Duplex with Fenced
New
For Sale
$519,900
304 Tricha Circle, Gravette, AR 72736
Residential, Gravette, AR
Property Size3,582 SF
Lot Size0.25 Acres
Price / SF$145.14
Days on Market3
Property Features for 304 Tricha Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Garage
Exterior features
ConcreteDriveway
Fencing
Privacy
Appliances
Dishwasher, ElectricWaterHeater, GasRange, Microwave, Refrigerator
Subdivision
Teris Place Gravette
Lot features
Cleared
Elementary school district
Gravette
Middle school district
Gravette
High school district
Gravette
Directions
AR 72 W | Left onto SW 2nd St | Right onto Dallas | Turn right onto Tricha.
Standard status
Active
APN
11-02217-000
Size
3,582 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Description
STR: 11-20-33
Tax Annual Amount
4635
Legal Description
STR: 11-20-33
Utilities
Heating system
Natural Gas, Central
Cooling system
Electric, Central Air
Building Details
Year built
2022
Floors in Building
1
Number of units
2
Flooring type
Wood, Tile
Building materials
Brick
Roof type
Shingle
Listing Agency:
NWA Residential Real Estate
(479) 202-5239
Listed By:
Danielle Hefley · License #PB00082514
(479) 544-4779
Added: Aug 27
Changed: Aug 28
Last Checked: Aug 29 at 6:06AM
MLS# 1360287
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 2022 duplex at 304 Tricha Circle contains 3,582 square feet across two units, with 1,791 square feet per side. Each residence includes granite countertops, spacious living areas, wood and tile flooring, a kitchen equipped with a dishwasher, electric water heater, gas range, microwave, and refrigerator, plus central heating and cooling. Brick construction, shingle roofing, garages, concrete driveways, and privacy fencing complete the property improvements.
Both units are currently leased, and the leases transfer to the new owner. The property occupies 0.25 acres in Gravette, Arkansas, and each side includes a fully fenced backyard. Central natural-gas heating and electric central air support year-round climate control.
Both units are currently leased, and the leases transfer to the new owner. The property occupies 0.25 acres in Gravette, Arkansas, and each side includes a fully fenced backyard. Central natural-gas heating and electric central air support year-round climate control.
Key Highlights
- Two‑unit duplex totaling 3,582 square feet
- Each unit offers 1,791 square feet of living space
- Built in 2022 with brick construction and shingle roofing
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
$32,696
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
6.29%
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%
$653,920
$653.9K
Cap Rate 7%
$467,086
$467.1K
Cap Rate 9%
$363,289
$363.3K
Market Conditions
NOI Build-Up for 3,582 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
$49.4K $13.80/SF
− Vacancy
−$2.7K −$0.76/SF
EGI
$46.7K $13.04/SF
− OpEx
−$14.0K −$3.91/SF
NOI
$32.7K $9.13/SF
Area
Benton County, AR
Vacancy
5.51%
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%
$653,920
Cap Rate 7%
$467,086
Cap Rate 9%
$363,289
Alternative Uses
Best Use
Multifamily LT 5
$467.1K
$408.7K – $544.9K
NOI $32,696 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$416.8K
$364.7K – $486.2K
NOI $29,174 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$984.4K
$861.3K – $1.15M
NOI $68,905 @ 7.0% cap · market cap 13.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Explore this area
Business Placement
Demographics for 72736, AR
7,046
Population
2,682
Households
2.6
Avg Household Size
38
Median Age
24%
College-Educated
88%
High-School Grad
98.5 sq mi
ZIP Area
72
Density / Sq Mi
$73,565
Median Household Income
$43,892
Median Earnings
$1,012
Median Rent
$277,500
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 - Two leased units feature granite countertops, attached garages, and private fenced outdoor areas.
Where is this duplex located?
The property is located at 304 Tricha Circle Gravette, AR.
What is the asking price?
The asking price for this property is $519,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 3,582 square feet; Each unit offers 1,791 square feet of living space; Built in 2022 with brick construction and shingle roofing
