Maintenance-Free Duplex
For Sale
$509,000
61 Cardinal Lane #Units 1-4, Cabot, AR 72023
Four-unit, maintenance-free duplex property built in 2006 with two-bedroom, two-bath layouts.
Property Size4,374 SF
Days on Market81
Property Features for 61 Cardinal Lane #Units 1-4
General Information
Standard status
Active
Size
4,374 SF
Property subtype
Commercial
Amenities
covered back patios
Building Details
Building Size
4,374 SF
Year Built
2006
Buildings
2
Listing Agency:
Arnett Realty & Investments
(501) 259-5508
Listed By:
Cole Arnett
(501) 259-5508
Source:
Jcthornton
Added: May 19
Changed: Jul 31
Last Checked: Aug 6 at 1:03PM
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
Investment Insights
Based on property information with market context.
This maintenance-free multifamily investment features two duplexes, totaling four units, built in 2006. Each unit includes two bedrooms and two full bathrooms with large, open floor plans designed for practical everyday living.
The property’s layout supports tenant convenience with ample parking and covered back patios for each unit. Public remarks also describe the location as convenient to retail, shopping, and entertainment, with elementary, middle, and junior high schools within walking distance.
For operators and tenants alike, the combination of covered outdoor space, parking availability, and consistent two-bedroom, two-bath unit configuration may support straightforward leasing and resident experience across all units.
The property’s layout supports tenant convenience with ample parking and covered back patios for each unit. Public remarks also describe the location as convenient to retail, shopping, and entertainment, with elementary, middle, and junior high schools within walking distance.
For operators and tenants alike, the combination of covered outdoor space, parking availability, and consistent two-bedroom, two-bath unit configuration may support straightforward leasing and resident experience across all units.
Key Highlights
- Two maintenance‑free duplexes totaling four units
- Built in 2006
- Each unit offers two bedrooms and two full bathrooms
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
$35,352
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
6.95%
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%
$707,040
$707.0K
Cap Rate 7%
$505,029
$505.0K
Cap Rate 9%
$392,800
$392.8K
Market Conditions
NOI Build-Up for 4,374 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
$68.2K $15.60/SF
− Vacancy
−$4.0K −$0.90/SF
EGI
$64.3K $14.70/SF
− OpEx
−$28.9K −$6.61/SF
NOI
$35.4K $8.08/SF
Area
Lonoke County, AR
Vacancy
5.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
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%
$707,040
Cap Rate 7%
$505,029
Cap Rate 9%
$392,800
Alternative Uses
Best Use
Apartment 5plus
$505.0K
$441.9K – $589.2K
NOI $35,352 @ 7.0% cap · market cap 6.95%
Second Best
—
—
no second resolved use
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
Current Use
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
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 - Four-unit, maintenance-free duplex property built in 2006 with two-bedroom, two-bath layouts.
Where is this multifamily property located?
The property is located at 61 Cardinal Lane #Units 1-4 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 maintenance‑free duplexes totaling four units; Built in 2006; Each unit offers two bedrooms and two full bathrooms
