Two-Unit
27 Martin Luther King Jr Boulevard, Fayetteville, AR 72701
For Sale
New
$170,000
Residential, Fayetteville, AR
Property Size1,624 SF
Lot Size0.26 Acres
Price / SF$104.68
Days on Market1
Property Features for 27 Martin Luther King Jr Boulevard
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Security features
Appliances
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Buildings
Listing Agency:
Local Living Real Estate
(479) 737-4422
Listed By:
Laycee Maupin · License AR SA00089382
(479) 276-5308
Added: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 1368017
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.
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Investment Insights
Based on property information with market context.
Built in 1926, this duplex contains two separate residences, each arranged with two bedrooms and one bathroom. The building totals 1,624 square feet on a 0.2583-acre parcel. Wood siding and a metal roof are among its recorded features, along with a gas water heater.
Parking options include a garage, driveway, and parking lot. The property is being sold as-is, with repairs and updates needed.
Parking options include a garage, driveway, and parking lot. The property is being sold as-is, with repairs and updates needed.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,624‑square‑foot building on a 0.2583‑acre lot
- Built in 1926
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,615
Cap Rate
8.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$292,300
$292.3K
Cap Rate 7%
$208,786
$208.8K
Cap Rate 9%
$162,389
$162.4K
Market Conditions
NOI Build-Up for 1,624 SF
Gross rent
$22.4K $13.80/SF
− Vacancy
−$1.5K −$0.94/SF
EGI
$20.9K $12.86/SF
− OpEx
−$6.3K −$3.86/SF
NOI
$14.6K $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%
$292,300
Cap Rate 7%
$208,786
Cap Rate 9%
$162,389
Alternative Uses
Best Use
Multifamily LT 5
$208.8K
$182.7K – $243.6K
NOI $14,615 @ 7.0% cap · market cap 8.60%
Second Best
Apartment 5plus
$184.7K
$161.6K – $215.5K
NOI $12,931 @ 7.0% cap · market cap 7.61%
Theoretical Best
Office A
$435.9K
$381.4K – $508.6K
NOI $30,514 @ 7.0% cap · market cap 17.95%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,313
Businesses Nearby
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Business Placement
Demographics for 72701, AR
48,269
Population
20,057
Households
2.4
Avg Household Size
28
Median Age
42%
College-Educated
93%
High-School Grad
126.0 sq mi
ZIP Area
383
Density / Sq Mi
$50,413
Median Household Income
$27,305
Median Earnings
$973
Median Rent
$323,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Fayetteville, AR
Properties on Market for Duplexes in Fayetteville
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence contains two bedrooms and one bathroom, and the property is offered in its current condition.
Where is this duplex located?
The property is located at 27 Martin Luther King Jr Boulevard Fayetteville, AR.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,624‑square‑foot building on a 0.2583‑acre lot; Built in 1926
