Updated Brick
New
For Sale
$325,000
1501 Thrush Street, Springdale, AR 72764
MULTI_FAMILY - Springdale, AR
Property Size2,040 SF
Lot Size0.42 Acres
Price / SF$159.31
Days on Market1
Property Features for 1501 Thrush Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
On Street, Garage, Driveway
Fencing
Privacy
Appliances
GasWaterHeater
Subdivision
Parson Hills Ph Ii
Lot features
Central Business District, Level, Near Park, Subdivision
Directions
From Fayetteville, you will need to follow the 9.6-mile route taking about 22 minutes via N Old Wire Rd and AR-265 N.
Standard status
Active
APN
815-24349-000
Size
2,040 SF
Lot size
0.42 Acres
Taxes and HOA fees
Tax Description
Lot Twenty-one (21), Block Three (3), Parson Hills, Phase II, Springdale, Arkansas
Tax Annual Amount
1402
Legal Description
Lot Twenty-one (21), Block Three (3), Parson Hills, Phase II, Springdale, Arkansas
Utilities
Heating system
Central, Natural Gas
Cooling system
Electric, Central Air
Building Details
Year built
1985
Floors in Building
1
Number of units
2
Flooring type
Laminate
Building materials
Brick
Roof type
Shingle
Listing Agency:
Roots Real Estate Group
(479) 966-9753
Listed By:
Hunt Homes
(479) 310-6581
Added: Aug 3
Last Checked: Aug 3 at 9:06PM
MLS# 1357643
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.
Investment Insights
Based on property information with market context.
This 2,040-square-foot duplex in Springdale offers two residential units within a brick building constructed in 1985. Recent property work includes a new roof, water heater, HVAC replacement on one side, interior paint, updated fixtures, a new water line to the main, and new LVP flooring. Central heating and cooling are provided, with natural gas heat and electric air conditioning. The property also includes a gas water heater, privacy fencing, a garage, driveway parking, and on-street parking.
Located on a 0.4249-acre lot at 1501 Thrush Street, the property provides access to I-49 and Hwy 412. Shopping, dining, schools, parks, and major employers are identified nearby, placing the duplex within the broader Northwest Arkansas market. The two-unit layout supports separate occupancy arrangements, including living in one unit while leasing the other or leasing both units.
Located on a 0.4249-acre lot at 1501 Thrush Street, the property provides access to I-49 and Hwy 412. Shopping, dining, schools, parks, and major employers are identified nearby, placing the duplex within the broader Northwest Arkansas market. The two-unit layout supports separate occupancy arrangements, including living in one unit while leasing the other or leasing both units.
Key Highlights
- 2,040‑square‑foot duplex on a 0.4249‑acre lot
- Brick construction completed in 1985
- Recent roof, water heater, flooring, paint, fixtures, and main water‑line updates
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.2k | $13.80 |
| − Vacancy | −$1.9k | −$0.94 |
| EGI | $26.2k | $12.86 |
| − OpEx | −$7.9k | −$3.86 |
| NOI | $18.4k | $9.00 |
2,040 SF · lease $13.80/SF/yr · vacancy 6.84% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$262.3K
$229.5K – $306.0K
NOI $18,358 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$232.0K
$203.0K – $270.7K
NOI $16,243 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$547.6K
$479.1K – $638.8K
NOI $38,330 @ 7.0% cap · market cap 11.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
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
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 - Two-unit property with recent improvements, garage parking, and convenient access to regional highways, shopping, dining, and schools.
Where is this duplex located?
The property is located at 1501 Thrush Street Springdale, AR.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 2,040‑square‑foot duplex on a 0.4249‑acre lot; Brick construction completed in 1985; Recent roof, water heater, flooring, paint, fixtures, and main water‑line updates
