Two-Unit
For Sale
$275,000
541 Davis St, Conway, AR 72034
The R-2A-zoned property occupies an oversized corner parcel in Conway’s Historical Area.
Property Size2,548 SF
Price / SF$107.93
Days on Market18
Property Features for 541 Davis St
General Information
Standard status
Active
Size
2,548 SF
Property subtype
Residential Income
Zoning
R-2A
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,152
Building Details
Year Built
1957
Buildings
1
Listing Agency:
Coldwell Banker Heritage Homes
(501) 825-7500
Listed By:
Justin Wammes
(504) 284-8699
Source:
Exprealty
Added: Sep 22
Changed: Oct 9
Last Checked: Oct 7 at 5:28PM
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 Coldwell Banker Heritage Homes
Investment Insights
Based on property information with market context.
Built in 1957, this duplex contains 2,548 square feet across two residential units. Each unit has two bedrooms and one bathroom. The property sits on an oversized corner lot in Conway’s Historical Area and carries R-2A zoning. The building is addressed at 541 and 543 Davis Street.
Key Highlights
- 2,548‑square‑foot duplex with two residential units
- Each unit has 2 bedrooms and 1 bathroom
- Built in 1957; zoned R‑2A
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,139
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,780
$342.8K
Cap Rate 7%
$244,843
$244.8K
Cap Rate 9%
$190,433
$190.4K
Market Conditions
NOI Build-Up for 2,548 SF
Gross rent
$26.0K $10.20/SF
− Vacancy
−$1.5K −$0.59/SF
EGI
$24.5K $9.61/SF
− OpEx
−$7.3K −$2.88/SF
NOI
$17.1K $6.73/SF
Area
Faulkner County, AR
Vacancy
5.79%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,780
Cap Rate 7%
$244,843
Cap Rate 9%
$190,433
Alternative Uses
Best Use
Multifamily LT 5
$244.8K
$214.2K – $285.7K
NOI $17,139 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$218.8K
$191.5K – $255.3K
NOI $15,317 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$581.2K
$508.5K – $678.0K
NOI $40,682 @ 7.0% cap · market cap 14.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,404
Businesses Nearby
Explore this area
Business Placement
Demographics for 72034, AR
47,873
Population
22,523
Households
2.1
Avg Household Size
33
Median Age
44%
College-Educated
94%
High-School Grad
47.9 sq mi
ZIP Area
999
Density / Sq Mi
$61,675
Median Household Income
$40,511
Median Earnings
$993
Median Rent
$250,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - The R-2A-zoned property occupies an oversized corner parcel in Conway’s Historical Area.
Where is this duplex located?
The property is located at 541 Davis St Conway, AR.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 2,548‑square‑foot duplex with two residential units; Each unit has 2 bedrooms and 1 bathroom; Built in 1957; zoned R‑2A
