Two-Unit Duplex with
For Sale
$252,000
1508 A&B N Pleasant Street, Springdale, AR 72764
Both residences are leased and feature two bedrooms, one bathroom, and a single-car garage.
Property Size1,600 SF
Price / SF$157.50
Days on Market11
Property Features for 1508 A&B N Pleasant Street
General Information
Standard status
Active
Size
1,600 SF
Total Parking Spaces
2
Property subtype
Multi Family Home
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,684
Amenities
Built-in Features
Ceiling Fan(s)
Eat-in Kitchen
Window Treatments
Concrete Driveway
Building Details
Building Size
1,600 SF
Year Built
1987
Buildings
1
Stories
1
Units
2
Construction
brick and vinyl
Listing Agency:
Keller Williams Market Pro Realty
(479) 718-2800
Listed By:
Heather Miley · License #SA00088352
(479) 409-0408
Source:
Cappyharrisrealtors
Added: Oct 14
Changed: Oct 22
Last Checked: Oct 22 at 2:21PM
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
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Investment Insights
Based on property information with market context.
This duplex contains two 2-bedroom, 1-bathroom residences, each with a 1-car garage. The 1,600-square-foot property was built in 1987 and has a brick and vinyl exterior, along with a newer roof. Both units are currently rented.
The property is located in central Springdale, near shopping, dining, schools, parks, trails, and other everyday amenities.
The property is located in central Springdale, near shopping, dining, schools, parks, trails, and other everyday amenities.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- A 1‑car garage serves each unit
- Both units are currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,399
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$287,980
$288.0K
Cap Rate 7%
$205,700
$205.7K
Cap Rate 9%
$159,989
$160.0K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$22.1K $13.80/SF
− Vacancy
−$1.5K −$0.94/SF
EGI
$20.6K $12.86/SF
− OpEx
−$6.2K −$3.86/SF
NOI
$14.4K $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%
$287,980
Cap Rate 7%
$205,700
Cap Rate 9%
$159,989
Alternative Uses
Best Use
Multifamily LT 5
$205.7K
$180.0K – $240.0K
NOI $14,399 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$182.0K
$159.3K – $212.3K
NOI $12,740 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$429.5K
$375.8K – $501.1K
NOI $30,063 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased and feature two bedrooms, one bathroom, and a single-car garage.
Where is this duplex located?
The property is located at 1508 A&B N Pleasant Street Springdale, AR.
What is the asking price?
The asking price for this property is $252,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; A 1‑car garage serves each unit; Both units are currently rented
