Triplex with Updated
372 Erin Place, Springdale, AR 72764
For Sale
$600,000
Residential, Springdale, AR
Property Size5,248 SF
Lot Size0.34 Acres
Price / SF$114.33
Days on Market139
Property Features for 372 Erin Place
General Information
Property type
Property subtype
Bedrooms
Rooms
Exterior features
Appliances
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Tenancy & Operations
Currently Operating
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
NextHome NWA Pro Realty
(479) 418-3000
Listed By:
Hartwick & Associates
(479) 866-0655
Added: Jun 25
Changed: Nov 10
Last Checked: Nov 10 at 8:06PM
MLS# 1352278
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2004, this 5,248-square-foot triplex sits on a 0.337-acre lot in Springdale. Vinyl siding, a shingle roof, and a concrete driveway are among its physical features. Interior flooring includes carpet, laminate, and tile, with electric heating and cooling.
The three units have different rental arrangements: one operates as an Airbnb, while two are occupied by long-term tenants. One unit has also received recent updates.
The three units have different rental arrangements: one operates as an Airbnb, while two are occupied by long-term tenants. One unit has also received recent updates.
Key Highlights
- Three‑unit property with one Airbnb unit and two long‑term tenant units
- One unit has been recently updated
- 5,248 square feet on a 0.337‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,228
Cap Rate
7.87%
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 7.87%
Second Best
Apartment 5plus
$596.9K
$522.3K – $696.4K
NOI $41,786 @ 7.0% cap · market cap 6.96%
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,605 @ 7.0% cap · market cap 16.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Frequently Asked Questions
What type of property is this?
Triplex - The property accommodates both short-term lodging and conventional long-term rentals.
Where is this triplex located?
The property is located at 372 Erin Place Springdale, AR.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Three‑unit property with one Airbnb unit and two long‑term tenant units; One unit has been recently updated; 5,248 square feet on a 0.337‑acre lot
