Remodeled Duplex with
509 & 511 N 37th St, Rogers, AR 72756
For Sale
$575,000
Two-unit residential property with updated interiors, private fireplaces, and a fully fenced backyard.
Property Size3,477 SF
Price / SF$165.37
Days on Market50
Property Features for 509 & 511 N 37th St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
fireplace
fully fenced backyard
Building Details
Buildings
Listing Agency:
Lindsey & Assoc Inc Branch
Listed By:
Bob Orband, Dalton Orband
Source:
Thesummithometeam
Added: Sep 21
Changed: Oct 26
Last Checked: Nov 8 at 9:07AM
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 Lindsey & Assoc Inc Branch
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Investment Insights
Based on property information with market context.
This 3,477-square-foot duplex contains two residential units, each with three bedrooms, two full bathrooms, and a fireplace. Both sides have undergone extensive remodeling and include updated finishes, functional floor plans, and completed improvements. A fully fenced backyard provides each household with private outdoor space.
Located at 509 & 511 N 37th St in Rogers, the property is positioned near shopping, dining, schools, and other local amenities. The two-unit configuration supports either owner occupancy with a separate rental unit or continued use as a multifamily property.
Located at 509 & 511 N 37th St in Rogers, the property is positioned near shopping, dining, schools, and other local amenities. The two-unit configuration supports either owner occupancy with a separate rental unit or continued use as a multifamily property.
Key Highlights
- 3,477 sq. ft. duplex at 509 & 511 N 37th St, Rogers, AR 72756
- Two units, each with 3 bedrooms and 2 full bathrooms
- Fireplace included in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,737
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,740
$634.7K
Cap Rate 7%
$453,386
$453.4K
Cap Rate 9%
$352,633
$352.6K
Market Conditions
NOI Build-Up for 3,477 SF
Gross rent
$48.0K $13.80/SF
− Vacancy
−$2.6K −$0.76/SF
EGI
$45.3K $13.04/SF
− OpEx
−$13.6K −$3.91/SF
NOI
$31.7K $9.13/SF
Area
Benton County, AR
Vacancy
5.51%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,740
Cap Rate 7%
$453,386
Cap Rate 9%
$352,633
Alternative Uses
Best Use
Multifamily LT 5
$453.4K
$396.7K – $529.0K
NOI $31,737 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$404.6K
$354.0K – $472.0K
NOI $28,319 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$955.5K
$836.1K – $1.11M
NOI $66,885 @ 7.0% cap · market cap 11.63%
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
607
Businesses Nearby
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Business Placement
Demographics for 72756, AR
41,875
Population
17,225
Households
2.4
Avg Household Size
37
Median Age
24%
College-Educated
86%
High-School Grad
129.9 sq mi
ZIP Area
322
Density / Sq Mi
$70,900
Median Household Income
$37,510
Median Earnings
$914
Median Rent
$243,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Benton County, AR
Properties on Market for Duplexes in Benton County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with updated interiors, private fireplaces, and a fully fenced backyard.
Where is this duplex located?
The property is located at 509 & 511 N 37th St Rogers, AR.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 3,477 sq. ft. duplex at 509 & 511 N 37th St, Rogers, AR 72756; Two units, each with 3 bedrooms and 2 full bathrooms; Fireplace included in each unit
