Newer Duplex with Central
For Sale
$279,900
518 N Coker ST Unit #A & B, Greenwood, AR 72936
MULTI_FAMILY - Greenwood, AR
Property Size1,856 SF
Lot Size0.19 Acres
Price / SF$150.81
Days on Market522
Property Features for 518 N Coker ST Unit #A & B
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Subdivision
Johnson-Greenwood
Lot features
Cleared
Elementary school
Greenwood
Middle school
Greenwood
High school
Greenwood
Elementary school district
Greenwood
Middle school district
Greenwood
High school district
Greenwood
Directions
Take N Main St to W Houston. Turn left on W Houston then left on N Coker. Property on the left.
Standard status
Active
APN
65323-0012-00002-00
Size
1,856 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Description
LT 9 BLK B Johnson-Greenwood
Tax Annual Amount
2896
Legal Description
LT 9 BLK B Johnson-Greenwood
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Amenities
stainless-steel appliances
stackable washer and dryer
Building Details
Year built
2022
Floors in Building
2
Number of units
2
Flooring type
Laminate
Roof type
Shingle
Listing Agency:
Chuck Fawcett Realty Greenwood branch
(479) 996-5477
Listed By:
Larry Stanfill · License #EB00052037
(479) 461-2660
Added: Mar 17, 2025
Changed: Aug 10
Last Checked: Aug 20 at 12:06PM
MLS# 1079642
Copyright © 2026 Western River Valley Board of REALTORS®. 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.
This newer duplex offers a clean, practical layout with two units, each featuring two bedrooms and 1.5 bathrooms. The homes are set up with central electric heating and central air, laminate flooring, and a shingle roof. Each unit includes stainless-steel kitchen appliances and a stackable washer and dryer, and both units provide two concrete parking spaces.
The property sits on a 0.19-acre lot with a total size of 1,856 square feet. Utilities are structured as total electric with city water and sewer, with all utilities paid by the tenant.
Built in 2022, the duplex is described as being located only blocks from the school, making it a convenient option for residents who want nearby access to campus.
The property sits on a 0.19-acre lot with a total size of 1,856 square feet. Utilities are structured as total electric with city water and sewer, with all utilities paid by the tenant.
Built in 2022, the duplex is described as being located only blocks from the school, making it a convenient option for residents who want nearby access to campus.
Key Highlights
- Two 2‑bedroom, 1.5‑bath units
- Central air and electric heating
- In‑unit stackable washer and dryer
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
$12,308
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
4.40%
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%
$246,160
$246.2K
Cap Rate 7%
$175,829
$175.8K
Cap Rate 9%
$136,756
$136.8K
Market Conditions
NOI Build-Up for 1,856 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
$18.9K $10.20/SF
− Vacancy
−$1.3K −$0.73/SF
EGI
$17.6K $9.47/SF
− OpEx
−$5.3K −$2.84/SF
NOI
$12.3K $6.63/SF
Area
Sebastian County, AR
Vacancy
7.12%
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%
$246,160
Cap Rate 7%
$175,829
Cap Rate 9%
$136,756
Alternative Uses
Best Use
Multifamily LT 5
$175.8K
$153.9K – $205.1K
NOI $12,308 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$157.0K
$137.4K – $183.2K
NOI $10,991 @ 7.0% cap · market cap 3.93%
Theoretical Best
Healthcare Medical
$394.9K
$345.5K – $460.7K
NOI $27,642 @ 7.0% cap · market cap 9.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
297
Businesses Nearby
Explore this area
Business Placement
Demographics for 72936, AR
14,515
Population
6,019
Households
2.4
Avg Household Size
38
Median Age
27%
College-Educated
92%
High-School Grad
80.9 sq mi
ZIP Area
179
Density / Sq Mi
$72,213
Median Household Income
$45,724
Median Earnings
$824
Median Rent
$197,600
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 - Modern duplex with two 2-bedroom, 1.5-bath units, electric heat, central air, and in-unit stackable washer and dryer.
Where is this duplex located?
The property is located at 518 N Coker ST Unit #A & B Greenwood, AR.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Two 2‑bedroom, 1.5‑bath units; Central air and electric heating; In‑unit stackable washer and dryer
