Two-Unit Duplex with
New
For Sale
$279,000
3242 & 3248 Kings Cross, Fayetteville, AR 72703
Residential, Fayetteville, AR
Property Size2,248 SF
Lot Size0.16 Acres
Price / SF$124.11
Days on Market5
Property Features for 3242 & 3248 Kings Cross
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 2, Bathroom 4, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 3, Bathroom 3, Bedroom 1
Parking features
Garage
Window features
Blinds
Patio and Porch features
Deck
Interior features
BuiltInFeatures, CeilingFans, EatInKitchen, WalkInClosets, WindowTreatments
Exterior features
ConcreteDriveway
Fireplace
1
Appliances
ElectricWaterHeater
Subdivision
Huntingdon
Lot features
Central Business District, Cul De Sac, Near Park, Subdivision, Wooded
Elementary school district
Fayetteville
Middle school district
Fayetteville
High school district
Fayetteville
Directions
From 265/Crossover Rd, turn West on Old Wire. Turn right on N. Oak Bailey Dr, right on N. Warwick Dr., left on N. Kings Cross and stay left at the fork. House on right in loop at end of street. No yard sign.
Standard status
Active
APN
765-06593-000
Size
2,248 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
Lot 13, Block 8, Huntington Subdivision
Tax Annual Amount
3187
HOA Fee
$641 Annually
Legal Description
Lot 13, Block 8, Huntington Subdivision
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Amenities
pool
clubhouse
Building Details
Year built
1990
Floors in Building
2
Number of units
2
Flooring type
Carpet, Tile
Building materials
VinylSiding
Roof type
Asphalt, Shingle
Listing Agency:
Keller Williams Market Pro Realty · Keller Williams Realty
(479) 718-2800
Listed By:
Heather Miley · License #SA00088352
(479) 409-0408
Added: Oct 16
Changed: Oct 18
Last Checked: Oct 20 at 2:06AM
MLS# 1365342
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.
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Investment Insights
Based on property information with market context.
This 1990 duplex contains 2,248 square feet across two units, each with two bedrooms, one-and-a-half bathrooms, and a one-car garage. One unit is leased and has received updates to flooring, paint, countertops, cabinets, appliances, lighting, and plumbing fixtures. The other requires additional work. The property has experienced some settling.
Set at the end of a cul-de-sac, the duplex has mature trees and shaded surroundings. Nearby destinations include Crossover Road, Old Wire Road, Gully Park, and the Botanical Garden. Neighborhood amenities include a pool and clubhouse.
Set at the end of a cul-de-sac, the duplex has mature trees and shaded surroundings. Nearby destinations include Crossover Road, Old Wire Road, Gully Park, and the Botanical Garden. Neighborhood amenities include a pool and clubhouse.
Key Highlights
- Two units, each with 2 bedrooms, 1.5 bathrooms, and a one‑car garage
- 2,248‑square‑foot duplex on a 0.157‑acre lot
- One unit is leased and features updated flooring, paint, countertops, cabinets, appliances, lighting, and plumbing fixtures
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,230
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$404,600
$404.6K
Cap Rate 7%
$289,000
$289.0K
Cap Rate 9%
$224,778
$224.8K
Market Conditions
NOI Build-Up for 2,248 SF
Gross rent
$31.0K $13.80/SF
− Vacancy
−$2.1K −$0.94/SF
EGI
$28.9K $12.86/SF
− OpEx
−$8.7K −$3.86/SF
NOI
$20.2K $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%
$404,600
Cap Rate 7%
$289,000
Cap Rate 9%
$224,778
Alternative Uses
Best Use
Multifamily LT 5
$289.0K
$252.9K – $337.2K
NOI $20,230 @ 7.0% cap · market cap 7.25%
Second Best
Apartment 5plus
$255.7K
$223.7K – $298.3K
NOI $17,899 @ 7.0% cap · market cap 6.42%
Theoretical Best
Office A
$603.4K
$528.0K – $704.0K
NOI $42,238 @ 7.0% cap · market cap 15.14%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
117
Businesses Nearby
Explore this area
Business Placement
Demographics for 72703, AR
33,767
Population
17,202
Households
2
Avg Household Size
33
Median Age
49%
College-Educated
96%
High-School Grad
40.2 sq mi
ZIP Area
840
Density / Sq Mi
$60,232
Median Household Income
$39,190
Median Earnings
$958
Median Rent
$341,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One residence is leased and updated, while the other offers scope for further improvements.
Where is this duplex located?
The property is located at 3242 & 3248 Kings Cross Fayetteville, AR.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms, 1.5 bathrooms, and a one‑car garage; 2,248‑square‑foot duplex on a 0.157‑acre lot; One unit is leased and features updated flooring, paint, countertops, cabinets, appliances, lighting, and plumbing fixtures
