Newer Duplex with Energy-Efficient
501 NW Avenue 3, Atkins, AR 72823
For Sale
$309,900
Residential, Atkins, AR
Property Size2,132 SF
Lot Size0.37 Acres
Price / SF$145.36
Days on Market406
Property Features for 501 NW Avenue 3
General Information
Property type
Property subtype
Property condition
Bedrooms
Bathrooms
Full bathrooms
Rooms
Exterior features
Appliances
Subdivision
Lot features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
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:
River Valley Realty, Inc
(479) 968-6260
Listed By:
Roger Brian Boyer · License AR EB00062161
(479) 857-0833
Added: Oct 1, 2025
Changed: Nov 10
Last Checked: Nov 10 at 8:06PM
MLS# 1323839
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.
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Investment Insights
Based on property information with market context.
This 2025 duplex at 501 NW Avenue 3 in Atkins includes two matching residences, each with three bedrooms and two full bathrooms. The 2,132-square-foot building features concrete flooring, foam insulation, central electric heating and cooling, brick and vinyl siding, a shingle roof, and an electric water heater. A concrete driveway serves the property, which occupies 0.3726 acres.
The configuration supports separate residential living spaces within one building, with each side offering a three-bedroom layout and two-bathroom arrangement. The property is in Pope County, within the 72823 postal area. An additional lot may be added for expanded yard space or development of more duplex units, subject to the applicable arrangements and approvals.
The configuration supports separate residential living spaces within one building, with each side offering a three-bedroom layout and two-bathroom arrangement. The property is in Pope County, within the 72823 postal area. An additional lot may be added for expanded yard space or development of more duplex units, subject to the applicable arrangements and approvals.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 2 full baths on each side
- 2,132‑square‑foot building on a 0.3726‑acre lot
- 2025 construction with foam insulation and energy‑efficient systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,268
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,360
$285.4K
Cap Rate 7%
$203,829
$203.8K
Cap Rate 9%
$158,533
$158.5K
Market Conditions
NOI Build-Up for 2,132 SF
Gross rent
$21.7K $10.20/SF
− Vacancy
−$1.4K −$0.64/SF
EGI
$20.4K $9.56/SF
− OpEx
−$6.1K −$2.87/SF
NOI
$14.3K $6.69/SF
Area
Pope County, AR
Vacancy
6.27%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,360
Cap Rate 7%
$203,829
Cap Rate 9%
$158,533
Alternative Uses
Best Use
Multifamily LT 5
$203.8K
$178.4K – $237.8K
NOI $14,268 @ 7.0% cap · market cap 4.60%
Second Best
Apartment 5plus
$182.1K
$159.4K – $212.5K
NOI $12,748 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$340.6K
$298.1K – $397.4K
NOI $23,844 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
133
Businesses Nearby
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Business Placement
Demographics for 72823, AR
6,404
Population
2,792
Households
2.3
Avg Household Size
42
Median Age
16%
College-Educated
91%
High-School Grad
126.6 sq mi
ZIP Area
51
Density / Sq Mi
$66,711
Median Household Income
$45,322
Median Earnings
$894
Median Rent
$140,900
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 - Two mirrored residences offer efficient systems, durable finishes, and a practical owner-occupant or leasing configuration.
Where is this duplex located?
The property is located at 501 NW Avenue 3 Atkins, AR.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 2 full baths on each side; 2,132‑square‑foot building on a 0.3726‑acre lot; 2025 construction with foam insulation and energy‑efficient systems
