Two-Unit Duplex
For Sale
$450,000
6204 SW Chickadee Street, Bentonville, AR 72713
MULTI_FAMILY - Bentonville, AR
Property Size2,414 SF
Lot Size0.19 Acres
Price / SF$186.41
Days on Market77
Property Features for 6204 SW Chickadee Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 6, Bathroom 4, Bedroom 1, Bathroom 3, Bedroom 4, Bathroom 2
Parking features
Garage, Open
Window features
Vinyl Frames
Exterior features
ConcreteDriveway
Fencing
Privacy
Appliances
ElectricWaterHeater
Subdivision
Maxwell Sub Bentonville
Lot features
Level
Directions
From I-49 take Gravette exit and head to HWY AR 279. Turn Rigt and take AR 279 past the benton county fairgrounds to AR 12 (SW Regional Airport Blvd) left onto AR 12 then quick right onto Chickadee.
Standard status
Active
APN
01-16936-000
Size
2,414 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Description
PLAT 11/14/2013 2013-651
Tax Annual Amount
2757
Legal Description
PLAT 11/14/2013 2013-651
Utilities
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Building Details
Year built
2014
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Carpet
Building materials
Brick, VinylSiding
Roof type
Asphalt, Shingle
Listing Agency:
Epique Realty
(501) 747-3624
Listed By:
Ana Vasquez · License #SA00085200
(479) 422-9383
Added: Jun 5
Changed: Aug 4
Last Checked: Aug 20 at 8:06AM
MLS# 1351121
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.
Investment Insights
Based on property information with market context.
This duplex contains two residences totaling 2,414 square feet, with each unit arranged across two levels and offering 3 bedrooms and 2 full baths. Open-concept interiors include granite countertops and generous storage. Recent improvements include new flooring, updated cabinets, and fresh paint throughout. Vinyl and carpet flooring, central electric heating and cooling, electric water heating, and asphalt shingle roofing are among the property’s noted features.
Built in 2014, the property has brick and vinyl siding, privacy fencing, a concrete driveway, and both garage and open parking. Its Bentonville setting places it 3.4 miles, or approximately 11 minutes, from Northwest Arkansas National Airport. The property is also near the Razorback Regional Greenway, Slaughter Pen Mountain Bike Park, and Peel Mansion & Historic Garden.
Built in 2014, the property has brick and vinyl siding, privacy fencing, a concrete driveway, and both garage and open parking. Its Bentonville setting places it 3.4 miles, or approximately 11 minutes, from Northwest Arkansas National Airport. The property is also near the Razorback Regional Greenway, Slaughter Pen Mountain Bike Park, and Peel Mansion & Historic Garden.
Key Highlights
- Two residences with 3 bedrooms and 2 full baths per unit
- 2,414 square feet across a 0.19‑acre lot
- Two‑level units with open‑concept layouts
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
$22,034
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
4.90%
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%
$440,680
$440.7K
Cap Rate 7%
$314,771
$314.8K
Cap Rate 9%
$244,822
$244.8K
Market Conditions
NOI Build-Up for 2,414 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
$33.3K $13.80/SF
− Vacancy
−$1.8K −$0.76/SF
EGI
$31.5K $13.04/SF
− OpEx
−$9.4K −$3.91/SF
NOI
$22.0K $9.13/SF
Area
Benton 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 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%
$440,680
Cap Rate 7%
$314,771
Cap Rate 9%
$244,822
Alternative Uses
Best Use
Multifamily LT 5
$314.8K
$275.4K – $367.2K
NOI $22,034 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$280.9K
$245.8K – $327.7K
NOI $19,661 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$663.4K
$580.5K – $774.0K
NOI $46,437 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
58
Businesses Nearby
Explore this area
Business Placement
Demographics for 72713, AR
25,076
Population
10,752
Households
2.3
Avg Household Size
31
Median Age
58%
College-Educated
97%
High-School Grad
48.5 sq mi
ZIP Area
517
Density / Sq Mi
$117,752
Median Household Income
$72,491
Median Earnings
$1,302
Median Rent
$355,000
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?
Duplex - Each residence offers an open-concept layout, updated finishes, generous storage, and comfortable two-level living.
Where is this duplex located?
The property is located at 6204 SW Chickadee Street Bentonville, AR.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two residences with 3 bedrooms and 2 full baths per unit; 2,414 square feet across a 0.19‑acre lot; Two‑level units with open‑concept layouts
