Contemporary Duplex with
For Sale
$620,000
2607 SW Lofoten Street, Bentonville, AR 72713
MULTI_FAMILY - Contemporary - Bentonville, AR
Property Size2,918 SF
Lot Size0.21 Acres
Price / SF$212.47
Days on Market162
Property Features for 2607 SW Lofoten Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
6
Full bathrooms
4
Half bathrooms
2
Rooms
Bedroom 3, Bathroom 5, Bathroom 4, Bedroom 2, Bathroom 3, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 5, Bathroom 6, Bedroom 6
Parking features
Covered, Open, Garage
Window features
Blinds
Patio and Porch features
Patio
Interior features
Attic, WetBar, CeilingFans, EatInKitchen, Pantry, QuartzCounters, Storage, WalkInClosets, WindowTreatments
Exterior features
ConcreteDriveway
Fencing
Privacy
Appliances
Dishwasher, ElectricCooktop, ElectricOven, ElectricRange, ElectricWaterHeater, MicrowaveHoodFan, Microwave, Refrigerator, RangeHood, EnergyStarQualifiedAppliances
Subdivision
Poigai Estates Ph 2 Bentonville
Lot features
City Lot, Landscaped, Level, Near Park
Directions
From SW Bright Rd turn right to SW Casuarina Dr then right to Southwest Lofoten Street.
Standard status
Active
APN
01-20978-000
Size
2,918 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Description
PLAT 11/29/2023 L202361036
Tax Annual Amount
1476
Legal Description
PLAT 11/29/2023 L202361036
Utilities
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
ENERGY STAR Qualified Equipment, Electric, Heat Pump
Water source
Public
Building Details
Year built
2024
Floors in Building
2
Number of units
2
Flooring type
Vinyl
Building materials
Brick, VinylSiding
Roof type
Shingle, Asphalt
Architectural style
Contemporary
Additional Structures
Storage
Listing Agency:
Homecoin.com
(888) 400-2513
Listed By:
Jonathan Minerick · License #01523060
(888) 400-2513
Added: Mar 12
Changed: Aug 5
Last Checked: Aug 20 at 3:06PM
MLS# 1339097
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.
Investment Insights
Based on property information with market context.
Completed in 2024, this contemporary duplex contains 2 residences totaling 2,918 square feet. Each unit includes 3 bedrooms, 2.5 bathrooms, a loft, and a primary bedroom on the main level. Interior finishes include 9-foot ceilings on both floors, quartz countertops, upgraded primary bathrooms with glass shower doors, luxury vinyl flooring, walk-in closets, pantries, and storage areas. Kitchens are equipped with electric appliances, including refrigerators, ranges, dishwashers, and microwaves.
The property occupies a 0.21-acre west-facing lot at 2607 SW Lofoten Street in Bentonville, Arkansas. Exterior features include garages, covered and open parking, a concrete driveway, patio space, privacy fencing, and public water service. Each residence also has access to an EV charging port, while heat-pump systems provide electric heating and cooling.
The property occupies a 0.21-acre west-facing lot at 2607 SW Lofoten Street in Bentonville, Arkansas. Exterior features include garages, covered and open parking, a concrete driveway, patio space, privacy fencing, and public water service. Each residence also has access to an EV charging port, while heat-pump systems provide electric heating and cooling.
Key Highlights
- 2‑unit duplex completed in 2024
- Each unit has 3 bedrooms, 2.5 bathrooms, and a loft
- 2,918 square feet on a 0.21‑acre west‑facing lot
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
$26,635
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
4.30%
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%
$532,700
$532.7K
Cap Rate 7%
$380,500
$380.5K
Cap Rate 9%
$295,944
$295.9K
Market Conditions
NOI Build-Up for 2,918 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
$40.3K $13.80/SF
− Vacancy
−$2.2K −$0.76/SF
EGI
$38.0K $13.04/SF
− OpEx
−$11.4K −$3.91/SF
NOI
$26.6K $9.13/SF
Area
Benton County, AR
Vacancy
5.51%
Lease Rate
$13.80 /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%
$532,700
Cap Rate 7%
$380,500
Cap Rate 9%
$295,944
Alternative Uses
Best Use
Multifamily LT 5
$380.5K
$332.9K – $443.9K
NOI $26,635 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$339.5K
$297.1K – $396.1K
NOI $23,766 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$801.9K
$701.7K – $935.5K
NOI $56,132 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
135
Businesses Nearby
Explore this area
Business Placement
Demographics for 72713, AR
25,076
Population
10,752
Households
2.3
Avg Household Size
31
Median Age
58%
College-Educated
97%
High-School Grad
48.5 sq mi
ZIP Area
517
Density / Sq Mi
$117,752
Median Household Income
$72,491
Median Earnings
$1,302
Median Rent
$355,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two upgraded residences offer private garages, modern finishes, and efficient electric heating and cooling.
Where is this duplex located?
The property is located at 2607 SW Lofoten Street Bentonville, AR.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: 2‑unit duplex completed in 2024; Each unit has 3 bedrooms, 2.5 bathrooms, and a loft; 2,918 square feet on a 0.21‑acre west‑facing lot
