Two-Building Duplex
For Sale
$509,000
61 Cardinal Ln, Cabot, AR 72023
Separate buildings provide open-plan residences with full baths, covered rear patios, and on-site parking.
Property Size4,374 SF
Price / SF$116.37
Days on Market54
Property Features for 61 Cardinal Ln
General Information
Standard status
Active
Size
4,374 SF
Building Details
Year Built
2006
Listing Agency:
Arnett Realty & Investments
Listed By:
Cole Arnett, Ted Arnett
Source:
Pcsingtolittlerock
Added: Sep 9
Changed: Oct 26
Last Checked: Oct 7 at 2:14PM
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 Arnett Realty & Investments
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Investment Insights
Based on property information with market context.
This property includes two duplex buildings completed in 2006. Each residence is configured with two bedrooms, two full bathrooms, and an expansive open living plan. Covered rear patios and ample parking accompany the individual units, adding practical outdoor and vehicle accommodations.
The property is located at 61 Cardinal Ln in Cabot, near retail, shopping, and entertainment options. Elementary, middle, and junior high schools are within walking distance, placing several school levels close to the property.
The property is located at 61 Cardinal Ln in Cabot, near retail, shopping, and entertainment options. Elementary, middle, and junior high schools are within walking distance, placing several school levels close to the property.
Key Highlights
- Two duplex buildings at 61 Cardinal Ln, Cabot, AR 72023
- Built in 2006
- Each residence has 2 bedrooms and 2 full baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,925
Cap Rate
7.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$798,500
$798.5K
Cap Rate 7%
$570,357
$570.4K
Cap Rate 9%
$443,611
$443.6K
Market Conditions
NOI Build-Up for 4,374 SF
Gross rent
$60.4K $13.80/SF
− Vacancy
−$3.3K −$0.76/SF
EGI
$57.0K $13.04/SF
− OpEx
−$17.1K −$3.91/SF
NOI
$39.9K $9.13/SF
Area
Lonoke County, AR
Vacancy
5.51%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$798,500
Cap Rate 7%
$570,357
Cap Rate 9%
$443,611
Alternative Uses
Best Use
Multifamily LT 5
$570.4K
$499.1K – $665.4K
NOI $39,925 @ 7.0% cap · market cap 7.84%
Second Best
Apartment 5plus
$505.0K
$441.9K – $589.2K
NOI $35,352 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$890.6K
$779.3K – $1.04M
NOI $62,340 @ 7.0% cap · market cap 12.25%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
59
Businesses Nearby
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Business Placement
Demographics for 72023, AR
37,321
Population
14,901
Households
2.5
Avg Household Size
38
Median Age
25%
College-Educated
94%
High-School Grad
98.2 sq mi
ZIP Area
380
Density / Sq Mi
$76,157
Median Household Income
$45,363
Median Earnings
$978
Median Rent
$202,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate buildings provide open-plan residences with full baths, covered rear patios, and on-site parking.
Where is this duplex located?
The property is located at 61 Cardinal Ln Cabot, AR.
What is the asking price?
The asking price for this property is $509,000.
What are key features of this property?
This property features: Two duplex buildings at 61 Cardinal Ln, Cabot, AR 72023; Built in 2006; Each residence has 2 bedrooms and 2 full baths
