Remodeled Duplex with Leased
For Sale
$375,000
Pending
2009 A&B Christy Drive, Springdale, AR 72764
Residential, Springdale, AR
Property Size2,256 SF
Lot Size0.32 Acres
Days on Market50
Property Features for 2009 A&B Christy Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 4, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 6, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 5
Parking features
Garage
Exterior features
ConcreteDriveway
Appliances
BuiltInRange, BuiltInOven, CounterTop, Dryer, Dishwasher, ElectricCooktop, ElectricOven, ElectricRange, Disposal, GasWaterHeater, Refrigerator, RangeHood, Washer
Subdivision
Parson Hills
Lot features
Central Business District, Cleared, Industrial Park, Level, Near Park, Open Lot, Subdivision
Directions
From Hwy 71B, go East on Hwy 412. Turn left on Thrush St. Follow and turn right on Christy Dr. Property will be on the right. NO yard sign. *Do NOT disturb Tenants*
Standard status
Pending
APN
815-24376-000
Size
2,256 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Description
Lot 25, Block 4, Parson Hills Subdivision, Phase II
Tax Annual Amount
2069
Legal Description
Lot 25, Block 4, Parson Hills Subdivision, Phase II
Utilities
Heating system
Central, Natural Gas
Cooling system
Central Air, Electric
Building Details
Year built
1986
Floors in Building
1
Number of units
2
Flooring type
Carpet, Vinyl
Building materials
Brick, VinylSiding
Roof type
Shingle
Listing Agency:
Keller Williams Market Pro Realty · Keller Williams Realty
(479) 718-2800
Listed By:
Heather Miley · License #SA00088352
(479) 409-0408
Added: Jul 18
Changed: Sep 1
Last Checked: Sep 5 at 11:06AM
MLS# 1355511
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 2,256-square-foot duplex contains two three-bedroom, two-bathroom units. Improvements include a newer roof, updated HVAC equipment, refreshed flooring, interior paint, refinished cabinetry, new countertops, and updated lighting and plumbing fixtures. Each residence includes kitchen appliances, a refrigerator, and a washer and dryer. The property was built in 1986 and features brick and vinyl siding, vinyl and carpet flooring, central heating and cooling, a shingle roof, and garage parking.
Both units are currently leased. The 0.315-acre property is located at 2009 A&B Christy Drive in Springdale, with schools, grocery stores, restaurants, shopping, and trails nearby. Emma Avenue and downtown Springdale are less than 3 miles away.
Both units are currently leased. The 0.315-acre property is located at 2009 A&B Christy Drive in Springdale, with schools, grocery stores, restaurants, shopping, and trails nearby. Emma Avenue and downtown Springdale are less than 3 miles away.
Key Highlights
- Two‑unit duplex with 2,256 square feet of building area
- Each unit offers 3 bedrooms and 2 bathrooms
- Both units are currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,302
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$406,040
$406.0K
Cap Rate 7%
$290,029
$290.0K
Cap Rate 9%
$225,578
$225.6K
Market Conditions
NOI Build-Up for 2,256 SF
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.
Gross rent
$31.1K $13.80/SF
− Vacancy
−$2.1K −$0.94/SF
EGI
$29.0K $12.86/SF
− OpEx
−$8.7K −$3.86/SF
NOI
$20.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$406,040
Cap Rate 7%
$290,029
Cap Rate 9%
$225,578
Alternative Uses
Best Use
Multifamily LT 5
$290.0K
$253.8K – $338.4K
NOI $20,302 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$256.6K
$224.5K – $299.4K
NOI $17,963 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$605.5K
$529.9K – $706.5K
NOI $42,388 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
319
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Updated kitchens and included laundry appliances complement the property's leased duplex configuration.
Where is this duplex located?
The property is located at 2009 A&B Christy Drive Springdale, AR.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,256 square feet of building area; Each unit offers 3 bedrooms and 2 bathrooms; Both units are currently leased
