Two-Building Duplex
For Sale
$509,000
61 Cardinal Lane, Cabot, AR 72023
Commercial / Industrial, Cabot, AR
Property Size4,374 SF
Lot Size0.50 Acres
Price / SF$116.37
Days on Market145
Property Features for 61 Cardinal Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Neighborhood Commercial
Parking
8
Interior features
Smoke Detector, Kitchen Area, Living Area, Ceiling Fans, In-Unit Bathroom, Showers
Lot features
Level, Cleared, City Lot, Rental Complex
Directions
From Cabot exit 16, take right onto Highway 321/ Bill Foster Memorial Highway. Proceed for approximately 1.5 miles. Turn left onto Kerr Station Road. Shortly after, turn left onto Cardinal Lane, opposite Middle School So. Property is on the first left.
Subdivision
CABOT SCHOOL DISTRICT
Standard status
Active
Size
4,374 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Description
In Office.
Tax Annual Amount
3021
Legal Description
In Office.
Amenities
covered back patios
Building Details
Year built
2006
Floors in Building
1
Flooring type
Concrete
Roof type
Shingle
Listing Agency:
Arnett Realty & Investments
(501) 843-1515
Listed By:
Cole Arnett
(501) 259-5508
Added: May 19
Changed: Oct 5
Last Checked: Oct 10 at 3:06AM
MLS# 26020162
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This residential income property includes two duplex buildings built in 2006, totaling 4,374 square feet on 0.5 acres. The units feature two bedrooms, two full bathrooms, open floor plans, kitchen and living areas, ceiling fans, in-unit bathrooms, concrete flooring, and shingle roofs. Covered rear patios and ample on-site parking serve the units.
The property is located at 61 Cardinal Lane in Cabot, with retail, shopping, and entertainment nearby. Elementary, middle, and junior high schools are within walking distance, providing a defined neighborhood setting for the duplexes.
The property is located at 61 Cardinal Lane in Cabot, with retail, shopping, and entertainment nearby. Elementary, middle, and junior high schools are within walking distance, providing a defined neighborhood setting for the duplexes.
Key Highlights
- Two duplex buildings totaling 4,374 square feet
- 0.5‑acre property built in 2006
- Each unit includes 2 bedrooms and 2 full bathrooms
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.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
59
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two duplex buildings offer two-bedroom, two-bath units with open living areas.
Where is this duplex located?
The property is located at 61 Cardinal Lane 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 totaling 4,374 square feet; 0.5‑acre property built in 2006; Each unit includes 2 bedrooms and 2 full bathrooms
