Two-Duplex Residential Investment
For Sale
Contact for pricing
544 OLIVER ST CONWAY AR 72034, Conway, AR 72034
Side-by-side duplexes contain four occupied residential units within an R-2A zoning district.
Property Size3,760 SF
Price / SF$109.04
Days on Market65
Property Features for 544 OLIVER ST CONWAY AR 72034
General Information
Standard status
Active
Size
3,760 SF
Property subtype
Multifamily
Zoning
R-2A
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Building Details
Year Built
1982
Buildings
2
Stories
1
Units
4
Listing Agency:
HartLand Development Company, Dunaway & Hart, Inc.
Listed By:
Mitch Hart · License #AR PB00043809
(501) 626-2121
Source:
Crexi
Added: Aug 7
Changed: Oct 7
Last Checked: Oct 9 at 7:43PM
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 HartLand Development Company, Dunaway & Hart, Inc.
Investment Insights
Based on property information with market context.
This residential income property consists of two duplex buildings positioned side by side on Oliver Street. Each building contains 1,880 SF, for a combined 3,760 SF, and the four units are configured as two-bedroom, one-bath residences. All four units are currently occupied.
Both duplexes were built in 1982. The property is zoned R-2A and includes the addresses 544–546 Oliver St and 548–550 Oliver St in Conway, Arkansas. The paired-building configuration provides four residential units within a single offering.
Both duplexes were built in 1982. The property is zoned R-2A and includes the addresses 544–546 Oliver St and 548–550 Oliver St in Conway, Arkansas. The paired-building configuration provides four residential units within a single offering.
Key Highlights
- Two side‑by‑side duplex buildings with four total units
- All four 2‑bedroom, 1‑bath units are fully occupied
- Combined building area of 3,760 SF
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
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
NOI $25,292 @ 7.0% cap · market cap 6.17%
Second Best
Apartment 5plus
$322.9K
$282.5K – $376.7K
NOI $22,603 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$857.6K
$750.4K – $1.00M
NOI $60,033 @ 7.0% cap · market cap 14.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,417
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Side-by-side duplexes contain four occupied residential units within an R-2A zoning district.
Where is this duplex located?
The property is located at 544 OLIVER ST CONWAY AR 72034 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 duplex buildings with four total units; All four 2‑bedroom, 1‑bath units are fully occupied; Combined building area of 3,760 SF
