Updated Duplex with
For Sale
$323,000
1501 Thrush Street, Springdale, AR 72764
Residential, Springdale, AR
Property Size2,040 SF
Lot Size0.42 Acres
Price / SF$158.33
Days on Market83
Property Features for 1501 Thrush Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Garage, On Street
Exterior features
ConcreteDriveway
Fencing
Privacy
Appliances
GasWaterHeater
Subdivision
Parson Hills Ph Ii
Lot features
Central Business District, City Lot, 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
Natural Gas, Central
Cooling system
Electric, Central Air
Building Details
Year built
1985
Floors in Building
1
Number of units
2
Flooring type
Simulatedwood, 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
Changed: Oct 22
Last Checked: Oct 24 at 5:06PM
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.
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Investment Insights
Based on property information with market context.
This 1985 brick duplex contains 2040 square feet on a 0.4249-acre parcel. Each unit offers two bedrooms and one full bath, with central heating and cooling, laminate and simulated-wood flooring, and gas water heating. Recent property work includes a 2023 shingle roof, 2022 water heater, fresh interior paint, updated fixtures, new LVP flooring, and a new water line to the main. A garage, concrete driveway, on-street parking, and privacy fencing are also included.
The property is located in Springdale near I49 and Hwy 412, with shopping, dining, schools, parks, and major employers in the surrounding area. Its residential duplex configuration supports occupancy of one unit while leasing the other or leasing both units, as described in the property information.
The property is located in Springdale near I49 and Hwy 412, with shopping, dining, schools, parks, and major employers in the surrounding area. Its residential duplex configuration supports occupancy of one unit while leasing the other or leasing both units, as described in the property information.
Key Highlights
- Two‑unit duplex with 2bd and 1 full bath in each unit
- 2040 square feet on 0.4249 acres
- 2023 roof and 2022 water heater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,358
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,160
$367.2K
Cap Rate 7%
$262,257
$262.3K
Cap Rate 9%
$203,978
$204.0K
Market Conditions
NOI Build-Up for 2,040 SF
Gross rent
$28.2K $13.80/SF
− Vacancy
−$1.9K −$0.94/SF
EGI
$26.2K $12.86/SF
− OpEx
−$7.9K −$3.86/SF
NOI
$18.4K $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%
$367,160
Cap Rate 7%
$262,257
Cap Rate 9%
$203,978
Alternative Uses
Best Use
Multifamily LT 5
$262.3K
$229.5K – $306.0K
NOI $18,358 @ 7.0% cap · market cap 5.68%
Second Best
Apartment 5plus
$232.0K
$203.0K – $270.7K
NOI $16,243 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$547.6K
$479.1K – $638.8K
NOI $38,330 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
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
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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 - Brick duplex with two-bedroom units, central HVAC, and recent interior improvements.
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 $323,000.
What are key features of this property?
This property features: Two‑unit duplex with 2bd and 1 full bath in each unit; 2040 square feet on 0.4249 acres; 2023 roof and 2022 water heater
