Historic Residential Income
1715 Garland Avenue Fayetteville, AR 72703
1715 Garland Avenue, Fayetteville, AR, 72703
$750,000
For Sale
$750,000
MULTI_FAMILY - Fayetteville, AR
Property Size3,282 SF
Lot Size0.47 Acres
Price / SF$228.52
Days on Market27
Property Features for 1715 Garland Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway, Open
- Patio and Porch features
- Patio, Porch, Deck
- Exterior features
- ConcreteDriveway, GravelDriveway, UnpavedDriveway
- Fencing
- Privacy
- Fireplace
- 1
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 765-05204-000
- Size
- 3,282 SF
- Lot size
- 0.47 Acres
Taxes and HOA fees
- Tax Description
- LOTS 1 & 2 EAST HALF LOT 3 0.43AC FURTHER DESCRIBED FROM 2019-33989 AS: PART OF THE SOUTHEAST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 5 IN TOWNSHIP 16 NORTH OF RANGE 30 WEST, WASHINGTON COUNTY, ARKANSAS, ALSO KNOWN AS BEING A PART OF LOTS 1, 2 AN D 3
- Tax Annual Amount
- 4458
Utilities
- Heating system
- Natural Gas, Central
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 1916
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Simulatedwood, Wood, Laminate, Tile
- Building materials
- Masonite
- Roof type
- Metal
Listing Agency
Mason Capital Group Real Estate Investment & Trust
(479) 925-3333
609 SW 8th St. 6th Flr, BENTONVILLE, AR
Listed by
Cameron Torabi · License #PB00056565
(479) 510-3333
Added: Jun 22 Checked: Jul 18 at 8:06 am
MLS# 1352809
Listing URL
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 historic Folk-Victorian residence includes a main home with four bedrooms and three-and-a-half bathrooms totaling 2,697 square feet. Interiors feature a wood-floored foyer and formal dining, along with a renovated kitchen offering new cabinetry, granite counters, and a gas range. The main-level primary suite opens to a private screened porch, while the second floor provides three additional bedrooms plus a flexible central room that can serve as a family room or home office.
A separate 697-square-foot studio sits above the detached two-car garage, offering an additional space for guests or separate living arrangements. The property is set on nearly half an acre of mature, private grounds with an iron-gated entry and full perimeter fencing. The estate is located about 0.8 miles from the University of Arkansas and is on the campus bus route.
For buyers seeking a residential income setup, the layout creates distinct living spaces: the larger main residence and a separate studio above the garage. The combination of flexible interior space and independent studio arrangement can support owner-occupant living with additional rental or guest use, or provide two separate areas suited to different household needs.
A separate 697-square-foot studio sits above the detached two-car garage, offering an additional space for guests or separate living arrangements. The property is set on nearly half an acre of mature, private grounds with an iron-gated entry and full perimeter fencing. The estate is located about 0.8 miles from the University of Arkansas and is on the campus bus route.
For buyers seeking a residential income setup, the layout creates distinct living spaces: the larger main residence and a separate studio above the garage. The combination of flexible interior space and independent studio arrangement can support owner-occupant living with additional rental or guest use, or provide two separate areas suited to different household needs.
Key Highlights
- 1916 Folk‑Victorian main residence with 4 bedrooms, 3.5 baths, and 2,697 SF
- Renovated kitchen with new cabinetry, granite, and gas range
- Main‑level primary suite opens to a private screened porch
Local 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 | $45.3k | $13.80 |
| − Vacancy | −$3.1k | −$0.94 |
| EGI | $42.2k | $12.86 |
| − OpEx | −$12.7k | −$3.86 |
| NOI | $29.5k | $9.00 |
3,282 SF · lease $13.80/SF/yr · vacancy 6.84% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$421.9K
$369.2K – $492.3K
NOI $29,536 @ 7.0% cap · market cap 3.94%
Second Best
Apartment 5plus
$373.3K
$326.7K – $435.5K
NOI $26,132 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$880.9K
$770.8K – $1.03M
NOI $61,666 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Flexible main home plus a separate studio above a detached two-car garage near the University of Arkansas bus route.
Where is this duplex located?
The property is located at 1715 Garland Avenue Fayetteville, AR.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 1916 Folk‑Victorian main residence with 4 bedrooms, 3.5 baths, and 2,697 SF; Renovated kitchen with new cabinetry, granite, and gas range; Main‑level primary suite opens to a private screened porch
