Remodeled Duplex with Leased
For Sale
$425,000
Pending
453 Mashburn Ave, Fayetteville, AR 72701
Updated two-unit property with separate residential layouts and current leases extending through Summer of 2027.
Property Size2,510 SF
Days on Market64
Property Features for 453 Mashburn Ave
General Information
Standard status
Pending
Size
2,510 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Year Built
1954
Year Renovated
2024
Listing Agency:
Century 21 Lyons & Associates
(479) 549-8018
Listed By:
The Moldenhauer Group
(479) 341-6413
Source:
Nwahomestore
Added: Aug 14
Changed: Oct 15
Last Checked: Oct 14 at 11:12PM
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 Century 21 Lyons & Associates
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Investment Insights
Based on property information with market context.
This duplex contains two distinct residential units following a comprehensive 2024 renovation. The lower level offers a 3-bedroom, 2-bath layout created through basement conversion, while the upper unit includes 2 bedrooms and 1 bath. Improvements include a new roof, windows, electrical system, plumbing, and HVAC, along with refreshed interiors featuring new paint, granite countertops, updated appliances, and luxury vinyl plank flooring.
Both units are occupied under leases that run through Summer of 2027. The property is located on Mashburn Ave in Fayetteville, less than 10 minutes from the University of Arkansas, downtown, shopping, and I-49 access. The 2,510-square-foot property was built in 1954.
Both units are occupied under leases that run through Summer of 2027. The property is located on Mashburn Ave in Fayetteville, less than 10 minutes from the University of Arkansas, downtown, shopping, and I-49 access. The 2,510-square-foot property was built in 1954.
Key Highlights
- Two‑unit duplex with 2,510 square feet of property size
- Lower unit has 3 bedrooms and 2 baths following basement conversion
- Upper unit includes 2 bedrooms and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,588
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$451,760
$451.8K
Cap Rate 7%
$322,686
$322.7K
Cap Rate 9%
$250,978
$251.0K
Market Conditions
NOI Build-Up for 2,510 SF
Gross rent
$34.6K $13.80/SF
− Vacancy
−$2.4K −$0.94/SF
EGI
$32.3K $12.86/SF
− OpEx
−$9.7K −$3.86/SF
NOI
$22.6K $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%
$451,760
Cap Rate 7%
$322,686
Cap Rate 9%
$250,978
Alternative Uses
Best Use
Multifamily LT 5
$322.7K
$282.4K – $376.5K
NOI $22,588 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$285.5K
$249.8K – $333.1K
NOI $19,985 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$673.7K
$589.5K – $786.0K
NOI $47,161 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,415
Businesses Nearby
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Business Placement
Demographics for 72701, AR
48,269
Population
20,057
Households
2.4
Avg Household Size
28
Median Age
42%
College-Educated
93%
High-School Grad
126.0 sq mi
ZIP Area
383
Density / Sq Mi
$50,413
Median Household Income
$27,305
Median Earnings
$973
Median Rent
$323,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Updated two-unit property with separate residential layouts and current leases extending through Summer of 2027.
Where is this duplex located?
The property is located at 453 Mashburn Ave Fayetteville, AR.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,510 square feet of property size; Lower unit has 3 bedrooms and 2 baths following basement conversion; Upper unit includes 2 bedrooms and 1 bath
