Residential Income
For Sale
$199,000
626-628 Newcastle, Sherwood, AR 72120
MULTI_FAMILY - Sherwood, AR
Property Size2,253 SF
Lot Size0.22 Acres
Price / SF$88.33
Days on Market322
Property Features for 626-628 Newcastle
General Information
Property type
Residential Multi Family
Property subtype
Other
Appliances
Free-Standing Stove, Free-Standing Stove
Subdivision
Royal Manor
Lot features
Level
Directions
Sherwood
Standard status
Active
Size
2,253 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Lot8
Tax Annual Amount
1748
Legal Description
Lot8
Building Details
Year built
1977
Floors in Building
1
Number of units
2
Flooring type
Tile, Carpet - Partial
Roof type
Composition
Architectural style
Other
Listing Agency:
CENTURY 21 Prestige Realty · Century 21 Real Estate
(501) 982-4574
Listed By:
John Belden Sr. · License #PB00068696
(501) 259-0555
Added: Sep 14, 2025
Changed: Jul 29
Last Checked: Aug 1 at 5:06PM
MLS# 25037170
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.
Investment Insights
Based on property information with market context.
This residential income duplex is being sold as-is. The property totals 2,253 square feet and sits on a 0.22-acre lot. Prospective buyers should plan to perform their own due diligence regarding the property condition and related disclosures, as no seller property disclosures are provided.
The duplex is located at 626-628 Newcastle in Sherwood, Arkansas 72120-0525, within Pulaski County. The offering includes the existing improvements on the listed parcel, and the seller advises that any available financial information will be provided to qualified buyers.
For investors or owner-occupants seeking a smaller income-oriented property, this listing may fit a strategy that prioritizes straightforward acquisition with assumptions made after inspection and review. Since the property is presented as-is and disclosures are limited, buyers should evaluate operating and renovation needs as part of their underwriting before making an offer. Financial details, where available, are limited to qualified buyers, so reach out for next steps if you want to review them as part of the purchase process.
The duplex is located at 626-628 Newcastle in Sherwood, Arkansas 72120-0525, within Pulaski County. The offering includes the existing improvements on the listed parcel, and the seller advises that any available financial information will be provided to qualified buyers.
For investors or owner-occupants seeking a smaller income-oriented property, this listing may fit a strategy that prioritizes straightforward acquisition with assumptions made after inspection and review. Since the property is presented as-is and disclosures are limited, buyers should evaluate operating and renovation needs as part of their underwriting before making an offer. Financial details, where available, are limited to qualified buyers, so reach out for next steps if you want to review them as part of the purchase process.
Key Highlights
- Great investment opportunity
- Flooring: tile
- Year built: 1977
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.7k | $14.52 |
| − Vacancy | −$1.9k | −$0.84 |
| EGI | $30.8k | $13.68 |
| − OpEx | −$13.9k | −$6.16 |
| NOI | $16.9k | $7.52 |
2,253 SF · lease $14.52/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$270.5K
$236.7K – $315.6K
NOI $18,934 @ 7.0% cap · market cap 9.51%
Second Best
Apartment 5plus
$242.1K
$211.9K – $282.5K
NOI $16,949 @ 7.0% cap · market cap 8.52%
Theoretical Best
Specialty Retail
$429.8K
$376.0K – $501.4K
NOI $30,083 @ 7.0% cap · market cap 15.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
179
Businesses Nearby
Explore this area
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
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 - Residential income property offered for sale as-is, with financial information available to qualified buyers.
Where is this duplex located?
The property is located at 626-628 Newcastle 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: Great investment opportunity; Flooring: tile; Year built: 1977
