Two-Unit Brick
2006 Keith Circle, Springdale, AR 72764
For Sale
New
$380,000
Residential, Springdale, AR
Property Size2,412 SF
Lot Size0.44 Acres
Price / SF$157.55
Days on Market1
Property Features for 2006 Keith Circle
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Exterior features
Appliances
Subdivision
Lot features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
iron-fenced yard
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
1 Percent Lists Arkansas Real Estate
(479) 445-9389
Listed By:
Sandra Sasek · License AR SA00098682
(702) 861-4850
Added: Nov 9
Last Checked: Nov 9 at 7:06PM
MLS# 1367445
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.
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Investment Insights
Based on property information with market context.
Built in 1990, this brick duplex contains two three-bedroom residences totaling 2,412 square feet on a 0.4423-acre parcel. Tile flooring runs throughout, and each residence has a bathroom arranged with two private vanity and toilet areas joined by a tiled walk-in shower. Each unit also has its own iron-fenced yard.
Roofing and gutters were replaced in 2023. Both units received new furnaces in 2026, and one unit also received a new HVAC system that year. Both residences are currently leased, and the same tenants have occupied them for more than five years. The property is in Springdale, Arkansas.
Roofing and gutters were replaced in 2023. Both units received new furnaces in 2026, and one unit also received a new HVAC system that year. Both residences are currently leased, and the same tenants have occupied them for more than five years. The property is in Springdale, Arkansas.
Key Highlights
- Two three‑bedroom units; 2,412 square feet total
- Brick construction; built in 1990
- 0.4423‑acre parcel with a fenced yard for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,706
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$434,120
$434.1K
Cap Rate 7%
$310,086
$310.1K
Cap Rate 9%
$241,178
$241.2K
Market Conditions
NOI Build-Up for 2,412 SF
Gross rent
$33.3K $13.80/SF
− Vacancy
−$2.3K −$0.94/SF
EGI
$31.0K $12.86/SF
− OpEx
−$9.3K −$3.86/SF
NOI
$21.7K $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%
$434,120
Cap Rate 7%
$310,086
Cap Rate 9%
$241,178
Alternative Uses
Best Use
Multifamily LT 5
$310.1K
$271.3K – $361.8K
NOI $21,706 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$274.4K
$240.1K – $320.1K
NOI $19,205 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$647.4K
$566.5K – $755.3K
NOI $45,319 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
319
Businesses Nearby
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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
$226,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Springdale, AR
Properties on Market for Duplexes in Springdale
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both three-bedroom residences are leased, with separate fenced yards and recent mechanical updates.
Where is this duplex located?
The property is located at 2006 Keith Circle Springdale, AR.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Two three‑bedroom units; 2,412 square feet total; Brick construction; built in 1990; 0.4423‑acre parcel with a fenced yard for each unit
