Updated Duplex End
New
For Sale
$237,500
24 Brierwood Circle, Conway, AR 72032
Residential, Townhouse, Conway, AR
Property Size2,030 SF
Lot Size0.12 Acres
Price / SF$116
Days on Market5
Property Features for 24 Brierwood Circle
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Workshop, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 2
Patio and Porch features
Porch, Deck, Patio
Interior features
Washer Connection, Dryer Connection-Electric, Water Heater-Electric, Smoke Detector(s), Walk-In Closet(s), Ceiling Fan(s), Walk-in Shower
Exterior features
Deck, Porch, Fully Fenced, Outside Storage Area, Guttering, Wood Fence, Covered Patio
Fencing
Full, Wood
Fireplace
1
Appliances
Built-In Stove, Microwave, Electric Range, Dishwasher, Disposal, Refrigerator-Stays
Subdivision
BRIERWOOD
Lot features
Level
Directions
Take Tyler to Brierwood Circle. Home is on right.
Standard status
Active
Size
2,030 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
LOT 5 & PT 6 BLK 3 BRWD SUB
Tax Annual Amount
1757
Legal Description
LOT 5 & PT 6 BLK 3 BRWD SUB
Amenities
covered back porch
storage building with electricity
stainless steel appliances
Building Details
Year built
1985
Floors in Building
2
Flooring type
Carpet, Laminate, Vinyl
Roof type
Composition
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Venture Realty Group - Cabot
(501) 259-8437
Listed By:
Alison Tucker
(501) 743-2934
Added: Aug 21
Last Checked: Aug 25 at 3:06AM
MLS# 26034278
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. 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 2,030-square-foot end-unit duplex in Conway includes three bedrooms and three bathrooms, with two primary suites arranged across the home. Each suite has a private bathroom, double vanities, and substantial closet space; the upper suite also includes a walk-in shower. Recent improvements include fresh paint, new blinds, carpet, and laminate flooring. The kitchen provides stainless steel appliances and extensive cabinet storage.
A covered back porch connects to the main-level suite and the freshly landscaped, fully fenced yard. The property also includes a wood storage building with electricity, along with a deck, patio, guttering, and composition roofing. Washer and dryer connections are provided, and the refrigerator stays.
The home is near three college campuses, Tucker Creek Walking Trail and Park, and freeway access. It was built in 1985 and sits on a 0.12-acre lot.
A covered back porch connects to the main-level suite and the freshly landscaped, fully fenced yard. The property also includes a wood storage building with electricity, along with a deck, patio, guttering, and composition roofing. Washer and dryer connections are provided, and the refrigerator stays.
The home is near three college campuses, Tucker Creek Walking Trail and Park, and freeway access. It was built in 1985 and sits on a 0.12-acre lot.
Key Highlights
- 2,030‑square‑foot end‑unit duplex with 3 bedrooms and 3 bathrooms
- Two primary suites, each with a private en suite bathroom and double vanities
- Recent updates include fresh paint, new blinds, carpet, and laminate flooring
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
$13,655
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
5.75%
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%
$273,100
$273.1K
Cap Rate 7%
$195,071
$195.1K
Cap Rate 9%
$151,722
$151.7K
Market Conditions
NOI Build-Up for 2,030 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
$20.7K $10.20/SF
− Vacancy
−$1.2K −$0.59/SF
EGI
$19.5K $9.61/SF
− OpEx
−$5.9K −$2.88/SF
NOI
$13.7K $6.73/SF
Area
Faulkner County, AR
Vacancy
5.79%
Lease Rate
$10.20 /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%
$273,100
Cap Rate 7%
$195,071
Cap Rate 9%
$151,722
Alternative Uses
Best Use
Multifamily LT 5
$195.1K
$170.7K – $227.6K
NOI $13,655 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$174.3K
$152.5K – $203.4K
NOI $12,203 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$463.0K
$405.1K – $540.2K
NOI $32,411 @ 7.0% cap · market cap 13.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
199
Businesses Nearby
Explore this area
Business Placement
Demographics for 72032, AR
34,316
Population
14,255
Households
2.4
Avg Household Size
35
Median Age
27%
College-Educated
94%
High-School Grad
114.5 sq mi
ZIP Area
300
Density / Sq Mi
$61,452
Median Household Income
$36,877
Median Earnings
$976
Median Rent
$183,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - End-unit duplex with two primary suites, covered outdoor space, fenced yard, and a powered storage building.
Where is this duplex located?
The property is located at 24 Brierwood Circle Conway, AR.
What is the asking price?
The asking price for this property is $237,500.
What are key features of this property?
This property features: 2,030‑square‑foot end‑unit duplex with 3 bedrooms and 3 bathrooms; Two primary suites, each with a private en suite bathroom and double vanities; Recent updates include fresh paint, new blinds, carpet, and laminate flooring
