Brand New Three-Bedroom
For Sale
$309,900
501 NW Avenue 3, Atkins, AR 72823
MULTI_FAMILY - Atkins, AR
Property Size2,132 SF
Lot Size0.37 Acres
Price / SF$145.36
Days on Market316
Property Features for 501 NW Avenue 3
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 2
Exterior features
ConcreteDriveway
Appliances
ElectricWaterHeater
Subdivision
Beeson Add
Lot features
Cleared
Elementary school district
Atkins
Middle school district
Atkins
High school district
Atkins
Directions
Follow the address to the location located behind the Atkins Football Stadium on the corner going up to K-8 Faciltiy
Standard status
Active
APN
716-00015-001R
Size
2,132 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Description
PT OF BLK 6 CITY OF ATKINS
Legal Description
PT OF BLK 6 CITY OF ATKINS
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Building Details
Year built
2025
Floors in Building
1
Number of units
2
Flooring type
Concrete
Building materials
Brick, VinylSiding
Roof type
Shingle
Listing Agency:
River Valley Realty, Inc
(479) 968-6260
Listed By:
Roger Brian Boyer · License #EB00062161
(479) 857-0833
Added: Oct 1, 2025
Changed: Aug 4
Last Checked: Aug 12 at 11:06AM
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.
Investment Insights
Based on property information with market context.
Brand new duplex under construction built for low-maintenance living, featuring stain concrete floors and foam insulation throughout. Both sides are 3 bedrooms with 2 full bathrooms, designed as energy-efficient residences. Heating and cooling are provided by central systems, with electric heating and central air, supported by an electric water heater.
The duplex is set on a 0.3726-acre lot and totals 2,132 square feet. Construction includes brick and vinyl siding with a shingle roof, and the property has a concrete driveway.
Per the seller’s note, the duplex units are currently with a property management brokerage and may be leased prior to sale. An additional lot could be added for more duplexes or a larger yard.
The duplex is set on a 0.3726-acre lot and totals 2,132 square feet. Construction includes brick and vinyl siding with a shingle roof, and the property has a concrete driveway.
Per the seller’s note, the duplex units are currently with a property management brokerage and may be leased prior to sale. An additional lot could be added for more duplexes or a larger yard.
Key Highlights
- 0.3726‑acre lot with 2,132 total square feet
- Both sides feature 3 bedrooms and 2 full bathrooms
- Year built 2025; property condition under construction
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,268
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
187
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Brand new duplex under construction with foam insulation, concrete flooring, and central electric HVAC on a concrete driveway.
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: 0.3726‑acre lot with 2,132 total square feet; Both sides feature 3 bedrooms and 2 full bathrooms; Year built 2025; property condition under construction
