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Fayetteville Duplex Investment Opportunity

523 S Dockery Lane, Fayetteville, AR 72701

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For Sale

$1,969,000

Six duplexes near University of Arkansas with strong rental history.

Type:Multi Family

Property size:

12,180 SF

Lot size:

1.40 Acres

Price / SF:

$161/SF

HighLights

Gross potential monthly income $13,200 ($1,100/unit)
12 total 2BR/2BA units with 1,015 SF each
Good rental history
Located 2.5 miles from the University of Arkansas campus and 2 miles from downtown Fayetteville
Utilities metered separately
Private setting at the end of a city street

We can help!

Listing Contact

Daniel Smith

Learn more

For Sale

$1,969,000

Six duplexes near University of Arkansas with strong rental history.

Type:Multi Family

Property size:

12,180 SF

Lot size:

1.40 Acres

Price / SF:

$161/SF

Added:: May 29, 2025
Days on Market:: 377
Last Refresh:: Apr 8 at 1:02 am

Property Features for 523 S Dockery Lane

General Information

Standard status: Active
Size: 12,180 SF
Lot size: 1.40 Acres
Property subtype: Multi Family

Building Details

Year Built: 1995

We can help!

Listing Contact

Daniel Smith

Listing agent Daniel Smith License #AB00089282

Listing office Colliers International - Branch Office

Listing date May 29, 2025

Source Exitrealty

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

HighLights

Gross potential monthly income $13,200 ($1,100/unit)
12 total 2BR/2BA units with 1,015 SF each
Good rental history
Located 2.5 miles from the University of Arkansas campus and 2 miles from downtown Fayetteville
Utilities metered separately
Private setting at the end of a city street

Overview

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.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $109,611 @ 7.0% cap · market cap 5.57%

Second Best

Apartment 5plus

$1.39M

$1.21M – $1.62M (±1% cap)

NOI $96,980 @ 7.0% cap · market cap 4.93%

Theoretical Best

Office A

$3.27M

$2.86M – $3.81M (±1% cap)

NOI $228,851 @ 7.0% cap · market cap 11.62%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Fayetteville
County: Washington
State: Arkansas
Longitude: -94.1324902
Latitude: 36.0565666

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