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    Restored Rogers Duplex with Airbnb Title is generated by Realmo AI

    615 & 615 1/2 N 3rd Street, Rogers, AR 72756

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    Pending
    $475,000

    MULTI_FAMILY - Other - Rogers, AR

    Property size:
    1,604 SF
    Lot size:
    0.19 Acres
    Added:
    Jan 1, 2026
    Days on Market:
    138
    Last Refresh:
    May 19 at 5:06 pm

    Property Features for 615 & 615 1/2 N 3rd Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 2
    Parking features
    Open, Garage, Carport
    Security features
    Security
    Window features
    Blinds
    Patio and Porch features
    Patio, Porch, Deck
    Interior features
    BuiltInFeatures, CeilingFans, WindowTreatments, InLawFloorplan
    Exterior features
    ConcreteDriveway
    Fencing
    Privacy
    Appliances
    Dryer, Dishwasher, ElectricWaterHeater, GasWaterHeater, Microwave, Refrigerator, Washer
    Standard status
    Pending
    APN
    022-02709-000
    Size
    1,604 SF
    Lot size
    0.19 Acres

    Taxes and HOA fees

    Tax Description
    On file
    Tax Annual Amount
    1434

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Ductless (Heating), Natural Gas, Central
    Cooling system
    Ductless, Electric, Window Unit(s), Central Air
    Water source
    Public

    Building Details

    Year built
    1940
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Vinyl, Wood, Carpet
    Building materials
    Brick, VinylSiding
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Robert Winkel

    Listing agent Robert Winkel License #EB00081411

    Listing office Fathom Realty 609 SW 8th Ste 600 Ste 101, Bentonville, AR

    Listing date Jan 1, 2026

    MLS# 1331443 Listing URL

    Copyright © 2026 ArkansasONE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Main home plus fully furnished guest house with separate entrance and parking, ideal for rental income (AirBNB).
    • Beautifully restored main home (built in 1940) with original hardwood floors and a mix of old and new features.
    • New kitchen with custom cabinetry, quartz countertops, and professional quality gas range.
    • New roof (2024), HVAC (2023), plumbing, electrical systems, and windows provide peace of mind.
    • Located in Downtown Rogers directly on the Bike Trail.
    • New concrete driveway, sidewalk, back patio, steps, and covered front porch.

    Overview

    Located in downtown Rogers, this property features a main home and a fully furnished guest house with a separate entrance and parking, situated directly on the bike trail. The guest house is currently operated as a successful 1-bedroom, 1-bath Airbnb. The main home, built in 1940, has been beautifully restored, blending old and new elements. It includes original hardwood floors, a remodeled bathroom, and a new kitchen with custom cabinetry, quartz countertops, and a professional-quality gas range. The property has a new HVAC system installed in 2023, along with updated plumbing, electrical systems, and windows. Exterior features include a new concrete driveway, sidewalk, back patio and steps, a new roof (2024), and a new covered front porch. The property is suitable for short-term rentals, multifamily use, or as a residential income property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rogers
    County
    Benton
    State
    Arkansas
    Longitude
    -94.117748
    Latitude
    36.338417

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    FAQs

    What type of property is this?
    Short term rental property - Restored main home plus furnished guest house on bike trail.
    Where is this short term rental property located?
    The property is located at 615 & 615 1/2 N 3rd Street Rogers, AR.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: Main home plus fully furnished guest house with separate entrance and parking, ideal for rental income (AirBNB).; Beautifully restored main home (built in 1940) with original hardwood floors and a mix of old and new features.; New kitchen with custom cabinetry, quartz countertops, and professional quality gas range.
    (479) 366-5017
    We can help!
    Listing Contact
    Robert Winkel
    Real Estate License ID: EB00081411
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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