Two-Unit Duplex with
For Sale
$510,000
6241 & 6243 Milliken Bend, Fayetteville, AR 72704
Each residence includes a full kitchen, fireplace-equipped family room, primary suite, and outdoor patio.
Property Size3,000 SF
Price / SF$170
Days on Market53
Property Features for 6241 & 6243 Milliken Bend
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Multi-Family
Amenities
fireplace
patio
Listing Agency:
Keller Williams Market Pro Realty Branch Office
(360) 610-1020
Listed By:
The Moldenhauer Group
(479) 341-6413
Source:
Nwahomestore
Added: Sep 1
Changed: Oct 21
Last Checked: Oct 20 at 8:07PM
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 Keller Williams Market Pro Realty Branch Office
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Investment Insights
Based on property information with market context.
This two-unit duplex includes matching residences with 3 beds and 2 full baths apiece. Each side features a large kitchen with eat-in space, a family room with fireplace, and an oversized primary suite with a spacious bathroom and two closets. Guest bedrooms and an outdoor patio complete each residence.
The property offers separate-side flexibility: one residence can be occupied while the other is leased, or the sides can be sold separately. The duplex is located at 6241 & 6243 Milliken Bend, Fayetteville, AR 72704.
The property offers separate-side flexibility: one residence can be occupied while the other is leased, or the sides can be sold separately. The duplex is located at 6241 & 6243 Milliken Bend, Fayetteville, AR 72704.
Key Highlights
- Two residences, each with 3 beds and 2 full baths
- Large kitchens with dedicated eat‑in areas
- Family rooms feature fireplaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,998
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,960
$540.0K
Cap Rate 7%
$385,686
$385.7K
Cap Rate 9%
$299,978
$300.0K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$41.4K $13.80/SF
− Vacancy
−$2.8K −$0.94/SF
EGI
$38.6K $12.86/SF
− OpEx
−$11.6K −$3.86/SF
NOI
$27.0K $9.00/SF
Area
Washington County, AR
Vacancy
6.84%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,960
Cap Rate 7%
$385,686
Cap Rate 9%
$299,978
Alternative Uses
Best Use
Multifamily LT 5
$385.7K
$337.5K – $450.0K
NOI $26,998 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$341.2K
$298.6K – $398.1K
NOI $23,887 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$805.2K
$704.6K – $939.5K
NOI $56,367 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
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Business Placement
Demographics for 72704, AR
31,145
Population
14,098
Households
2.2
Avg Household Size
31
Median Age
55%
College-Educated
96%
High-School Grad
77.0 sq mi
ZIP Area
404
Density / Sq Mi
$88,991
Median Household Income
$51,341
Median Earnings
$1,163
Median Rent
$301,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes a full kitchen, fireplace-equipped family room, primary suite, and outdoor patio.
Where is this duplex located?
The property is located at 6241 & 6243 Milliken Bend Fayetteville, AR.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Two residences, each with 3 beds and 2 full baths; Large kitchens with dedicated eat‑in areas; Family rooms feature fireplaces
