Building Details

Year Built 1982

Buildings 2

Listing Agency: Dunaway and Hart, Inc.

Listed By: Mitch Hart · License #PB00043809 Show Phone

Source: Pcsingtolittlerock

Added: Aug 8 Changed: Oct 12 Last Checked: Oct 7 at 3:12PM

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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 Dunaway and Hart, Inc.

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Investment Insights

Based on property information with market context.

This residential income property includes two side-by-side duplexes with four total units. Each unit offers two bedrooms and one bathroom, and all units are fully occupied. Combined building area is 3,760 SF, with 1,880 SF assigned to each duplex.

The properties are located at 544–546 Oliver St and 548–550 Oliver St in downtown Conway, Arkansas. Both duplexes were built in 1982, creating a consistent configuration across the portfolio. The occupied units and four-unit layout support continued residential rental use.

Key Highlights

• Two side‑by‑side duplexes at 544–546 Oliver St and 548–550 Oliver St
• Four total units, each with 2 bedrooms and 1 bathroom
• All four units are fully occupied

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,292

Cap Rate

6.17%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$505,840 $505.8K

Cap Rate 7%

$361,314 $361.3K

Cap Rate 9%

$281,022 $281.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,760 SF

Gross rent

$38.4K $10.20/SF

− Vacancy

−$2.2K −$0.59/SF

EGI

$36.1K $9.61/SF

− OpEx

−$10.8K −$2.88/SF

NOI

$25.3K $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%

$505,840

Cap Rate 7%

$361,314

Cap Rate 9%

$281,022

Alternative Uses

Best Use

Multifamily LT 5

$361.3K

$316.2K – $421.5K (±1% cap)

NOI $25,292 @ 7.0% cap · market cap 6.17%

Second Best

Apartment 5plus

$322.9K

$282.5K – $376.7K (±1% cap)

NOI $22,603 @ 7.0% cap · market cap 5.51%

Theoretical Best

Office A

$857.6K

$750.4K – $1.00M (±1% cap)

NOI $60,033 @ 7.0% cap · market cap 14.64%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Garden Center Locksmith (Bike/Boat/Book/etc) Store Acupuncture Florist Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

1,417

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Similar For Sale Nearby

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Remodeled Duplex With Separate Entrance

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Three-Bedroom Duplex with Patio

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Occupied Two-Unit Duplex

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Updated Duplex with Covered Parking

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Updated Duplex Near Downtown

1030 Clifton St., Conway, AR 72034

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15-Unit Multifamily Portfolio

575 5th Ave, Conway, AR 72032

$1,950,000

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Corner Specialty Property

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Day Care Center with Classrooms

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Frequently Asked Questions

What type of property is this?

Duplex - Side-by-side duplexes provide four occupied residential units within a downtown housing market.

Where is this duplex located?

The property is located at 544-550 Oliver St Conway, AR.

What is the asking price?

The asking price for this property is $410,000.

What are key features of this property?

This property features: Two side‑by‑side duplexes at 544–546 Oliver St and 548–550 Oliver St; Four total units, each with 2 bedrooms and 1 bathroom; All four units are fully occupied