Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    216 E Spring Street Fayetteville, AR 72701

    View on Map
    Claim this Listing
    New
    For Sale
    $650,000

    MULTI_FAMILY - Fayetteville, AR

    Property size:
    3,072 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $211/SF
    Added:
    May 6, 2026
    Days on Market:
    2
    Last Refresh:
    May 7 at 3:06 am

    Property Features for 216 E Spring Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    3
    Bathrooms
    3
    Rooms
    Bathroom 3, Bathroom 1, Bedroom 1, Basement, Bedroom 2, Bedroom 3, Bathroom 2
    Parking features
    Assigned
    Exterior features
    ConcreteDriveway
    Appliances
    Dryer, ElectricWaterHeater, Refrigerator, Washer
    Standard status
    Active
    APN
    765-11663-000
    Size
    3,072 SF
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Description
    LOT 8 BLOCK 2
    Tax Annual Amount
    4568

    Utilities

    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air

    Building Details

    Year built
    1941
    Floors in Building
    3
    Number of units
    3
    Flooring type
    Concrete, Wood, Carpet
    Building materials
    WoodSiding
    Roof type
    Shingle, Asphalt

    We can help!

    Listing Contact
    Jackson Williams

    Listing agent Jackson Williams License #PB00059990

    Listing office Navigate Real Estate 700 N Vinson Ave, Fayetteville, AR

    Listing date May 6, 2026

    MLS# 1342931 Listing URL

    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.

    HighLights

    • Prime Location: Just a block South of N College and three blocks from Dickson Street and the Fayetteville Square.
    • Income‑Producing Property: Fully leased with a history of generating income.
    • Three Unique Units: Offers diverse rental opportunities.
    • Off‑Street Parking: A valuable amenity in a downtown location.
    • Walkable to Everything: Convenient access to Fayetteville's attractions and amenities.
    • Large Rooms: Provides comfortable living spaces for tenants.

    Overview

    Fayetteville Triplex Near Downtown

    This three-unit apartment building is located one block south of North College Avenue and three blocks from both Dickson Street and the Fayetteville Square. The property features three unique units with large rooms and off-street parking. The units are currently tenant-occupied. The property is a downtown income-producing property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Washington
    State
    Arkansas
    Longitude
    -94.155175
    Latitude
    36.064736

    Nearby Similar for Sale

    • $1,495,000
      2,779 SF

      Fayetteville Restaurant Opportunity For Sale

      Turnkey restaurant near University of Arkansas with high-visibility.
      514 N College Avenue, Fayetteville, AR 72701
      View Details
    • $2,300,000
      6,216 SF

      Fayetteville Office Building For Sale/Lease

      Highly visible, fully leased office complex in Uptown Fayetteville.
      3945 N Vantage Drive, Fayetteville, AR 72703
      View Details
    • $549,000
      3,174 SF

      Fayetteville Triplex Investment Opportunity

      Triplex near University of Arkansas with flexible investment strategies.
      1270 -1274 Trinity Drive, Fayetteville, AR 72704
      View Details
    • $2,500,000
      8,484 SF

      Fayetteville Office or Retail Space

      High-traffic location suitable for office or retail use.
      3887 N Crossover Road, Fayetteville, AR 72703
      View Details
    • $621,900
      2,784 SF

      New Duplex in South Fayetteville

      New duplex for sale in up-and-coming Fayetteville location.
      832 S Dockery Lane, Fayetteville, AR 72701
      View Details
    • $621,900
      2,784 SF

      New Duplex in South Fayetteville

      Fully leased duplex with modern amenities in up-and-coming location.
      820 S Dockery Lane, Fayetteville, AR 72701
      View Details
    • $3,650,000
      16,998 SF

      Fayetteville Multi-Story Commercial Building

      Fully leased commercial building near University of Arkansas and courthouse.
      2 N College Avenue, Fayetteville, AR 72701
      View Details
    • $550,000
      2,866 SF

      Upscale Duplex on Corner Lot

      Fayetteville duplex with modern amenities, ideal for living or investment.
      6297 and 6299 W Milliken Bend, Fayetteville, AR 72704
      View Details
    • $435,000
      2,726 SF

      Fayetteville Multifamily Investment Opportunity

      Multifamily property near University of Arkansas, ideal for investment.
      114 & 116 S Ray Avenue, Fayetteville, AR 72701
      View Details
    • $2,400,000
      12,968 SF

      Fayetteville Investment Opportunity

      Cash flowing investment property with upside potential in Fayetteville, AR.
      4083 N Shiloh Drive, Fayetteville, AR 72703
      View Details
    • $430,000
      2,324 SF

      Updated Duplex in Fayetteville

      Turnkey duplex with updated units near University of Arkansas.
      1372 & 1374 N Chickadee Avenue, Fayetteville, AR 72704
      View Details
    • $2,675,400
      13,720 SF

      Fayetteville Investment Property For Sale

      East Fayetteville investment property with two buildings on 2.48 acres.
      4171 & 4153 Crossover Road, Fayetteville, AR 72703
      View Details

    FAQs

    What type of property is this?
    Triplex - Fully leased triplex near Dickson Street and Fayetteville Square.
    Where is this triplex located?
    The property is located at 216 E Spring Street Fayetteville, AR.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Prime Location: Just a block South of N College and three blocks from Dickson Street and the Fayetteville Square.; Income‑Producing Property: Fully leased with a history of generating income.; Three Unique Units: Offers diverse rental opportunities.
    (479) 841-3639
    We can help!
    Listing Contact
    Jackson Williams
    Real Estate License ID: PB00059990
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    216 E Spring Street, Fayetteville, AR 72701
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!