Duplex with Storage
For Sale
$320,000
Pending
1911 Cypress Place, Springdale, AR 72762
Residential, Springdale, AR
Property Size2,400 SF
Lot Size0.18 Acres
Days on Market820
Property Features for 1911 Cypress Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 3
Parking features
Garage
Exterior features
ConcreteDriveway
Appliances
GasWaterHeater
Subdivision
Sycamore Sub
Lot features
Cleared, Cul De Sac
Elementary school district
Springdale
Middle school district
Springdale
High school district
Springdale
Directions
Going north on Johnson Road turn left onto Cypress, the unit will be on your right.
Standard status
Pending
APN
815-26075-000
Size
2,400 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Description
W/2 LOT 19
Tax Annual Amount
954
Legal Description
W/2 LOT 19
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1985
Floors in Building
1
Number of units
2
Flooring type
Carpet, Tile, Laminate
Building materials
Brick, Cedar
Roof type
Shingle, Asphalt
Listing Agency:
Arkansas Heritage Realty
Listed By:
Will Schmidt · License #PB00057734
(479) 521-2252
Added: Jul 9, 2024
Changed: Sep 12
Last Checked: Oct 6 at 12:06PM
MLS# 1280794
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 contains 2,400 square feet across two residential units, with both sides currently rented. The property was built in 1985 and features brick and cedar exterior materials, tile, laminate, and carpet flooring, plus an asphalt shingle roof. Central heating, central air, and a gas water heater serve the building.
Portions of the garage areas have been incorporated into living space, while the existing garage doors remain operational and allow the spaces to function as storage. Additional site features include a concrete driveway and 0.18 acres at 1911 Cypress Place in Springdale, Arkansas. Showings and inspections are restricted until an offer is accepted.
Portions of the garage areas have been incorporated into living space, while the existing garage doors remain operational and allow the spaces to function as storage. Additional site features include a concrete driveway and 0.18 acres at 1911 Cypress Place in Springdale, Arkansas. Showings and inspections are restricted until an offer is accepted.
Key Highlights
- 2,400 SF duplex with both sides currently rented
- 1985 construction with brick and cedar exterior materials
- Garage areas partly converted to living space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,598
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$431,960
$432.0K
Cap Rate 7%
$308,543
$308.5K
Cap Rate 9%
$239,978
$240.0K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$33.1K $13.80/SF
− Vacancy
−$2.3K −$0.94/SF
EGI
$30.9K $12.86/SF
− OpEx
−$9.3K −$3.86/SF
NOI
$21.6K $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%
$431,960
Cap Rate 7%
$308,543
Cap Rate 9%
$239,978
Alternative Uses
Best Use
Multifamily LT 5
$308.5K
$270.0K – $360.0K
NOI $21,598 @ 7.0% cap · market cap 6.75%
Second Best
Apartment 5plus
$273.0K
$238.9K – $318.5K
NOI $19,109 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$644.2K
$563.7K – $751.6K
NOI $45,094 @ 7.0% cap · market cap 14.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
215
Businesses Nearby
Explore this area
Business Placement
Demographics for 72762, AR
42,175
Population
17,270
Households
2.4
Avg Household Size
36
Median Age
33%
College-Educated
85%
High-School Grad
58.1 sq mi
ZIP Area
726
Density / Sq Mi
$80,678
Median Household Income
$42,066
Median Earnings
$1,118
Median Rent
$278,600
Median Home Value
Check the figures for this property
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two occupied residential units offer an income-producing configuration with central heating and cooling.
Where is this duplex located?
The property is located at 1911 Cypress Place Springdale, AR.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: 2,400 SF duplex with both sides currently rented; 1985 construction with brick and cedar exterior materials; Garage areas partly converted to living space
