Leased Duplex with New
For Sale
$399,900
201 & 203 Asher Ct, Rogers, AR 72758
Two-unit residential income property with both residences currently leased and situated near schools, parks, and shopping.
Property Size2,400 SF
Price / SF$166.63
Days on Market75
Property Features for 201 & 203 Asher Ct
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
2
Building Details
Year Built
2006
Listing Agency:
Dick Weaver And Associate Inc
Listed By:
Noel Castaneda · License #SA00062788
(479) 685-7307
Source:
Thesummithometeam
Added: Aug 24
Changed: Nov 3
Last Checked: Nov 4 at 2:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dick Weaver And Associate Inc
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Investment Insights
Based on property information with market context.
This duplex was built in 2006 and contains approximately 2,400 square feet of residential space. Both units are currently leased, providing an existing two-unit configuration for an owner seeking residential income property. The roof was replaced in 2024.
The property is located at 201 & 203 Asher Ct in Rogers, Arkansas, near schools, parks, and shopping. Showings require appointments scheduled at least 24 hours in advance.
The property is located at 201 & 203 Asher Ct in Rogers, Arkansas, near schools, parks, and shopping. Showings require appointments scheduled at least 24 hours in advance.
Key Highlights
- Duplex with both units currently leased
- New roof installed in 2024
- Built in 2006
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,907
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,140
$438.1K
Cap Rate 7%
$312,957
$313.0K
Cap Rate 9%
$243,411
$243.4K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$33.1K $13.80/SF
− Vacancy
−$1.8K −$0.76/SF
EGI
$31.3K $13.04/SF
− OpEx
−$9.4K −$3.91/SF
NOI
$21.9K $9.13/SF
Area
Benton County, AR
Vacancy
5.51%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,140
Cap Rate 7%
$312,957
Cap Rate 9%
$243,411
Alternative Uses
Best Use
Multifamily LT 5
$313.0K
$273.8K – $365.1K
NOI $21,907 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$279.2K
$244.3K – $325.8K
NOI $19,547 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$659.5K
$577.1K – $769.5K
NOI $46,168 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
174
Businesses Nearby
Explore this area
Business Placement
Demographics for 72758, AR
45,105
Population
18,145
Households
2.5
Avg Household Size
34
Median Age
42%
College-Educated
88%
High-School Grad
31.3 sq mi
ZIP Area
1,441
Density / Sq Mi
$94,605
Median Household Income
$49,856
Median Earnings
$1,300
Median Rent
$358,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential income property with both residences currently leased and situated near schools, parks, and shopping.
Where is this duplex located?
The property is located at 201 & 203 Asher Ct Rogers, AR.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Duplex with both units currently leased; New roof installed in 2024; Built in 2006
