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Building Details

Year Built 2026

Listing Agency: IRealty Arkansas - Cabot

Listed By: Zanetta Wilburd Show Phone

Source: Pcsingtolittlerock

Added: Jul 26 Changed: Oct 15 Last Checked: Oct 7 at 5:45PM

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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 IRealty Arkansas - Cabot

Investment Insights

Based on property information with market context.

This newly constructed duplex contains two separate three-bedroom, three-bath residences on a one-acre tract. Each unit is described with spacious floor plans, modern finishes, and low-maintenance construction, creating a two-unit residential income property with consistent physical characteristics across both residences.

The property is located at 1448 Hwy 65 North in Damascus, outside city limits and along Highway 65. No zoning restrictions are identified, providing flexibility for residential rental use. The setting combines highway frontage with a country-living environment while retaining a defined address on the highway corridor.

Key Highlights

• Brand‑new duplex with two 3‑bedroom, 3‑bath units
• Situated on 1 acre outside city limits
• Highway frontage on Highway 65

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,816

Cap Rate

4.96%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$336,320 $336.3K

Cap Rate 7%

$240,229 $240.2K

Cap Rate 9%

$186,844 $186.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,500 SF

Gross rent

$25.5K $10.20/SF

− Vacancy

−$1.5K −$0.59/SF

EGI

$24.0K $9.61/SF

− OpEx

−$7.2K −$2.88/SF

NOI

$16.8K $6.73/SF

Area

Faulkner County, AR

Vacancy

5.79%

Lease Rate

$10.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$336,320

Cap Rate 7%

$240,229

Cap Rate 9%

$186,844

Alternative Uses

Best Use

Multifamily LT 5

$240.2K

$210.2K – $280.3K (±1% cap)

NOI $16,816 @ 7.0% cap · market cap 4.96%

Second Best

Apartment 5plus

$214.7K

$187.9K – $250.5K (±1% cap)

NOI $15,029 @ 7.0% cap · market cap 4.43%

Theoretical Best

Office A

$570.2K

$499.0K – $665.3K (±1% cap)

NOI $39,916 @ 7.0% cap · market cap 11.77%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Building Supply Auto Parts Store (Bike/Boat/Book/etc) Store Grocery & Convenience Store Food Market Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

15

Businesses Nearby

Explore this area Business Placement

Demographics for 72039, AR

2,254

Population

944

Households

2.4

Avg Household Size

40

Median Age

16%

College-Educated

89%

High-School Grad

61.1 sq mi

ZIP Area

37

Density / Sq Mi

$59,018

Median Household Income

$37,792

Median Earnings

$974

Median Rent

$147,200

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Two-Building Flex Property

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Mixed-Use Property with Outbuildings

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Flex Space with 3 Bay Doors

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Industrial Property with Two Buildings

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Frequently Asked Questions

What type of property is this?

Duplex - Two spacious rental residences offer modern finishes and country living outside city limits.

Where is this duplex located?

The property is located at 1448 Hwy 65 North Damascus, AR.

What is the asking price?

The asking price for this property is $339,000.

What are key features of this property?

This property features: Brand‑new duplex with two 3‑bedroom, 3‑bath units; Situated on 1 acre outside city limits; Highway frontage on Highway 65