Remodeled Four-Unit
For Sale
$655,000
2130 2134 2142 21 E Frazier Terrace, Fayetteville, AR 72703
Updated multifamily property with matching residences, appliances, and laundry equipment included.
Property Size4,352 SF
Price / SF$150.51
Days on Market50
Property Features for 2130 2134 2142 21 E Frazier Terrace
General Information
Standard status
Active
Size
4,352 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR/1.5BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Building Details
Year Built
1989
Buildings
1
Listing Agency:
Keller Williams Market Pro Realty
Listed By:
Jody Cohen · License #02880
(479) 871-3573
Source:
Mcmullenrealtynwa
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 28 at 5:10AM
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.
Built in 1989, this 4,352 SF quadplex contains four 2-bedroom, 1.5-bathroom residences with matching layouts. Improvements include a newer roof, select HVAC systems, flooring, interior paint, refinished cabinetry, granite countertops, and updated lighting and plumbing fixtures. Kitchen appliances, including refrigerators, are updated, and washers and dryers convey with the property.
Two of the four units are leased, while the remaining availability provides an owner-occupancy option. The property is near Lake Fayetteville, the Botanical Gardens, FAC, NW Arkansas Mall, grocery stores, restaurants, shopping, trails, and other everyday amenities. Fayetteville uptown and I-49 are accessible from the property, and the University of Arkansas is roughly a 12-minute drive away.
Two of the four units are leased, while the remaining availability provides an owner-occupancy option. The property is near Lake Fayetteville, the Botanical Gardens, FAC, NW Arkansas Mall, grocery stores, restaurants, shopping, trails, and other everyday amenities. Fayetteville uptown and I-49 are accessible from the property, and the University of Arkansas is roughly a 12-minute drive away.
Key Highlights
- 4,352 SF quadplex built in 1989
- Four 2‑bedroom, 1.5‑bathroom units with matching layouts
- Updates include newer roof, select HVAC systems, flooring, paint, cabinetry, granite, lighting, and plumbing fixtures
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,165
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$783,300
$783.3K
Cap Rate 7%
$559,500
$559.5K
Cap Rate 9%
$435,167
$435.2K
Market Conditions
NOI Build-Up for 4,352 SF
Gross rent
$60.1K $13.80/SF
− Vacancy
−$4.1K −$0.94/SF
EGI
$55.9K $12.86/SF
− OpEx
−$16.8K −$3.86/SF
NOI
$39.2K $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 Rate 5%
$783,300
Cap Rate 7%
$559,500
Cap Rate 9%
$435,167
Alternative Uses
Best Use
Multifamily LT 5
$559.5K
$489.6K – $652.8K
NOI $39,165 @ 7.0% cap · market cap 5.98%
Second Best
Apartment 5plus
$495.0K
$433.2K – $577.5K
NOI $34,652 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,770 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
916
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Updated multifamily property with matching residences, appliances, and laundry equipment included.
Where is this quadplex located?
The property is located at 2130 2134 2142 21 E Frazier Terrace Fayetteville, AR.
What is the asking price?
The asking price for this property is $655,000.
What are key features of this property?
This property features: 4,352 SF quadplex built in 1989; Four 2‑bedroom, 1.5‑bathroom units with matching layouts; Updates include newer roof, select HVAC systems, flooring, paint, cabinetry, granite, lighting, and plumbing fixtures
