Updated Two-Unit
For Sale
$399,000
4394 & 4396 W Thrasher Dr, Fayetteville, AR 72704
Remodeled duplex with garages, appliance-equipped kitchens, and laundry hookups in West Fayetteville.
Property Size2,410 SF
Price / SF$165.56
Days on Market69
Property Features for 4394 & 4396 W Thrasher Dr
General Information
Standard status
Active
Size
2,410 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Year Built
1996
Buildings
1
Listing Agency:
Realtors Griffin Company Bentonville
Listed By:
SoHo NWA brokered by EXP Realty
(479) 871-9227
Source:
Sohonwa
Added: Aug 16
Changed: Oct 21
Last Checked: Oct 20 at 8:23PM
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 Realtors Griffin Company Bentonville
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Investment Insights
Based on property information with market context.
This two-unit residential income property contains 2,410 square feet and was built in 1996. Each side offers three bedrooms, two bathrooms, and a one-car garage. Interior improvements include new flooring, fresh paint, updated countertops, refinished cabinetry, and contemporary lighting and plumbing fixtures. Kitchens include newer appliances, including refrigerators, while washer and dryer hookups provide in-unit laundry functionality.
The duplex is located 3.5 miles from the University of Arkansas campus and less than 2 miles from I-49, with access to shopping, dining, entertainment, and other Fayetteville destinations. Unit 4394 is currently tenant occupied, and occupants are not to be disturbed.
The duplex is located 3.5 miles from the University of Arkansas campus and less than 2 miles from I-49, with access to shopping, dining, entertainment, and other Fayetteville destinations. Unit 4394 is currently tenant occupied, and occupants are not to be disturbed.
Key Highlights
- Two‑unit duplex with 2,410 SF, built in 1996
- Each unit includes 3 bedrooms, 2 bathrooms, and a 1‑car garage
- Updated interiors feature new flooring, paint, countertops, cabinets, lighting, and plumbing fixtures
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,688
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$433,760
$433.8K
Cap Rate 7%
$309,829
$309.8K
Cap Rate 9%
$240,978
$241.0K
Market Conditions
NOI Build-Up for 2,410 SF
Gross rent
$33.3K $13.80/SF
− Vacancy
−$2.3K −$0.94/SF
EGI
$31.0K $12.86/SF
− OpEx
−$9.3K −$3.86/SF
NOI
$21.7K $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%
$433,760
Cap Rate 7%
$309,829
Cap Rate 9%
$240,978
Alternative Uses
Best Use
Multifamily LT 5
$309.8K
$271.1K – $361.5K
NOI $21,688 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$274.1K
$239.9K – $319.8K
NOI $19,189 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$646.9K
$566.0K – $754.7K
NOI $45,282 @ 7.0% cap · market cap 11.35%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
141
Businesses Nearby
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Business Placement
Demographics for 72704, AR
31,145
Population
14,098
Households
2.2
Avg Household Size
31
Median Age
55%
College-Educated
96%
High-School Grad
77.0 sq mi
ZIP Area
404
Density / Sq Mi
$88,991
Median Household Income
$51,341
Median Earnings
$1,163
Median Rent
$301,600
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 - Remodeled duplex with garages, appliance-equipped kitchens, and laundry hookups in West Fayetteville.
Where is this duplex located?
The property is located at 4394 & 4396 W Thrasher Dr Fayetteville, AR.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,410 SF, built in 1996; Each unit includes 3 bedrooms, 2 bathrooms, and a 1‑car garage; Updated interiors feature new flooring, paint, countertops, cabinets, lighting, and plumbing fixtures
