240 Ash Street, Conway, AR 72034
MULTI_FAMILY - Conway, AR
- Added:
- Mar 16, 2026
- Days on Market:
- 113
- Last Refresh:
- Jul 6 at 12:06 am
Property Features for 240 Ash Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Carport
- Appliances
- Free-Standing Stove, Free-Standing Stove
- Standard status
- Active
- Size
- 1,320 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Description
- Lot 4 Blk 65 Boulevard Add W9
- Tax Annual Amount
- 1304
Building Details
- Year built
- 1937
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Carpet - Partial, Laminate
- Roof type
- Composition
- Architectural style
- Craftsman
Listing agent Stefanie Schrekenhofer (501) 428-3120
Listing office Arkansas Real Estate Collective, Conway Branch 3200 W Tyler St., Suite B, Russellville, AR (501) 499-2097
Listing date Mar 16, 2026
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.
HighLights
- Duplex built in 1937 with Craftsman architectural style
- Each unit offers 1 bed and 1 bath
- Units rent for $725 per month each
- Long‑term tenants in place
- Carport parking
- Composition roof; laminate and partial carpet flooring
Overview
The duplex is located at 240 Ash Street in Conway, Arkansas, in Faulkner County. Public remarks note the property is so close to UCA and CBC, and that both units are occupied.
According to the listing remarks, each unit generates $725 per month and is supported by long-term tenants. For buyers seeking a straightforward duplex with consistent in-place occupancy, this layout and rent profile may be a practical fit, particularly given the reported proximity to UCA and CBC. Please review the rent and tenancy details with your agent as part of due diligence.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $13.5k | $10.20 |
| − Vacancy | −$780 | −$0.59 |
| EGI | $12.7k | $9.61 |
| − OpEx | −$3.8k | −$2.88 |
| NOI | $8.9k | $6.73 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Conway
- County
- Faulkner
- State
- Arkansas
- Longitude
- -92.446738
- Latitude
- 35.080499
