Duplex Rental with Two Spacious
1662 & 1664 Evening Shade Drive Fayetteville, AR 72703
New
For Sale
$525,000
MULTI_FAMILY - Other - Fayetteville, AR
Property Size3,112 SF
Lot Size0.10 Acres
Price / SF$168.70
Days on Market7
Property Features for 1662 & 1664 Evening Shade Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
6
Rooms
Bathroom 6, Bathroom 2, Bedroom 6, Bathroom 1, Bedroom 1, Bedroom 5, Bathroom 4, Bedroom 2, Bedroom 4, Bathroom 5, Bathroom 3, Bedroom 3
Parking features
Open, Garage
Window features
Vinyl Frames
Patio and Porch features
Patio
Exterior features
ConcreteDriveway
Appliances
ElectricWaterHeater
Standard status
Active
APN
765-23308-000
Size
3,112 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Description
Lot 28A & 28B Skyler Place Add
Tax Annual Amount
1721
Utilities
Heating system
Central, Natural Gas
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2006
Floors in Building
2
Number of units
2
Flooring type
Tile, Laminate, Simulatedwood, Carpet
Building materials
Brick, VinylSiding
Roof type
Shingle, Asphalt
Architectural style
Other
Listing Agency:
Keller Williams Market Pro Realty - Rogers Branch
(479) 718-2800
Listed By:
The Duley Group
(479) 616-4663
Added: Jul 24
Changed: Jul 28
Last Checked: Jul 30 at 1:06AM
MLS# 1356291
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 duplex at 1662 & 1664 Evening Shade Drive in Fayetteville offers a proven long-term rental setup with two separate units. Each unit provides 1,556 square feet of living space and a turn-key configuration designed for comfortable, renter-friendly layouts.
Located in the Skyler Place Subdivision, the property is described as well-positioned near the University of Arkansas, with nearby schools and everyday retail and dining options. The area also provides quick connections to I-49, supporting convenient commuting and access to local amenities.
With two full units under one roof, this property can fit a variety of residential income strategies. The offering emphasizes spacious floorplans and long-term rental flexibility, with the ability to live in one unit while renting the other.
Located in the Skyler Place Subdivision, the property is described as well-positioned near the University of Arkansas, with nearby schools and everyday retail and dining options. The area also provides quick connections to I-49, supporting convenient commuting and access to local amenities.
With two full units under one roof, this property can fit a variety of residential income strategies. The offering emphasizes spacious floorplans and long-term rental flexibility, with the ability to live in one unit while renting the other.
Key Highlights
- Duplex built in 2006 in Skyler Place Subdivision
- 1,556 SF per unit duplex with multiple bedrooms and 6 bathrooms total across listed rooms
- Central heating and central air plus electric cooling; natural gas and electric included
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 | $42.9k | $13.80 |
| − Vacancy | −$2.9k | −$0.94 |
| EGI | $40.0k | $12.86 |
| − OpEx | −$12.0k | −$3.86 |
| NOI | $28.0k | $9.00 |
3,112 SF · lease $13.80/SF/yr · vacancy 6.84% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$400.1K
$350.1K – $466.8K
NOI $28,006 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$354.0K
$309.7K – $413.0K
NOI $24,778 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$835.3K
$730.9K – $974.5K
NOI $58,472 @ 7.0% cap · market cap 11.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex with 1,556 SF per unit, positioned for long-term rental use near the University of Arkansas.
Where is this duplex located?
The property is located at 1662 & 1664 Evening Shade Drive Fayetteville, AR.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Duplex built in 2006 in Skyler Place Subdivision; 1,556 SF per unit duplex with multiple bedrooms and 6 bathrooms total across listed rooms; Central heating and central air plus electric cooling; natural gas and electric included
