Fayetteville Duplex Investment
523 S Dockery Lane Fayetteville, AR 72701
For Sale
$1,969,000
Six duplexes near University of Arkansas with strong rental history.
Property Size12,180 SF
Lot Size1.40 Acres
Price / SF$161.66
Days on Market422
Property Features for 523 S Dockery Lane
General Information
- Standard status
- Active
- Size
- 12,180 SF
- Lot size
- 1.40 Acres
- Property subtype
- Mobile Home
Building Details
- Year Built
- 1995
Listing Agency:
Colliers International - Branch Office
(479) 318-8488
Listed By:
Daniel Smith · License #AB00089282
(479) 318-8488
Source:
Exitrealty
Added: May 29, 2025
Changed: Jul 10
Last Checked: Jul 23 at 7:17AM
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 Colliers International - Branch Office
Investment Insights
Based on property information with market context.
This property features six duplexes located in Fayetteville, offering a total of twelve units. Each unit includes two bedrooms and two bathrooms, with a living space of 1,015 square feet. Constructed in 1995, the duplexes are situated on 1.4 acres zoned 24, in a private setting at the end of a city street. The location is approximately 2.5 miles from the University of Arkansas campus and 2 miles from downtown Fayetteville. Each unit has separate utility meters. The property has a strong rental history and a gross potential monthly income of $13,200, with each unit potentially generating $1,100 per month.
Key Highlights
- Gross potential monthly income $13,200 ($1,100/unit)
- 12 total 2BR/2BA units with 1,015 SF each
- Good rental history
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $168.1k | $13.80 |
| − Vacancy | −$11.5k | −$0.94 |
| EGI | $156.6k | $12.86 |
| − OpEx | −$47.0k | −$3.86 |
| NOI | $109.6k | $9.00 |
12,180 SF · lease $13.80/SF/yr · vacancy 6.84% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.57M
$1.37M – $1.83M
NOI $109,611 @ 7.0% cap · market cap 5.57%
Second Best
Apartment 5plus
$1.39M
$1.21M – $1.62M
NOI $96,980 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$3.27M
$2.86M – $3.81M
NOI $228,851 @ 7.0% cap · market cap 11.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Six duplexes near University of Arkansas with strong rental history.
Where is this duplex located?
The property is located at 523 S Dockery Lane Fayetteville, AR.
What is the asking price?
The asking price for this property is $1,969,000.
What are key features of this property?
This property features: Gross potential monthly income $13,200 ($1,100/unit); 12 total 2BR/2BA units with 1,015 SF each; Good rental history
