Updated Two-Unit
5 Laramie Cove, Sherwood, AR 72120
For Sale
$182,160
Two-bedroom residences offer refreshed interiors, private patios, fenced outdoor space, and dedicated driveway parking.
Property Size2,070 SF
Price / SF$88
Days on Market67
Property Features for 5 Laramie Cove
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
fenced backyard
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Eleven 11 Company
Listed By:
Nina DuBois
(501) 349-2383
Source:
Pcsingtolittlerock
Added: Sep 4
Changed: Oct 25
Last Checked: Oct 7 at 4:47PM
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 Eleven 11 Company
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Investment Insights
Based on property information with market context.
This duplex contains two residences, each configured with 2 bedrooms and 1 bathroom, within a 2,070-square-foot property. Recent improvements include a roof replacement completed in 2023 and unit-level updates. Unit A has a 2024 water heater and a renovated bathroom with a new shower surround and toilet. Unit B features laminate flooring throughout and a 2024 refrigerator. Both residences include new dishwashers.
Patio doors open from each unit to a spacious fenced backyard. Each driveway provides parking for two vehicles. The property also has established tenancy, with one resident in place for more than 5 years and the second occupant described as a multi-year tenant.
Patio doors open from each unit to a spacious fenced backyard. Each driveway provides parking for two vehicles. The property also has established tenancy, with one resident in place for more than 5 years and the second occupant described as a multi-year tenant.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bathroom per residence
- 2,070‑square‑foot property with a roof installed in 2023
- Unit A includes a 2024 water heater and updated bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,572
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,440
$311.4K
Cap Rate 7%
$222,457
$222.5K
Cap Rate 9%
$173,022
$173.0K
Market Conditions
NOI Build-Up for 2,070 SF
Gross rent
$30.1K $14.52/SF
− Vacancy
−$1.7K −$0.84/SF
EGI
$28.3K $13.68/SF
− OpEx
−$12.7K −$6.16/SF
NOI
$15.6K $7.52/SF
Area
Pulaski County, AR
Vacancy
5.80%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,440
Cap Rate 7%
$222,457
Cap Rate 9%
$173,022
Alternative Uses
Best Use
Multifamily LT 5
$248.5K
$217.5K – $289.9K
NOI $17,396 @ 7.0% cap · market cap 9.55%
Second Best
Apartment 5plus
$222.5K
$194.7K – $259.5K
NOI $15,572 @ 7.0% cap · market cap 8.55%
Theoretical Best
Specialty Retail
$394.9K
$345.5K – $460.7K
NOI $27,640 @ 7.0% cap · market cap 15.17%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
358
Businesses Nearby
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Business Placement
Demographics for 72120, AR
34,784
Population
15,216
Households
2.3
Avg Household Size
41
Median Age
35%
College-Educated
95%
High-School Grad
54.2 sq mi
ZIP Area
642
Density / Sq Mi
$75,853
Median Household Income
$48,453
Median Earnings
$1,026
Median Rent
$189,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Sherwood, AR
Properties on Market for Duplexes in Sherwood
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom residences offer refreshed interiors, private patios, fenced outdoor space, and dedicated driveway parking.
Where is this duplex located?
The property is located at 5 Laramie Cove Sherwood, AR.
What is the asking price?
The asking price for this property is $182,160.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 bathroom per residence; 2,070‑square‑foot property with a roof installed in 2023; Unit A includes a 2024 water heater and updated bathroom
