Three-Unit Updated Townhome
2103 2105 2107 N East Oaks Drive, Fayetteville, AR 72703
For Sale
$651,000
Three tenant-occupied residences feature refreshed interiors and newer appliances, including refrigerators and washer/dryer sets.
Property Size3,672 SF
Price / SF$177.29
Days on Market125
Property Features for 2103 2105 2107 N East Oaks Drive
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Ceiling Fan(s)
Granite Counters
Other
Pantry
Walk-In Closet(s)
Window Treatments
Concrete Driveway
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Keller Williams Market Pro Realty
(479) 718-2800
Listed By:
Jody Cohen · License AR SA00070744
(479) 871-3573
Source:
Beaverlakerealty
Added: Jul 9
Changed: Nov 8
Last Checked: Nov 9 at 2:58PM
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 Keller Williams Market Pro Realty
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Investment Insights
Based on property information with market context.
This multifamily property comprises three single-family townhome units, each with 2 bedrooms and 1.5 bathrooms. Built in 1981, the buildings have a newer roof, updated flooring and paint, granite countertops, refinished cabinets, and replacement lighting and plumbing fixtures. Kitchens include newer appliances, refrigerators, and washer/dryer sets. The three units total 3,672 square feet and are tenant occupied.
The property is in East Fayetteville, 3.3 miles from the University of Arkansas campus and downtown. Gully Park and the Razorback Greenway trail are also nearby, with shopping and dining in the surrounding area.
The property is in East Fayetteville, 3.3 miles from the University of Arkansas campus and downtown. Gully Park and the Razorback Greenway trail are also nearby, with shopping and dining in the surrounding area.
Key Highlights
- Three single‑family townhome units, each with 2 bedrooms and 1.5 bathrooms
- 3,672 square feet total across the three units
- Tenant occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,237
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$584,740
$584.7K
Cap Rate 7%
$417,671
$417.7K
Cap Rate 9%
$324,856
$324.9K
Market Conditions
NOI Build-Up for 3,672 SF
Gross rent
$57.3K $15.60/SF
− Vacancy
−$4.1K −$1.12/SF
EGI
$53.2K $14.48/SF
− OpEx
−$23.9K −$6.51/SF
NOI
$29.2K $7.96/SF
Area
Washington County, AR
Vacancy
7.20%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$584,740
Cap Rate 7%
$417,671
Cap Rate 9%
$324,856
Alternative Uses
Best Use
Apartment 5plus
$417.7K
$365.5K – $487.3K
NOI $29,237 @ 7.0% cap · market cap 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$985.6K
$862.4K – $1.15M
NOI $68,994 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
352
Businesses Nearby
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Business Placement
Demographics for 72703, AR
33,767
Population
17,202
Households
2
Avg Household Size
33
Median Age
49%
College-Educated
96%
High-School Grad
40.2 sq mi
ZIP Area
840
Density / Sq Mi
$60,232
Median Household Income
$39,190
Median Earnings
$958
Median Rent
$341,700
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Fayetteville, AR
Properties on Market for Multifamily properties in Fayetteville
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Three tenant-occupied residences feature refreshed interiors and newer appliances, including refrigerators and washer/dryer sets.
Where is this multifamily property located?
The property is located at 2103 2105 2107 N East Oaks Drive Fayetteville, AR.
What is the asking price?
The asking price for this property is $651,000.
What are key features of this property?
This property features: Three single‑family townhome units, each with 2 bedrooms and 1.5 bathrooms; 3,672 square feet total across the three units; Tenant occupied
