Updated-Unit
For Sale
$650,000
372 Erin Pl, Springdale, AR 72764
Three-unit property combines short-term and long-term occupancy arrangements.
Property Size5,248 SF
Price / SF$123.86
Days on Market50
Property Features for 372 Erin Pl
General Information
Standard status
Active
Size
5,248 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
3
Building Details
Year Built
2004
Listing Agency:
NextHome NWA Pro Realty
Listed By:
Hartwick & Associates
(479) 418-3000
Source:
Thebesthomeprice
Added: Aug 25
Changed: Oct 11
Last Checked: Oct 7 at 5:47PM
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 NextHome NWA Pro Realty
Investment Insights
Based on property information with market context.
Built in 2004, this 5,248-square-foot triplex includes three residential units with a varied rental profile. One unit has been updated, while the current occupancy includes one Airbnb unit and two units leased to long-term tenants. The configuration provides an established mix of short-term and traditional rental use within a single multifamily property.
The property is located at 372 Erin Pl in Springdale, Arkansas, with shopping, dining, schools, and major commuter routes identified in the surrounding area. Its three-unit layout supports continued rental operation and provides flexibility for an owner-occupant or investor, consistent with the current use profile.
The property is located at 372 Erin Pl in Springdale, Arkansas, with shopping, dining, schools, and major commuter routes identified in the surrounding area. Its three-unit layout supports continued rental operation and provides flexibility for an owner-occupant or investor, consistent with the current use profile.
Key Highlights
- 5,248‑square‑foot triplex built in 2004
- Three residential units with one updated unit
- One unit operating as an Airbnb
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,228
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$944,560
$944.6K
Cap Rate 7%
$674,686
$674.7K
Cap Rate 9%
$524,756
$524.8K
Market Conditions
NOI Build-Up for 5,248 SF
Gross rent
$72.4K $13.80/SF
− Vacancy
−$5.0K −$0.94/SF
EGI
$67.5K $12.86/SF
− OpEx
−$20.2K −$3.86/SF
NOI
$47.2K $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%
$944,560
Cap Rate 7%
$674,686
Cap Rate 9%
$524,756
Alternative Uses
Best Use
Multifamily LT 5
$674.7K
$590.4K – $787.1K
NOI $47,228 @ 7.0% cap · market cap 7.27%
Second Best
Apartment 5plus
$596.9K
$522.3K – $696.4K
NOI $41,786 @ 7.0% cap · market cap 6.43%
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,605 @ 7.0% cap · market cap 15.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
195
Businesses Nearby
Explore this area
Business Placement
Demographics for 72764, AR
60,786
Population
20,781
Households
2.9
Avg Household Size
30
Median Age
20%
College-Educated
72%
High-School Grad
66.2 sq mi
ZIP Area
918
Density / Sq Mi
$61,569
Median Household Income
$34,552
Median Earnings
$984
Median Rent
$226,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property combines short-term and long-term occupancy arrangements.
Where is this triplex located?
The property is located at 372 Erin Pl Springdale, AR.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 5,248‑square‑foot triplex built in 2004; Three residential units with one updated unit; One unit operating as an Airbnb
