Two-Story Duplex with Fenced
3062 and 3064 Mica St, Fayetteville, AR 72704
For Sale
$449,000
Both residences offer upstairs bedrooms and laundry, plus private outdoor space behind the building.
Property Size2,988 SF
Price / SF$150.27
Days on Market11
Property Features for 3062 and 3064 Mica St
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Sudar Group
(479) 218-2395
Listed By:
SoHo NWA brokered by EXP Realty
(479) 871-9227
Source:
Sohonwa
Added: Nov 4
Changed: Nov 12
Last Checked: Nov 12 at 7:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sudar Group
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Investment Insights
Based on property information with market context.
Built in 1994, this 2,988-square-foot duplex contains two residences, each with three bedrooms, two full bathrooms and an upstairs laundry room. One bedroom has an ensuite bathroom; the other two share a Jack-and-Jill bath. The main level features a dine-in kitchen, living room and half bath. Sliding doors open to concrete patios and privacy-fenced backyards, with green space and shade trees behind both units.
One residence has been remodeled recently and is available to view. The other was remodeled one year ago and is occupied. The property is near Wedington and I-49, with shopping and restaurants nearby. A bike trail on Salem Road is one block away, and two University of Arkansas Brown Route bus stops are within walking distance. IAMS Dog Park and Bryce Davis Trail and Park are a couple of blocks away.
One residence has been remodeled recently and is available to view. The other was remodeled one year ago and is occupied. The property is near Wedington and I-49, with shopping and restaurants nearby. A bike trail on Salem Road is one block away, and two University of Arkansas Brown Route bus stops are within walking distance. IAMS Dog Park and Bryce Davis Trail and Park are a couple of blocks away.
Key Highlights
- Two residences, each with 3 bedrooms and 2 full bathrooms
- 2,988‑square‑foot, two‑story duplex built in 1994
- Each unit has an ensuite bedroom and a Jack‑and‑Jill bathroom serving two bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,890
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,800
$537.8K
Cap Rate 7%
$384,143
$384.1K
Cap Rate 9%
$298,778
$298.8K
Market Conditions
NOI Build-Up for 2,988 SF
Gross rent
$41.2K $13.80/SF
− Vacancy
−$2.8K −$0.94/SF
EGI
$38.4K $12.86/SF
− OpEx
−$11.5K −$3.86/SF
NOI
$26.9K $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 Rate 5%
$537,800
Cap Rate 7%
$384,143
Cap Rate 9%
$298,778
Alternative Uses
Best Use
Multifamily LT 5
$384.1K
$336.1K – $448.2K
NOI $26,890 @ 7.0% cap · market cap 5.99%
Second Best
Apartment 5plus
$339.9K
$297.4K – $396.5K
NOI $23,791 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$802.0K
$701.8K – $935.7K
NOI $56,142 @ 7.0% cap · market cap 12.50%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
355
Businesses Nearby
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Business Placement
Demographics for 72704, AR
31,145
Population
14,098
Households
2.2
Avg Household Size
31
Median Age
55%
College-Educated
96%
High-School Grad
77.0 sq mi
ZIP Area
404
Density / Sq Mi
$88,991
Median Household Income
$51,341
Median Earnings
$1,163
Median Rent
$301,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Fayetteville, AR
Properties on Market for Duplexes in Fayetteville
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer upstairs bedrooms and laundry, plus private outdoor space behind the building.
Where is this duplex located?
The property is located at 3062 and 3064 Mica St Fayetteville, AR.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 full bathrooms; 2,988‑square‑foot, two‑story duplex built in 1994; Each unit has an ensuite bedroom and a Jack‑and‑Jill bathroom serving two bedrooms
