Duplex with Brick
For Sale
$399,900
201 & 203 Asher Court, Rogers, AR 72758
MULTI_FAMILY - Rogers, AR
Property Size2,400 SF
Lot Size0.25 Acres
Price / SF$166.63
Days on Market12
Property Features for 201 & 203 Asher Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential
Parking features
Garage, Open
Exterior features
ConcreteDriveway
Appliances
GasWaterHeater
Subdivision
Plantation
Lot features
Cleared, Corner Lot, City Lot
Elementary school district
Rogers
Middle school district
Rogers
High school district
Rogers
Directions
From New Hope Road, South on S 1st Street. Left on E. Laura St, take 2nd right on S B St. Asher court is first street on the left with the Duplex being on the immediate corner to the left.
Standard status
Active
APN
02-19200-000
Size
2,400 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Description
357
Legal Description
357
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2006
Floors in Building
1
Number of units
2
Flooring type
Tile, Carpet
Building materials
Brick
Roof type
Shingle, Asphalt
Listing Agency:
Dick Weaver And Associate Inc
(479) 721-1102
Listed By:
Noel Castaneda · License #SA00062788
(479) 685-7307
Added: Jul 31
Changed: Aug 10
Last Checked: Aug 11 at 11:06PM
MLS# 1357340
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 brick duplex includes two units at 201 and 203 Asher Court on a 0.25-acre lot. The property was built in 2006 and features an asphalt shingle roof. Interior finishes include tile and carpet flooring, with central heating and central air conditioning. Appliances include a gas water heater.
Both units are currently leased, offering an owner a live-in option while the other side remains rented. A new roof was completed in 2024. Parking is available with an open parking area plus a garage, supported by a concrete driveway.
The layout includes three bedrooms and two bathrooms per unit, making it well-suited for tenants who want additional space. The property is close to schools, parks, and shopping. Appointments are requested at least 24 hours before showing.
Both units are currently leased, offering an owner a live-in option while the other side remains rented. A new roof was completed in 2024. Parking is available with an open parking area plus a garage, supported by a concrete driveway.
The layout includes three bedrooms and two bathrooms per unit, making it well-suited for tenants who want additional space. The property is close to schools, parks, and shopping. Appointments are requested at least 24 hours before showing.
Key Highlights
- Two‑unit duplex at 201 & 203 Asher Court
- Both units currently leased
- New roof in 2024 with asphalt shingle roofing
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
$21,907
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
5.48%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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
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 - Brick duplex on a concrete driveway lot, with both units currently leased and served by central heat and central air.
Where is this duplex located?
The property is located at 201 & 203 Asher Court 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: Two‑unit duplex at 201 & 203 Asher Court; Both units currently leased; New roof in 2024 with asphalt shingle roofing
