Duplex With Granite
For Sale
Contact for pricing
308 Mildred Street, Conway, AR 72034
Three-bedroom, two-bath multifamily property with updated kitchen finishes and laminate flooring throughout.
Property Size1,250 SF
Price / SF$0.96
Days on Market48
Property Features for 308 Mildred Street
General Information
Standard status
Active
Size
1,250 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1991
Listing Agency:
Midwest Land Group, LLC
Listed By:
Amber Wood
(501) 444-2055
Source:
Midsouthar
Added: Sep 7
Changed: Oct 23
Last Checked: Oct 23 at 7:05AM
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 Midwest Land Group, LLC
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Investment Insights
Based on property information with market context.
This multifamily property is a duplex containing three bedrooms and two bathrooms within approximately 1,250 square feet. Built in 1991, the interior features laminate flooring throughout, granite kitchen countertops, and bedrooms described as generously sized.
Located at 308 Mildred Street in Conway, Arkansas, the property offers a residential income configuration with updated kitchen finishes and durable flooring across the interior.
Located at 308 Mildred Street in Conway, Arkansas, the property offers a residential income configuration with updated kitchen finishes and durable flooring across the interior.
Key Highlights
- Duplex with 3 bedrooms and 2 bathrooms
- Approximately 1,250 square feet
- Laminate flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,514
Suggested Prices Based on Cap Rates
Cap Rate 5%
$150,280
$150.3K
Cap Rate 7%
$107,343
$107.3K
Cap Rate 9%
$83,489
$83.5K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$14.6K $11.64/SF
− Vacancy
−$888 −$0.71/SF
EGI
$13.7K $10.93/SF
− OpEx
−$6.1K −$4.92/SF
NOI
$7.5K $6.01/SF
Area
Faulkner County, AR
Vacancy
6.10%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$150,280
Cap Rate 7%
$107,343
Cap Rate 9%
$83,489
Alternative Uses
Best Use
Apartment 5plus
$107.3K
$93.9K – $125.2K
NOI $7,514 @ 7.0% cap · market cap 626.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$285.1K
$249.5K – $332.6K
NOI $19,958 @ 7.0% cap · market cap 1,663.17%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
492
Businesses Nearby
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Business Placement
Demographics for 72034, AR
47,873
Population
22,523
Households
2.1
Avg Household Size
33
Median Age
44%
College-Educated
94%
High-School Grad
47.9 sq mi
ZIP Area
999
Density / Sq Mi
$61,675
Median Household Income
$40,511
Median Earnings
$993
Median Rent
$250,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Three-bedroom, two-bath multifamily property with updated kitchen finishes and laminate flooring throughout.
Where is this multifamily property located?
The property is located at 308 Mildred Street Conway, AR.
What are key features of this property?
This property features: Duplex with 3 bedrooms and 2 bathrooms; Approximately 1,250 square feet; Laminate flooring throughout
