Brick Duplex with Private
New
For Sale
$360,000
36-38 W Rainsong Street, Farmington, AR 72730
MULTI_FAMILY - Other - Farmington, AR
Property Size2,274 SF
Lot Size0.25 Acres
Price / SF$158.31
Days on Market1
Property Features for 36-38 W Rainsong Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential
Parking features
Garage, Open
Patio and Porch features
Deck
Exterior features
ConcreteDriveway
Fencing
Privacy
Appliances
Dryer, Dishwasher, ElectricCooktop, ElectricOven, Disposal, GasWaterHeater, MicrowaveHoodFan, Microwave, Refrigerator, Washer
Subdivision
Farmington Outlots 97 Anex
Lot features
City Lot, Subdivision, Sloped
Elementary school district
Farmington
Middle school district
Farmington
High school district
Farmington
Directions
West on Joyce, Left on 71B, Exit to Fulbright Exressway, South on I-49, Exit to West Hwy 62, Left on Hunter in Farmington, Right on Rainsong, Duplex on Right corner
Standard status
Active
APN
760-01601-122
Size
2,274 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Description
PT NE SW 0.25A, 26-16-31 Farmington Outlots
Tax Annual Amount
2508
Legal Description
PT NE SW 0.25A, 26-16-31 Farmington Outlots
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Electric
Water source
Public
Amenities
stainless steel appliances
washer/dryer
private patio
fenced backyard
Building Details
Year built
2002
Floors in Building
1
Number of units
2
Flooring type
Laminate, Tile, Simulatedwood
Building materials
Brick
Roof type
Shingle
Architectural style
Other
Listing Agency:
Lindsey & Associates Inc
(479) 521-6611
Listed By:
Martha Haguewood · License #EB00043533
(479) 527-8808
Added: Jul 31
Last Checked: Jul 31 at 2:06PM
MLS# 1357239
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.
Investment Insights
Based on property information with market context.
This all-brick duplex is move-in ready and offers a practical, mirror-image layout with two units under one roof. Each side features two bedrooms, two bathrooms, and an office or bonus room with a closet, along with a spacious living room and a kitchen with abundant cabinetry. Appliances are included, including stainless steel refrigerators, washers and dryers, plus a dishwasher, electric cooktop, electric oven, microwave, and microwave hood fan. Flooring includes laminate in the living room and bedrooms, with tile in the hallway, kitchen, and bathrooms. Each unit also includes a one-car garage, a private patio, and a fenced backyard.
Recent major updates include a roof replacement in 2025 and HVAC replacement in 2022. Unit 38 has been freshly painted, with a new garbage disposal. Heating is natural gas and cooling is electric, with a shingle roof, public water, and public sewer.
Built in 2002, the property’s driveway is concrete and the duplex offers privacy fencing, supporting straightforward owner-occupant or rental use.
Recent major updates include a roof replacement in 2025 and HVAC replacement in 2022. Unit 38 has been freshly painted, with a new garbage disposal. Heating is natural gas and cooling is electric, with a shingle roof, public water, and public sewer.
Built in 2002, the property’s driveway is concrete and the duplex offers privacy fencing, supporting straightforward owner-occupant or rental use.
Key Highlights
- All‑brick duplex with 2,274 total SF and two mirrored units
- Each unit offers two bedrooms, two bathrooms, and an office or bonus room with a closet
- Roof replaced in 2025 and HVAC replaced in 2022
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.4k | $13.80 |
| − Vacancy | −$2.1k | −$0.94 |
| EGI | $29.2k | $12.86 |
| − OpEx | −$8.8k | −$3.86 |
| NOI | $20.5k | $9.00 |
2,274 SF · lease $13.80/SF/yr · vacancy 6.84% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$292.3K
$255.8K – $341.1K
NOI $20,464 @ 7.0% cap · market cap 5.68%
Second Best
Apartment 5plus
$258.7K
$226.3K – $301.8K
NOI $18,106 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$610.4K
$534.1K – $712.1K
NOI $42,726 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
235
Businesses Nearby
Explore this area
Business Placement
Demographics for 72730, AR
9,624
Population
4,017
Households
2.4
Avg Household Size
36
Median Age
27%
College-Educated
91%
High-School Grad
20.8 sq mi
ZIP Area
463
Density / Sq Mi
$88,780
Median Household Income
$45,652
Median Earnings
$1,225
Median Rent
$244,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - All-brick duplex with two mirrored units, each offering two bedrooms, two baths, and a private patio with fenced backyard.
Where is this duplex located?
The property is located at 36-38 W Rainsong Street Farmington, AR.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: All‑brick duplex with 2,274 total SF and two mirrored units; Each unit offers two bedrooms, two bathrooms, and an office or bonus room with a closet; Roof replaced in 2025 and HVAC replaced in 2022
