Fully Leased
For Sale
$450,000
1408 Christy Drive A B C & D, Springdale, AR 72764
Each residence offers two bedrooms, one and a half baths, and a large backyard.
Property Size4,352 SF
Price / SF$103.40
Days on Market92
Property Features for 1408 Christy Drive A B C & D
General Information
Standard status
Active
Size
4,352 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
4 x 2BR/1.5BA
Multifamily Units
4
Building Details
Year Built
1986
Listing Agency:
The Brandon Group
Listed By:
Sumer Brandon · License #PB00063728
(479) 787-3080
Source:
Thebesthomeprice
Added: Jul 18
Changed: Oct 7
Last Checked: Oct 7 at 2:19PM
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 The Brandon Group
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 quadplex contains four fully leased residences, each arranged with two bedrooms, one and a half baths, and a large backyard. The building provides 4352 square feet of residential space and was constructed in 1986.
Located at 1408 Christy Drive in Springdale, the property is within walking distance of schools, grocery stores, shopping, and the Tyson Home Office. The address includes Units A, B, C, and D.
Located at 1408 Christy Drive in Springdale, the property is within walking distance of schools, grocery stores, shopping, and the Tyson Home Office. The address includes Units A, B, C, and D.
Key Highlights
- Four‑unit quadplex is fully leased
- Each unit has 2 bedrooms and 1.5 baths
- Large backyard included with each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,165
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$783,300
$783.3K
Cap Rate 7%
$559,500
$559.5K
Cap Rate 9%
$435,167
$435.2K
Market Conditions
NOI Build-Up for 4,352 SF
Gross rent
$60.1K $13.80/SF
− Vacancy
−$4.1K −$0.94/SF
EGI
$55.9K $12.86/SF
− OpEx
−$16.8K −$3.86/SF
NOI
$39.2K $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%
$783,300
Cap Rate 7%
$559,500
Cap Rate 9%
$435,167
Alternative Uses
Best Use
Multifamily LT 5
$559.5K
$489.6K – $652.8K
NOI $39,165 @ 7.0% cap · market cap 8.70%
Second Best
Apartment 5plus
$495.0K
$433.2K – $577.5K
NOI $34,652 @ 7.0% cap · market cap 7.70%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,770 @ 7.0% cap · market cap 18.17%
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
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
319
Businesses Nearby
Explore this area
Business Placement
Demographics for 72764, AR
60,786
Population
20,781
Households
2.9
Avg Household Size
30
Median Age
20%
College-Educated
72%
High-School Grad
66.2 sq mi
ZIP Area
918
Density / Sq Mi
$61,569
Median Household Income
$34,552
Median Earnings
$984
Median Rent
$226,100
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?
Quadplex - Each residence offers two bedrooms, one and a half baths, and a large backyard.
Where is this quadplex located?
The property is located at 1408 Christy Drive A B C & D Springdale, AR.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Four‑unit quadplex is fully leased; Each unit has 2 bedrooms and 1.5 baths; Large backyard included with each unit
