Three-Bedroom Duplex with
For Sale
$169,900
15 Brierwood Circle, Conway, AR 72034
Residential, Traditional, Conway, AR
Property Size1,664 SF
Lot Size0.08 Acres
Price / SF$102.10
Days on Market94
Property Features for 15 Brierwood Circle
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Den, Bedroom 3, Bedroom 1, Laundry Room, Bathroom 3, Bathroom 2, Bedroom 2, Bathroom 1
Fireplace
1
Appliances
Electric Range, Dishwasher, Disposal
Subdivision
BRIERWOOD
Lot features
Level
Directions
Heading West on Tyler Street take a left onto Brierwood Circle, the townhouse will be on your left.
Standard status
Active
Size
1,664 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Description
LOT 2 BLK 5 BRIERWOOD SUB
Tax Annual Amount
1518
Legal Description
LOT 2 BLK 5 BRIERWOOD SUB
Amenities
private rear patio
Building Details
Year built
1985
Floors in Building
2
Flooring type
Vinyl, Tile, Carpet
Roof type
Composition
Architectural style
Other
Listing Agency:
LPT Realty Conway · RE/MAX International
(501) 291-3841
Listed By:
Jensen Thielke
(501) 499-0847
Added: Jun 25
Changed: Sep 14
Last Checked: Sep 26 at 1:06PM
MLS# 26025852
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1985, this 1,664-square-foot residential property offers three bedrooms and 2.5 bathrooms within an open-concept layout. The interior includes a spacious living area, kitchen with ample cabinetry, den, laundry room, and a mix of vinyl, tile, and carpet flooring. A fireplace adds a defined feature to the living space, while the electric range, dishwasher, and disposal support everyday functionality.
The 0.08-acre property includes a private rear patio and dedicated parking. Its Conway location places the residence minutes from shopping, restaurants, parks, and the University of Central Arkansas. The property is positioned for either owner occupancy or use as an investment property.
The 0.08-acre property includes a private rear patio and dedicated parking. Its Conway location places the residence minutes from shopping, restaurants, parks, and the University of Central Arkansas. The property is positioned for either owner occupancy or use as an investment property.
Key Highlights
- Three bedrooms and 2.5 bathrooms in a 1,664‑square‑foot residence
- 0.08‑acre property with a private rear patio
- Open‑concept layout with spacious living area and den
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
$11,193
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
6.59%
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%
$223,860
$223.9K
Cap Rate 7%
$159,900
$159.9K
Cap Rate 9%
$124,367
$124.4K
Market Conditions
NOI Build-Up for 1,664 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
$17.0K $10.20/SF
− Vacancy
−$983 −$0.59/SF
EGI
$16.0K $9.61/SF
− OpEx
−$4.8K −$2.88/SF
NOI
$11.2K $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 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%
$223,860
Cap Rate 7%
$159,900
Cap Rate 9%
$124,367
Alternative Uses
Best Use
Multifamily LT 5
$159.9K
$139.9K – $186.6K
NOI $11,193 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$142.9K
$125.0K – $166.7K
NOI $10,003 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$379.5K
$332.1K – $442.8K
NOI $26,568 @ 7.0% cap · market cap 15.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
199
Businesses Nearby
Explore this area
Business Placement
Demographics for 72034, AR
47,873
Population
22,523
Households
2.1
Avg Household Size
33
Median Age
44%
College-Educated
94%
High-School Grad
47.9 sq mi
ZIP Area
999
Density / Sq Mi
$61,675
Median Household Income
$40,511
Median Earnings
$993
Median Rent
$250,000
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 - Open-plan residence with a private rear patio, dedicated parking, and an equipped kitchen featuring an electric range and dishwasher.
Where is this duplex located?
The property is located at 15 Brierwood Circle Conway, AR.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Three bedrooms and 2.5 bathrooms in a 1,664‑square‑foot residence; 0.08‑acre property with a private rear patio; Open‑concept layout with spacious living area and den
