15-Unit Multifamily
For Sale
Contact for pricing
575 5th Ave, Conway, AR 72032
Six residential buildings offer consistent two-bedroom layouts with private garages for each unit.
Property Size14,508 SF
Lot Size1.63 Acres
Price / SF$172.32
Days on Market10
Property Features for 575 5th Ave
General Information
Standard status
Active
Size
14,508 SF
Class
C
Total Parking Spaces
15
Lot size
1.63 Acres
Property subtype
Multifamily
Occupancy
93%
Units
Unit Mix
15 x 2BR/2BA
Multifamily Units
15
Building Details
Buildings
6
Units
15
Tenancy
Multi
Listing Agency:
Elite Exit Advisors
Listed By:
Natalie Luneva · License #9016902-BB
Source:
Crexi
Added: Aug 2
Changed: Aug 9
Last Checked: Aug 10 at 1:43PM
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 Elite Exit Advisors
Investment Insights
Based on property information with market context.
This multifamily portfolio includes 15 units across three duplexes and three triplexes. The buildings occupy 1.63 acres and provide 14,508 square feet of property area. Each residence features two bedrooms, two bathrooms, a living room, a kitchen, and a private garage. One unit is vacant and currently used for buyer showings.
Tenant tenure is established, with most residents having occupied their units for 10 to 25 years. The offering is located at 575 5th Ave in Conway, Arkansas, providing a defined residential configuration with a mix of duplex and triplex buildings.
Tenant tenure is established, with most residents having occupied their units for 10 to 25 years. The offering is located at 575 5th Ave in Conway, Arkansas, providing a defined residential configuration with a mix of duplex and triplex buildings.
Key Highlights
- 15‑unit multifamily portfolio comprising three duplexes and three triplexes
- All units feature 2 bedrooms, 2 bathrooms, a living room, and a kitchen
- Private garage included with every unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$97,589
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,951,780
$2.0M
Cap Rate 7%
$1,394,129
$1.4M
Cap Rate 9%
$1,084,322
$1.1M
Market Conditions
NOI Build-Up for 14,508 SF
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.
Gross rent
$148.0K $10.20/SF
− Vacancy
−$8.6K −$0.59/SF
EGI
$139.4K $9.61/SF
− OpEx
−$41.8K −$2.88/SF
NOI
$97.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,951,780
Cap Rate 7%
$1,394,129
Cap Rate 9%
$1,084,322
Alternative Uses
Best Use
Multifamily LT 5
$1.39M
$1.22M – $1.63M
NOI $97,589 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$1.25M
$1.09M – $1.45M
NOI $87,215 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$3.31M
$2.90M – $3.86M
NOI $231,638 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
15
Residential units
Location Intelligence
Trade Area within ½ mile
648
Businesses Nearby
Explore this area
Business Placement
Demographics for 72032, AR
34,316
Population
14,255
Households
2.4
Avg Household Size
35
Median Age
27%
College-Educated
94%
High-School Grad
114.5 sq mi
ZIP Area
300
Density / Sq Mi
$61,452
Median Household Income
$36,877
Median Earnings
$976
Median Rent
$183,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Six residential buildings offer consistent two-bedroom layouts with private garages for each unit.
Where is this multifamily property located?
The property is located at 575 5th Ave Conway, AR.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 15‑unit multifamily portfolio comprising three duplexes and three triplexes; All units feature 2 bedrooms, 2 bathrooms, a living room, and a kitchen; Private garage included with every unit
