Duplex with Washer
622-624 Newcastle Dr, Sherwood, AR 72120
For Sale
$199,000
Multi-Family, Traditional, Sherwood, AR
Property Size2,143 SF
Lot Size0.20 Acres
Price / SF$92.86
Days on Market427
Property Features for 622-624 Newcastle Dr
General Information
Property type
Property subtype
Bedrooms
Rooms
Interior features
Appliances
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Floors in Building
Number of units
Flooring type
Roof type
Architectural style
Listing Agency:
CENTURY 21 Prestige Realty · Century 21 Real Estate
(501) 982-4574
Listed By:
John Belden Sr. · License AR PB00068696
(501) 259-0555
Added: Sep 12, 2025
Changed: Oct 27
Last Checked: Nov 12 at 7:06AM
MLS# 25037176
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.
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Investment Insights
Based on property information with market context.
This duplex contains 2,143 square feet on a 0.20-acre lot and was built in 1977. Interior features include washer connections, free-standing stoves, vinyl flooring, and partial carpeting. The building has a composition roof and includes rooms identified as Bedroom 1 and Bedroom 2.
The property is located at 622-624 Newcastle Dr in Sherwood, Arkansas, within Pulaski County and ZIP Code 72120.
The property is located at 622-624 Newcastle Dr in Sherwood, Arkansas, within Pulaski County and ZIP Code 72120.
Key Highlights
- Duplex property with 2,143 square feet of building area
- Situated on a 0.20‑acre lot
- Built in 1977
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,009
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$360,180
$360.2K
Cap Rate 7%
$257,271
$257.3K
Cap Rate 9%
$200,100
$200.1K
Market Conditions
NOI Build-Up for 2,143 SF
Gross rent
$27.5K $12.84/SF
− Vacancy
−$1.8K −$0.83/SF
EGI
$25.7K $12.01/SF
− OpEx
−$7.7K −$3.60/SF
NOI
$18.0K $8.40/SF
Area
Pulaski County, AR
Vacancy
6.50%
Lease Rate
$12.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$360,180
Cap Rate 7%
$257,271
Cap Rate 9%
$200,100
Alternative Uses
Best Use
Multifamily LT 5
$257.3K
$225.1K – $300.2K
NOI $18,009 @ 7.0% cap · market cap 9.05%
Second Best
Apartment 5plus
$230.3K
$201.5K – $268.7K
NOI $16,121 @ 7.0% cap · market cap 8.10%
Theoretical Best
Specialty Retail
$408.8K
$357.7K – $476.9K
NOI $28,615 @ 7.0% cap · market cap 14.38%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
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Business Placement
Demographics for 72120, AR
34,784
Population
15,216
Households
2.3
Avg Household Size
41
Median Age
35%
College-Educated
95%
High-School Grad
54.2 sq mi
ZIP Area
642
Density / Sq Mi
$75,853
Median Household Income
$48,453
Median Earnings
$1,026
Median Rent
$189,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Sherwood, AR
Properties on Market for Duplexes in Sherwood
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential income property with vinyl and partial carpet flooring, composition roofing, and free-standing stoves.
Where is this duplex located?
The property is located at 622-624 Newcastle Dr Sherwood, AR.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Duplex property with 2,143 square feet of building area; Situated on a 0.20‑acre lot; Built in 1977
