16-Unit Multifamily
202-305 Tricha Circle, Gravette, AR 72736
For Sale
$3,037,718
Residential, Gravette, AR
Property Size28,620 SF
Lot Size3.26 Acres
Price / SF$106.14
Days on Market22
Property Features for 202-305 Tricha Circle
General Information
Property type
Property subtype
Parking features
Exterior features
Fencing
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
Legal Description
Utilities
Heating system
Cooling system
Amenities
fully fenced backyard
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
NWA Residential Real Estate
(479) 202-5239
Listed By:
Danielle Richardson · License AR PB00082514
(479) 544-4779
Added: Oct 22
Changed: Nov 10
Last Checked: Nov 12 at 8:06AM
MLS# 1365915
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.
Eight duplex buildings contain 16 residential units across a 3.26-acre site. The portfolio totals 28,620 square feet and was built in 2022; 14 units are occupied and two are vacant. Unit finishes include tile and wood flooring, granite countertops, and fully fenced backyards.
Brick construction, shingle roofing, garage parking, and concrete driveways are among the property’s physical features. Heating is central natural gas, and cooling is central electric air conditioning. The kitchens include dishwashers, gas ranges, microwaves, refrigerators, and electric water heaters.
Brick construction, shingle roofing, garage parking, and concrete driveways are among the property’s physical features. Heating is central natural gas, and cooling is central electric air conditioning. The kitchens include dishwashers, gas ranges, microwaves, refrigerators, and electric water heaters.
Key Highlights
- Eight duplexes comprise 16 units across 3.26 acres
- 14 units occupied and 2 vacant
- 28,620 square feet; built in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$233,097
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,661,940
$4.7M
Cap Rate 7%
$3,329,957
$3.3M
Cap Rate 9%
$2,589,967
$2.6M
Market Conditions
NOI Build-Up for 28,620 SF
Gross rent
$449.9K $15.72/SF
− Vacancy
−$26.1K −$0.91/SF
EGI
$423.8K $14.81/SF
− OpEx
−$190.7K −$6.66/SF
NOI
$233.1K $8.14/SF
Area
Benton County, AR
Vacancy
5.80%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,661,940
Cap Rate 7%
$3,329,957
Cap Rate 9%
$2,589,967
Alternative Uses
Best Use
Apartment 5plus
$3.33M
$2.91M – $3.88M
NOI $233,097 @ 7.0% cap · market cap 7.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.86M
$6.88M – $9.18M
NOI $550,548 @ 7.0% cap · market cap 18.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
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Business Placement
Demographics for 72736, AR
7,046
Population
2,682
Households
2.6
Avg Household Size
38
Median Age
24%
College-Educated
88%
High-School Grad
98.5 sq mi
ZIP Area
72
Density / Sq Mi
$73,565
Median Household Income
$43,892
Median Earnings
$1,012
Median Rent
$277,500
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Benton County, AR
Properties on Market for Multifamily properties in Benton County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - The property combines occupied residences with two vacant units across eight duplex buildings.
Where is this multifamily property located?
The property is located at 202-305 Tricha Circle Gravette, AR.
What is the asking price?
The asking price for this property is $3,037,718.
What are key features of this property?
This property features: Eight duplexes comprise 16 units across 3.26 acres; 14 units occupied and 2 vacant; 28,620 square feet; built in 2022
