Leased Two-Unit Townhome
1607-1605 Park Street Lowell, AR 72745
New
For Sale
$675,000
MULTI_FAMILY - Lowell, AR
Property Size3,135 SF
Lot Size0.14 Acres
Price / SF$215.31
Days on Market1
Property Features for 1607-1605 Park Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 5
- Bathrooms
- 5
- Rooms
- Bathroom 5, Bathroom 2, Bathroom 4, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 5, Bathroom 3
- Parking features
- Garage, Open
- Security features
- Security
- Window features
- Vinyl Frames
- Patio and Porch features
- Patio, Porch
- Interior features
- Attic, CeilingFans, CathedralCeilings, CentralVacuum, EatInKitchen, GraniteCounters, Pantry, ProgrammableThermostat, Storage, WalkInClosets
- Exterior features
- ConcreteDriveway
- Fencing
- Privacy, Fenced
- Fireplace
- 1
- Appliances
- Dishwasher, ElectricRange, Disposal, GasWaterHeater, MicrowaveHoodFan, Microwave, Refrigerator, SmoothCooktop, SelfCleaningOven, Washer, EnergyStarQualifiedAppliances, PlumbedForIceMaker
- Standard status
- Active
- APN
- 12-02929-000
- Size
- 3,135 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Description
- 4/24/06 PLAT 2006-322 3/23/06 & CORRECTION PLAT 9/20/2018 2006-1123
- Tax Annual Amount
- 2874
Utilities
- Heating system
- Central, Natural Gas
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 2006
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile, Carpet
- Building materials
- Frame, Rock, Stucco
- Roof type
- Shingle
- Additional Structures
- Storage
Listing Agency:
Epique Realty
(501) 747-3624
Listed By:
Ana Vasquez · License #SA00085200
(479) 422-9383
Added: Jul 24
Last Checked: Jul 24 at 9:06PM
MLS# 1356637
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 offering includes two European-cottage style townhomes in the Park Central Villas community. The property consists of two addresses, 1607 and 1605, and totals approximately 0.28 acres combined. Both units are separately leased, providing current rental income.
Unit 1607 is currently leased at $1,800 per month, and unit 1605 is currently leased at $2,280 per month, for a combined stated income potential of $50,000 per year. The property is located in Lowell, AR, and the public remarks note proximity to I-49 as well as The Amp, shopping, dining, medical facilities, parks, and trails.
The two units are being sold as a single investment bundle, and the remarks also note the option to purchase individually under MLS #1356559 for 1607 and MLS #1356544 for 1605.
Unit 1607 is currently leased at $1,800 per month, and unit 1605 is currently leased at $2,280 per month, for a combined stated income potential of $50,000 per year. The property is located in Lowell, AR, and the public remarks note proximity to I-49 as well as The Amp, shopping, dining, medical facilities, parks, and trails.
The two units are being sold as a single investment bundle, and the remarks also note the option to purchase individually under MLS #1356559 for 1607 and MLS #1356544 for 1605.
Key Highlights
- Two European‑cottage style townhomes (1607 and 1605) sold as one investment bundle on a combined ~0.28‑acre lot
- Current leases: 1607 at $1,800/month and 1605 at $2,280/month for combined estimated income of $50,000/year
- Interior includes granite counters, eat‑in kitchen, pantry, storage, walk‑in closets, and central vacuum
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 | $43.3k | $13.80 |
| − Vacancy | −$2.4k | −$0.76 |
| EGI | $40.9k | $13.04 |
| − OpEx | −$12.3k | −$3.91 |
| NOI | $28.6k | $9.13 |
3,135 SF · lease $13.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$408.8K
$357.7K – $476.9K
NOI $28,615 @ 7.0% cap · market cap 4.24%
Second Best
Apartment 5plus
$364.8K
$319.2K – $425.6K
NOI $25,533 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$861.5K
$753.8K – $1.01M
NOI $60,306 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two leased European-cottage style townhomes in the Park Central Villas community, offered as a single investment.
Where is this duplex located?
The property is located at 1607-1605 Park Street Lowell, AR.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two European‑cottage style townhomes (1607 and 1605) sold as one investment bundle on a combined ~0.28‑acre lot; Current leases: 1607 at $1,800/month and 1605 at $2,280/month for combined estimated income of $50,000/year; Interior includes granite counters, eat‑in kitchen, pantry, storage, walk‑in closets, and central vacuum
