Brick Duplex with Open
For Sale
$425,000
Pending
2700 McMillan Drive, Springdale, AR 72762
Residential, Springdale, AR
Property Size2,048 SF
Lot Size0.30 Acres
Days on Market326
Property Features for 2700 McMillan Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 1, Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 2
Parking features
Open
Exterior features
ConcreteDriveway
Appliances
ElectricWaterHeater
Subdivision
Elmwood Sub Ph I
Lot features
Central Business District, Industrial Park, Subdivision
Directions
Highway 412 west to Gutensohn beside Harps food store, turn north go to McMillan on the right.
Standard status
Pending
APN
815-21803-000
Size
2,048 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Description
On File
Tax Annual Amount
2760
Legal Description
On File
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1983
Floors in Building
1
Number of units
2
Flooring type
Laminate
Building materials
Brick
Roof type
Shingle
Listing Agency:
Red Box Realty
(479) 750-4663
Listed By:
Brandi Graham · License #SA00091443
(479) 790-9337
Added: Nov 13, 2025
Changed: Sep 15
Last Checked: Oct 5 at 3:06AM
MLS# 1328477
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.
Located at 2700 McMillan Drive in Springdale, this duplex contains 2,048 square feet on a 0.303-acre lot. Built in 1983, the brick property includes four bedrooms and two bathrooms, laminate flooring, a shingle roof, central heating and cooling, an electric water heater, open parking, and a concrete driveway.
The property is across from Central Jr High and near JB Hunt Park and shopping. The current tenant occupancy provides an existing leased configuration for a buyer seeking a residential income property in Springdale.
The property is across from Central Jr High and near JB Hunt Park and shopping. The current tenant occupancy provides an existing leased configuration for a buyer seeking a residential income property in Springdale.
Key Highlights
- 2,048‑square‑foot duplex on a 0.303‑acre lot
- Four bedrooms and two bathrooms
- Both units are currently leased and tenant occupied
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
$18,430
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
4.34%
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%
$368,600
$368.6K
Cap Rate 7%
$263,286
$263.3K
Cap Rate 9%
$204,778
$204.8K
Market Conditions
NOI Build-Up for 2,048 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
$28.3K $13.80/SF
− Vacancy
−$1.9K −$0.94/SF
EGI
$26.3K $12.86/SF
− OpEx
−$7.9K −$3.86/SF
NOI
$18.4K $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 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%
$368,600
Cap Rate 7%
$263,286
Cap Rate 9%
$204,778
Alternative Uses
Best Use
Multifamily LT 5
$263.3K
$230.4K – $307.2K
NOI $18,430 @ 7.0% cap · market cap 4.34%
Second Best
Apartment 5plus
$233.0K
$203.8K – $271.8K
NOI $16,307 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$549.7K
$481.0K – $641.3K
NOI $38,480 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
299
Businesses Nearby
Explore this area
Business Placement
Demographics for 72762, AR
42,175
Population
17,270
Households
2.4
Avg Household Size
36
Median Age
33%
College-Educated
85%
High-School Grad
58.1 sq mi
ZIP Area
726
Density / Sq Mi
$80,678
Median Household Income
$42,066
Median Earnings
$1,118
Median Rent
$278,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Both units are leased, with nearby school, park, and shopping access.
Where is this duplex located?
The property is located at 2700 McMillan Drive Springdale, AR.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2,048‑square‑foot duplex on a 0.303‑acre lot; Four bedrooms and two bathrooms; Both units are currently leased and tenant occupied
