Sherwood Duplex
3 E Laramie Drive Sherwood, AR 72120
New
3 E Laramie Drive, Sherwood, AR, 72120
$200,000
For Sale
$200,000
MULTI_FAMILY - Sherwood, AR
Property Size2,035 SF
Lot Size0.32 Acres
Price / SF$98.28
Days on Market1
Property Features for 3 E Laramie Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Interior features
- Washer Connection, Dryer Connection-Electric, Hot Water Heater-Gas, Smoke Detector, Fan - Ceiling
- Appliances
- Electric Range, Surface Range, Dishwasher, Electric Range, Surface Range, Dishwasher
- Standard status
- Active
- Size
- 2,035 SF
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Description
- lot 253
- Tax Annual Amount
- 1796
Building Details
- Year built
- 1971
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl
- Roof type
- Shingle
- Architectural style
- Other
Listing agency
Realty One Group - Pinnacle
(501) 653-7537
Listed by
Laura Osborne
(501) 944-0527
Added: Jul 22 Checked: Jul 22 at 10:06PM
MLS# 26029734
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. 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 duplex offers a well-maintained layout with two bedrooms and one full bath per unit. Both sides are described as having functional floor plans, supporting straightforward, repeatable living arrangements within the property.
The property is located in Sherwood, AR, on a residential income site totaling 0.32 acres. The listing notes long-term tenants in place, with the owner providing lawn care while tenants are responsible for all utility payments.
With a total size of 2,035 square feet, the property is positioned for low-maintenance operations under the stated expense and tenant utility arrangements.
The property is located in Sherwood, AR, on a residential income site totaling 0.32 acres. The listing notes long-term tenants in place, with the owner providing lawn care while tenants are responsible for all utility payments.
With a total size of 2,035 square feet, the property is positioned for low-maintenance operations under the stated expense and tenant utility arrangements.
Key Highlights
- Duplex built in 1971 with vinyl flooring and shingle roof
- Each unit includes 2 bedrooms and 1 full bath with a functional layout
- Interior features include washer connections and electric dryer connections
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.1k | $12.84 |
| − Vacancy | −$1.7k | −$0.83 |
| EGI | $24.4k | $12.01 |
| − OpEx | −$7.3k | −$3.60 |
| NOI | $17.1k | $8.40 |
2,035 SF · lease $12.84/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$244.3K
$213.8K – $285.0K
NOI $17,102 @ 7.0% cap · market cap 8.55%
Second Best
Apartment 5plus
$218.7K
$191.4K – $255.2K
NOI $15,309 @ 7.0% cap · market cap 7.65%
Theoretical Best
Specialty Retail
$388.2K
$339.7K – $452.9K
NOI $27,173 @ 7.0% cap · market cap 13.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex with two bedrooms and one full bath per unit, currently occupied by long-term tenants.
Where is this duplex located?
The property is located at 3 E Laramie Drive Sherwood, AR.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Duplex built in 1971 with vinyl flooring and shingle roof; Each unit includes 2 bedrooms and 1 full bath with a functional layout; Interior features include washer connections and electric dryer connections
