Leased Duplex with Wood
For Sale
$185,000
325 Hereford Street, Conway, AR 72032
Multi-Family, Traditional, Conway, AR
Property Size1,795 SF
Lot Size0.25 Acres
Price / SF$103.06
Days on Market53
Property Features for 325 Hereford Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Exterior features
Fully Fenced
Fencing
Full
Appliances
Free-Standing Stove, Gas Range, Refrigerator-Stays, Free-Standing Stove, Gas Range, Refrigerator-Stays
Subdivision
Browns
Lot features
Level
Directions
North on Jersey Street, right on Hereford
Standard status
Active
Size
1,795 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Description
Lot 6
Tax Annual Amount
1288
Legal Description
Lot 6
Building Details
Year built
1961
Floors in Building
1
Number of units
2
Flooring type
Wood
Roof type
Shingle
Architectural style
Other
Listing Agency:
Arkansas Real Estate Collective, Conway Branch
(501) 499-2097
Listed By:
Stefanie Schrekenhofer
(501) 428-3120
Added: Sep 1
Last Checked: Oct 23 at 6:06AM
MLS# 26035694
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.
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Investment Insights
Based on property information with market context.
This 1,795-square-foot duplex sits on a 0.25-acre lot at 325 Hereford Street in Conway, Arkansas. Built in 1961, the property includes roomy living areas, original wood flooring, full fencing, and shingle roofing. Recent work includes new paint, replacement sewer lines, and a newer roof installed approximately 6–8 years ago.
Both sides are leased to long-term tenants, providing an occupied two-unit configuration. The property also includes free-standing stoves, gas ranges, and refrigerators, with the residences located in Conway’s 72032 ZIP code.
Both sides are leased to long-term tenants, providing an occupied two-unit configuration. The property also includes free-standing stoves, gas ranges, and refrigerators, with the residences located in Conway’s 72032 ZIP code.
Key Highlights
- 1,795 SF duplex on a 0.25‑acre lot
- Both sides leased to long‑term tenants
- Original wood flooring throughout the duplex
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,074
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,480
$241.5K
Cap Rate 7%
$172,486
$172.5K
Cap Rate 9%
$134,156
$134.2K
Market Conditions
NOI Build-Up for 1,795 SF
Gross rent
$18.3K $10.20/SF
− Vacancy
−$1.1K −$0.59/SF
EGI
$17.2K $9.61/SF
− OpEx
−$5.2K −$2.88/SF
NOI
$12.1K $6.73/SF
Area
Faulkner County, AR
Vacancy
5.79%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,480
Cap Rate 7%
$172,486
Cap Rate 9%
$134,156
Alternative Uses
Best Use
Multifamily LT 5
$172.5K
$150.9K – $201.2K
NOI $12,074 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$154.2K
$134.9K – $179.9K
NOI $10,791 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$409.4K
$358.2K – $477.7K
NOI $28,659 @ 7.0% cap · market cap 15.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,164
Businesses Nearby
Explore this area
Business Placement
Demographics for 72032, AR
34,316
Population
14,255
Households
2.4
Avg Household Size
35
Median Age
27%
College-Educated
94%
High-School Grad
114.5 sq mi
ZIP Area
300
Density / Sq Mi
$61,452
Median Household Income
$36,877
Median Earnings
$976
Median Rent
$183,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer wood flooring, refreshed paint, updated sewer lines, full fencing, and a shingle roof.
Where is this duplex located?
The property is located at 325 Hereford Street Conway, AR.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: 1,795 SF duplex on a 0.25‑acre lot; Both sides leased to long‑term tenants; Original wood flooring throughout the duplex
