Duplex Investment
307 & 309 Washington Ward, AR 72176
307 & 309 Washington, Ward, AR, 72176
$189,900
For Sale
Under Contract
$189,900
MULTI_FAMILY - Ward, AR
Property Size1,740 SF
Lot Size0.27 Acres
Price / SF$109.14
Days on Market48
Property Features for 307 & 309 Washington
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 2
- Patio and Porch features
- Porch
- Interior features
- Washer Connection, Dryer Connection-Electric, Hot Water Heater-Electric, Smoke Detector, Fan - Ceiling
- Exterior features
- Porch
- Appliances
- Free-Standing Stove, Dishwasher, Free-Standing Stove, Dishwasher
- Standard status
- Active Under Contract
- APN
- 800-01901-002
- Size
- 1,740 SF
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Description
- See Survey
- Tax Annual Amount
- 1057
Building Details
- Year built
- 1996
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Laminate, Carpet - Partial, Tile, Vinyl
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
MVP Real Estate
(501) 459-6871
304S. Hampton Dr., Conway, AR
Listed by
Laura Casteel
(501) 733-1602
Added: Jun 1 Checked: Jul 18 at 5:06 pm
MLS# 26021977
Listing URL
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 for-sale duplex includes two separate units, each with two bedrooms and one bathroom. The property is fully occupied and each unit has its own parking and outdoor space. Seller notes a new roof completed within the last 3–4 years and HVAC replacement in 2018. Interior photos reflect the Washington units for general layout reference; finishes may vary by unit.
The duplex is located at 307 & 309 Washington in Ward, within the Cabot School District. Tenant occupancy requires 24-hour notice for showings. The seller indicates no property disclosure will be provided, as the seller has never lived in the property.
Additional information is available in the listing documents, including rental info, cash flow, and a survey.
The duplex is located at 307 & 309 Washington in Ward, within the Cabot School District. Tenant occupancy requires 24-hour notice for showings. The seller indicates no property disclosure will be provided, as the seller has never lived in the property.
Additional information is available in the listing documents, including rental info, cash flow, and a survey.
Key Highlights
- Duplex built in 1996 with 2 units, each offering 2 bedrooms and 1 bathroom
- Cabot School District
- New shingle roof reported within the last 3–4 years
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 | $24.0k | $13.80 |
| − Vacancy | −$1.3k | −$0.76 |
| EGI | $22.7k | $13.04 |
| − OpEx | −$6.8k | −$3.91 |
| NOI | $15.9k | $9.13 |
1,740 SF · lease $13.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$226.9K
$198.5K – $264.7K
NOI $15,882 @ 7.0% cap · market cap 8.36%
Second Best
Apartment 5plus
$200.9K
$175.8K – $234.4K
NOI $14,063 @ 7.0% cap · market cap 7.41%
Theoretical Best
Office A
$354.3K
$310.0K – $413.3K
NOI $24,799 @ 7.0% cap · market cap 13.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two fully occupied units offer two bedrooms and one bathroom each, with individual parking and outdoor space.
Where is this duplex located?
The property is located at 307 & 309 Washington Ward, AR.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Duplex built in 1996 with 2 units, each offering 2 bedrooms and 1 bathroom; Cabot School District; New shingle roof reported within the last 3–4 years
