Remodeled Apartment
For Sale
$1,310,000
2765 #1-4 & 2731-2737 N Valencia Avenue, Fayetteville, AR 72703
Residential, Fayetteville, AR
Property Size7,296 SF
Lot Size0.53 Acres
Price / SF$179.55
Days on Market93
Property Features for 2765 #1-4 & 2731-2737 N Valencia Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
16
Bathrooms
16
Full bathrooms
8
Half bathrooms
8
Rooms
Bathroom 5, Bathroom 15, Bedroom 11, Bathroom 10, Bedroom 5, Bathroom 13, Bedroom 15, Bathroom 8, Bathroom 11, Bedroom 8, Bedroom 3, Bathroom 9, Bathroom 14, Bedroom 13, Bedroom 7, Bathroom 1, Bedroom 14, Bathroom 7, Bedroom 6, Bedroom 16, Bedroom 2, Bedroom 10, Bedroom 4, Bedroom 12, Bedroom 9, Bathroom 3, Bathroom 16, Bathroom 2, Bathroom 4, Bathroom 12, Bedroom 1, Bathroom 6
Parking features
Parking Lot
Window features
Blinds
Patio and Porch features
Porch, Patio
Interior features
CeilingFans, GraniteCounters, Pantry, WalkInClosets, WindowTreatments
Exterior features
ConcreteDriveway
Appliances
CounterTop, Dryer, Dishwasher, ElectricOven, ElectricRange, ElectricWaterHeater, Disposal, Refrigerator, RangeHood, Washer, PlumbedForIceMaker
Subdivision
Villa North
Lot features
Central Business District, Corner Lot, City Lot, Level, Near Park, Subdivision
Elementary school district
Fayetteville
Middle school district
Fayetteville
High school district
Fayetteville
Directions
From N College Ave/71B, turn west on E Drake St, then left on N Valencia Ave. The property is on the corner on the right side. NO yard sign - Please Do Not Disturb tenants.
Standard status
Active
APN
765-11815-000
Size
7,296 SF
Lot size
0.53 Acres
Taxes and HOA fees
Tax Description
LOTS 18 & 19 BLOCK 6, Villa North Subdivision
Tax Annual Amount
6504
Legal Description
LOTS 18 & 19 BLOCK 6, Villa North Subdivision
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Building Details
Year built
1984
Floors in Building
2
Number of units
8
Flooring type
Vinyl, Carpet
Building materials
Brick, VinylSiding
Roof type
Shingle
Listing Agency:
Keller Williams Market Pro Realty · Keller Williams Realty
(479) 718-2800
Listed By:
Jody Cohen · License #SA00070744
(479) 871-3573
Added: Jul 9
Changed: Oct 1
Last Checked: Oct 9 at 6:06PM
MLS# 1354782
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.
This Fayetteville multifamily property includes two four-plex buildings with eight two-bedroom, 1.5-bathroom apartments totaling 7,296 square feet on 0.53 acres. The buildings were constructed in 1984 and have received extensive updates, including newer roofing, HVAC systems, flooring, interior paint, cabinetry, countertops, lighting, and plumbing fixtures. Kitchen appliances and washers and dryers convey with the sale. Interior details include granite counters, pantries, walk-in closets, ceiling fans, vinyl and carpet flooring, patios, and porches. Parking is provided in an on-site lot, with brick and vinyl siding exteriors and shingle roofs.
Seven of the eight units are currently leased. The property is located at 2765 #1-4 and 2731-2737 N Valencia Avenue in Fayetteville, near schools, grocery stores, restaurants, shopping, trails, and other daily amenities. The University of Arkansas is 3.3 miles away, with access to both uptown and downtown Fayetteville.
Seven of the eight units are currently leased. The property is located at 2765 #1-4 and 2731-2737 N Valencia Avenue in Fayetteville, near schools, grocery stores, restaurants, shopping, trails, and other daily amenities. The University of Arkansas is 3.3 miles away, with access to both uptown and downtown Fayetteville.
Key Highlights
- Two four‑plex buildings with 8 two‑bedroom, 1.5‑bathroom units
- 7 of 8 units are currently leased
- 7,296 square feet on 0.53 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,093
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,161,860
$1.2M
Cap Rate 7%
$829,900
$829.9K
Cap Rate 9%
$645,478
$645.5K
Market Conditions
NOI Build-Up for 7,296 SF
Gross rent
$113.8K $15.60/SF
− Vacancy
−$8.2K −$1.12/SF
EGI
$105.6K $14.48/SF
− OpEx
−$47.5K −$6.51/SF
NOI
$58.1K $7.96/SF
Area
Washington County, AR
Vacancy
7.20%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,161,860
Cap Rate 7%
$829,900
Cap Rate 9%
$645,478
Alternative Uses
Best Use
Apartment 5plus
$829.9K
$726.2K – $968.2K
NOI $58,093 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.96M
$1.71M – $2.28M
NOI $137,085 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
8
Residential units
87.5%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,371
Businesses Nearby
Explore this area
Business Placement
Demographics for 72703, AR
33,767
Population
17,202
Households
2
Avg Household Size
33
Median Age
49%
College-Educated
96%
High-School Grad
40.2 sq mi
ZIP Area
840
Density / Sq Mi
$60,232
Median Household Income
$39,190
Median Earnings
$958
Median Rent
$341,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two updated four-plex buildings feature refreshed kitchens, laundry equipment, and practical apartment layouts.
Where is this apartment building located?
The property is located at 2765 #1-4 & 2731-2737 N Valencia Avenue Fayetteville, AR.
What is the asking price?
The asking price for this property is $1,310,000.
What are key features of this property?
This property features: Two four‑plex buildings with 8 two‑bedroom, 1.5‑bathroom units; 7 of 8 units are currently leased; 7,296 square feet on 0.53 acres
