Two-Duplex Residential
For Sale
$504,000
1500 & 1508 N Pleasant Street #A & B, Springdale, AR 72764
All four apartments are occupied, with two bedrooms, one bathroom, and a one-car garage in each.
Property Size3,250 SF
Price / SF$155.08
Days on Market10
Property Features for 1500 & 1508 N Pleasant Street #A & B
General Information
Standard status
Active
Size
3,250 SF
Total Parking Spaces
4
Property subtype
Multi Family Home
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$3,455
Amenities
Ceiling Fan(s)
Eat-in Kitchen
Other
Window Treatments
Concrete Driveway
Building Details
Building Size
3,250 SF
Year Built
1988
Buildings
2
Stories
1
Units
4
Listing Agency:
Keller Williams Market Pro Realty
(479) 718-2800
Listed By:
Jody Cohen · License #SA00070744
(479) 871-3573
Source:
Cappyharrisrealtors
Added: Oct 15
Changed: Oct 23
Last Checked: Oct 22 at 2:25PM
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
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.
Built in 1988, the property comprises two duplexes with four apartments. Each apartment has two bedrooms, one bathroom, and a one-car garage. Exterior materials include brick and vinyl; the roofs are newer, and the flooring has been updated. All four units are currently rented.
The property is in Springdale, near shopping, dining, schools, parks, and trails.
The property is in Springdale, near shopping, dining, schools, parks, and trails.
Key Highlights
- Two duplexes with four total units
- Each unit has 2 bedrooms, 1 bathroom, and a 1‑car garage
- All four units are currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,248
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$584,960
$585.0K
Cap Rate 7%
$417,829
$417.8K
Cap Rate 9%
$324,978
$325.0K
Market Conditions
NOI Build-Up for 3,250 SF
Gross rent
$44.9K $13.80/SF
− Vacancy
−$3.1K −$0.94/SF
EGI
$41.8K $12.86/SF
− OpEx
−$12.5K −$3.86/SF
NOI
$29.2K $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%
$584,960
Cap Rate 7%
$417,829
Cap Rate 9%
$324,978
Alternative Uses
Best Use
Multifamily LT 5
$417.8K
$365.6K – $487.5K
NOI $29,248 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$369.7K
$323.5K – $431.3K
NOI $25,877 @ 7.0% cap · market cap 5.13%
Theoretical Best
Office A
$872.4K
$763.3K – $1.02M
NOI $61,065 @ 7.0% cap · market cap 12.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
53
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - All four apartments are occupied, with two bedrooms, one bathroom, and a one-car garage in each.
Where is this duplex located?
The property is located at 1500 & 1508 N Pleasant Street #A & B Springdale, AR.
What is the asking price?
The asking price for this property is $504,000.
What are key features of this property?
This property features: Two duplexes with four total units; Each unit has 2 bedrooms, 1 bathroom, and a 1‑car garage; All four units are currently rented
