4-Unit Duplex
New
For Sale
$504,000
1500 & 1508 N Pleasant Street, Springdale, AR 72764
Residential, Springdale, AR
Property Size3,250 SF
Lot Size0.53 Acres
Price / SF$155.08
Days on Market3
Property Features for 1500 & 1508 N Pleasant Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 3, Bathroom 4, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 8, Bedroom 2, Bedroom 1, Bedroom 7, Bedroom 6
Parking features
On Street, Garage
Window features
Blinds
Patio and Porch features
Patio, Porch
Interior features
CeilingFans, EatInKitchen, WindowTreatments
Exterior features
ConcreteDriveway
Fireplace
1
Appliances
BuiltInRange, BuiltInOven, CounterTop, Dishwasher, ElectricOven, ElectricRange, ElectricWaterHeater, Disposal, Refrigerator, PlumbedForIceMaker
Subdivision
Pleasant Place
Lot features
Central Business District, City Lot, Industrial Park, Level, Near Park, Subdivision
Elementary school district
Springdale
Middle school district
Springdale
High school district
Springdale
Directions
From 71B/ N Thompson St in Springdale, turn west on Backus Ave. Take the second Right on N Pleasant St. Property is a few block up the street on the left side of the road. Please do not disturb tenants.
Standard status
Active
APN
815-24945-000
Size
3,250 SF
Lot size
0.53 Acres
Taxes and HOA fees
Tax Description
Lot 7, Block 3, Pleasant Place Subdivision
Tax Annual Amount
3455
Legal Description
Lot 7, Block 3, Pleasant Place Subdivision
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1988
Floors in Building
1
Number of units
4
Flooring type
Vinyl, Laminate, Carpet
Building materials
Brick, VinylSiding
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Keller Williams Market Pro Realty · Keller Williams Realty
(479) 718-2800
Listed By:
Jody Cohen · License #SA00070744
(479) 871-3573
Added: Oct 15
Last Checked: Oct 17 at 8:06AM
MLS# 1365321
Copyright © 2026 ArkansasONE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Two duplexes contain four residences totaling 3,250 square feet on a 0.53-acre parcel. Each unit has two bedrooms, one bathroom and a one-car garage. The buildings date to 1988 and feature brick and vinyl siding, shingle roofs and a mix of vinyl, laminate and carpet flooring. All four units are tenant-occupied.
Located at 1500 and 1508 N Pleasant Street in Springdale, the property is near shopping, dining, schools, parks and trails.
Located at 1500 and 1508 N Pleasant Street in Springdale, the property is near shopping, dining, schools, parks and trails.
Key Highlights
- Two duplexes with four tenant‑occupied units
- Each unit has 2 bedrooms, 1 bathroom and a 1‑car garage
- 3,250 square feet on 0.53 acres
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.
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Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
280
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each home has two bedrooms, one bathroom and a garage, with tenants in all four units.
Where is this duplex located?
The property is located at 1500 & 1508 N Pleasant Street 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 tenant‑occupied units; Each unit has 2 bedrooms, 1 bathroom and a 1‑car garage; 3,250 square feet on 0.53 acres
