Active
Size
2,324 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
1996
Listing Agency:
Harris Heights Realty
Listed By:
Ryan Richards · License #EB00088607
(479) 770-4770
Source:
Thebesthomeprice
Added: Aug 23
Changed: Oct 13
Last Checked: Oct 21 at 1:04AM
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 Harris Heights Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,324-square-foot duplex, built in 1996, contains two three-bedroom, two-bathroom residences, each with a one-car garage. Property improvements include a roof installed in July, new interior paint, updated tub and shower combinations, countertops, appliances, lighting, plumbing fixtures, and sliding glass doors. Refrigerators, washers, and dryers convey with both units. Unit 1374 also has new bedroom carpeting, a dishwasher, and water heater, while Unit 1372 includes a new HVAC system and garbage disposal.
The property is located less than two miles from I-49 and the Wedington interchange and approximately three miles from the University of Arkansas. The surrounding area provides access to transit, trails, schools, shopping, and dining.
The property is located less than two miles from I-49 and the Wedington interchange and approximately three miles from the University of Arkansas. The surrounding area provides access to transit, trails, schools, shopping, and dining.
Key Highlights
- Two‑unit duplex with 2,324 square feet, built in 1996
- Each unit includes 3 bedrooms, 2 bathrooms, and a 1 car garage
- Roof installed in July; both residences have refreshed interior finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,914
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$418,280
$418.3K
Cap Rate 7%
$298,771
$298.8K
Cap Rate 9%
$232,378
$232.4K
Market Conditions
NOI Build-Up for 2,324 SF
Gross rent
$32.1K $13.80/SF
− Vacancy
−$2.2K −$0.94/SF
EGI
$29.9K $12.86/SF
− OpEx
−$9.0K −$3.86/SF
NOI
$20.9K $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%
$418,280
Cap Rate 7%
$298,771
Cap Rate 9%
$232,378
Alternative Uses
Best Use
Multifamily LT 5
$298.8K
$261.4K – $348.6K
NOI $20,914 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$264.3K
$231.3K – $308.4K
NOI $18,504 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$623.8K
$545.8K – $727.8K
NOI $43,666 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
196
Businesses Nearby
Explore this area
Business Placement
Demographics for 72704, AR
31,145
Population
14,098
Households
2.2
Avg Household Size
31
Median Age
55%
College-Educated
96%
High-School Grad
77.0 sq mi
ZIP Area
404
Density / Sq Mi
$88,991
Median Household Income
$51,341
Median Earnings
$1,163
Median Rent
$301,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer refreshed interiors, private garages, and a practical layout for rental occupancy.
Where is this duplex located?
The property is located at 1372 & 1374 N Chickadee Ave Fayetteville, AR.
What is the asking price?
The asking price for this property is $445,500.
What are key features of this property?
This property features: Two‑unit duplex with 2,324 square feet, built in 1996; Each unit includes 3 bedrooms, 2 bathrooms, and a 1 car garage; Roof installed in July; both residences have refreshed interior finishes
