Duplex with Attached
New
For Sale
$349,900
2993 Jerri Unit A & B Lane, Springdale, AR 72764
Residential, Springdale, AR
Property Size2,324 SF
Lot Size0.22 Acres
Price / SF$150.56
Days on Market1
Property Features for 2993 Jerri Unit A & B Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Garage
Security features
Security
Exterior features
ConcreteDriveway
Appliances
GasWaterHeater
Subdivision
Oaks Add Ph Xiii
Lot features
Central Business District, Level, Near Park, Subdivision
Elementary school district
Springdale
Middle school district
Springdale
High school district
Springdale
Directions
From 71B head east on 412. turn left 9North) on Butterfield Coach. Head North on Butterfield Coach until first stop light. Turn left (West) on Adrian, right on Wilson, right on Braxton, right on Conner, left on Jerri. Duplex on right.
Standard status
Active
APN
815-32793-000
Size
2,324 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Description
Oaks Add Phase XIII Washington County Lot 040 S-T-R: 05-17-29
Tax Annual Amount
2563
Legal Description
Oaks Add Phase XIII Washington County Lot 040 S-T-R: 05-17-29
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Electric
Amenities
dedicated laundry room
fenced backyard
Building Details
Year built
1996
Floors in Building
1
Number of units
2
Flooring type
Laminate, Carpet, Simulatedwood
Building materials
Brick
Roof type
Shingle
Listing Agency:
Keller Williams Market Pro Realty - Rogers Branch · Keller Williams Realty
(479) 718-2800
Listed By:
Benjamin Palazzi · License #SA00087798
(479) 325-1646
Added: Aug 20
Last Checked: Aug 20 at 10:06PM
MLS# 1359506
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 brick duplex contains 2,324 square feet across two residences, each arranged with two bedrooms, two bathrooms, a kitchen, dedicated laundry room, attached garage, and fenced backyard. The property has laminate, carpet, and simulated wood flooring, along with natural gas heating, electric cooling, a gas water heater, public sewer, and a concrete driveway. A shingle roof and new gutters add to the exterior improvements.
Built in 1996, the property is located at 2993 Jerri Unit A & B Lane in Springdale, Arkansas 72764. Both units are tenant-occupied, and the site encompasses 0.2193 acres.
Built in 1996, the property is located at 2993 Jerri Unit A & B Lane in Springdale, Arkansas 72764. Both units are tenant-occupied, and the site encompasses 0.2193 acres.
Key Highlights
- Two‑unit duplex with 2,324 square feet
- Each unit offers 2 bedrooms and 2 bathrooms
- Attached garage and fenced backyard for each residence
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
$20,914
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
5.98%
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%
$418,280
$418.3K
Cap Rate 7%
$298,771
$298.8K
Cap Rate 9%
$232,378
$232.4K
Market Conditions
NOI Build-Up for 2,324 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
$32.1K $13.80/SF
− Vacancy
−$2.2K −$0.94/SF
EGI
$29.9K $12.86/SF
− OpEx
−$9.0K −$3.86/SF
NOI
$20.9K $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%
$418,280
Cap Rate 7%
$298,771
Cap Rate 9%
$232,378
Alternative Uses
Best Use
Multifamily LT 5
$298.8K
$261.4K – $348.6K
NOI $20,914 @ 7.0% cap · market cap 5.98%
Second Best
Apartment 5plus
$264.3K
$231.3K – $308.4K
NOI $18,504 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$623.8K
$545.8K – $727.8K
NOI $43,666 @ 7.0% cap · market cap 12.48%
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
156
Businesses Nearby
Explore this area
Business Placement
Demographics for 72764, AR
60,786
Population
20,781
Households
2.9
Avg Household Size
30
Median Age
20%
College-Educated
72%
High-School Grad
66.2 sq mi
ZIP Area
918
Density / Sq Mi
$61,569
Median Household Income
$34,552
Median Earnings
$984
Median Rent
$226,100
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 - Tenant-occupied duplex with two-bedroom units, private laundry areas, fenced yards, and updated roofing improvements.
Where is this duplex located?
The property is located at 2993 Jerri Unit A & B Lane Springdale, AR.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,324 square feet; Each unit offers 2 bedrooms and 2 bathrooms; Attached garage and fenced backyard for each residence
