Two-Unit Duplex with
For Sale
$279,000
3242 & 3248 Kings Cross, Fayetteville, AR 72703
Both residences include two bedrooms, one and a half bathrooms, and an attached one-car garage.
Property Size2,248 SF
Price / SF$124.11
Days on Market13
Property Features for 3242 & 3248 Kings Cross
General Information
Standard status
Active
Size
2,248 SF
Total Parking Spaces
2
Property subtype
Multi Family Home
Property Condition
Severity
Repairs Needed
Evidence
has had some settling
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Parking per Unit
1
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$3,187
Amenities
pool
clubhouse
Built-in Features
Ceiling Fan(s)
Eat-in Kitchen
Walk-In Closet(s)
Window Treatments
Concrete Driveway
Building Details
Building Size
2,248 SF
Year Built
1990
Buildings
1
Stories
2
Units
2
Listing Agency:
Keller Williams Market Pro Realty
(479) 718-2800
Listed By:
Heather Miley · License #SA00088352
(479) 409-0408
Source:
Cappyharrisrealtors
Added: Oct 16
Changed: Oct 25
Last Checked: Oct 26 at 3:40AM
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 Keller Williams Market Pro Realty
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Investment Insights
Based on property information with market context.
Built in 1990, this 2,248-square-foot duplex contains two residences, 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 second unit requires repairs and updating; the property has also experienced settling.
The duplex sits at the end of a cul-de-sac in East Fayetteville, with mature trees providing shade. Nearby destinations include Crossover Road, Old Wire Road, Gully Park, the Botanical Garden, trails, schools, shops, and restaurants. Neighborhood amenities include a pool and clubhouse.
The duplex sits at the end of a cul-de-sac in East Fayetteville, with mature trees providing shade. Nearby destinations include Crossover Road, Old Wire Road, Gully Park, the Botanical Garden, trails, schools, shops, and restaurants. Neighborhood amenities include a pool and clubhouse.
Key Highlights
- Two units, each with 2 bedrooms, 1.5 bathrooms, and a 1 car garage
- One unit is leased and features updated flooring, paint, countertops, cabinets, appliances, lighting, and plumbing fixtures
- The second unit needs repairs and updates; the duplex has had settling
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
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include two bedrooms, one and a half bathrooms, and an attached one-car garage.
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 1 car garage; One unit is leased and features updated flooring, paint, countertops, cabinets, appliances, lighting, and plumbing fixtures; The second unit needs repairs and updates; the duplex has had settling
