Brick Triplex with Three-Bedroom
New
For Sale
$649,000
312 W Butler St, Prairie Grove, AR 72753
Each residence has two bathrooms, electric service, and a washer, dryer, refrigerator, and microwave.
Property Size3,291 SF
Price / SF$197.20
Days on Market6
Property Features for 312 W Butler St
General Information
Standard status
Active
Size
3,291 SF
Property subtype
Multi-Family
Additional Details
Gross Income
$46,800
Tenant in Place
Yes
Building Details
Year Built
2025
Construction
brick
Tenancy
Multi
Listing Agency:
Partners Realty - Glenwood
Listed By:
Patriot Company Real Estate
(479) 439-1933
Source:
Patriotcompany
Added: Oct 23
Changed: Oct 27
Last Checked: Oct 26 at 3:29PM
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 Partners Realty - Glenwood
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2025, this brick triplex contains three tenant-occupied residences. Each unit offers 1,097 square feet with three bedrooms and two bathrooms, for 3,291 square feet across the property. All-electric service, carpet-free flooring, and a microwave, washer, dryer, and refrigerator are provided in each unit.
Prairie Grove Aquatic Park and ball fields are across the street, while downtown is within walking distance.
Prairie Grove Aquatic Park and ball fields are across the street, while downtown is within walking distance.
Key Highlights
- Three tenant‑occupied units, each with 3 bedrooms and 2 bathrooms
- 3,291 square feet total; 1,097 square feet per unit
- Built in 2025 with brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,617
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$592,340
$592.3K
Cap Rate 7%
$423,100
$423.1K
Cap Rate 9%
$329,078
$329.1K
Market Conditions
NOI Build-Up for 3,291 SF
Gross rent
$45.4K $13.80/SF
− Vacancy
−$3.1K −$0.94/SF
EGI
$42.3K $12.86/SF
− OpEx
−$12.7K −$3.86/SF
NOI
$29.6K $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%
$592,340
Cap Rate 7%
$423,100
Cap Rate 9%
$329,078
Alternative Uses
Best Use
Multifamily LT 5
$423.1K
$370.2K – $493.6K
NOI $29,617 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$374.3K
$327.6K – $436.7K
NOI $26,204 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$883.4K
$772.9K – $1.03M
NOI $61,835 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
216
Businesses Nearby
Explore this area
Business Placement
Demographics for 72753, AR
10,525
Population
4,078
Households
2.6
Avg Household Size
37
Median Age
20%
College-Educated
92%
High-School Grad
89.2 sq mi
ZIP Area
118
Density / Sq Mi
$64,701
Median Household Income
$40,264
Median Earnings
$911
Median Rent
$227,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence has two bathrooms, electric service, and a washer, dryer, refrigerator, and microwave.
Where is this triplex located?
The property is located at 312 W Butler St Prairie Grove, AR.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Three tenant‑occupied units, each with 3 bedrooms and 2 bathrooms; 3,291 square feet total; 1,097 square feet per unit; Built in 2025 with brick construction
