Two-Unit Duplex
626-628 Newcastle, Sherwood, AR 72120
For Sale
$199,000
Multi-Family, Traditional, Sherwood, AR
Property Size2,253 SF
Lot Size0.22 Acres
Price / SF$88.33
Days on Market425
Property Features for 626-628 Newcastle
General Information
Property type
Property subtype
Appliances
Subdivision
Lot features
Directions
Standard status
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 14, 2025
Changed: Nov 2
Last Checked: Nov 12 at 7:06AM
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.
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Investment Insights
Based on property information with market context.
This duplex contains 2,253 square feet on a 0.22-acre lot and was built in 1977. Interior finishes include a combination of partial carpet and tile flooring, while the building is topped with a composition roof. Free-standing stoves are included among the property features.
The property is located at 626-628 Newcastle in Sherwood, Arkansas, within Pulaski County. It is offered in as-is condition, with financial information available to qualified buyers.
The property is located at 626-628 Newcastle in Sherwood, Arkansas, within Pulaski County. It is offered in as-is condition, with financial information available to qualified buyers.
Key Highlights
- Duplex with 2,253 square feet of property size
- 0.22‑acre lot in Sherwood, AR
- Built in 1977
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,949
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,980
$339.0K
Cap Rate 7%
$242,129
$242.1K
Cap Rate 9%
$188,322
$188.3K
Market Conditions
NOI Build-Up for 2,253 SF
Gross rent
$32.7K $14.52/SF
− Vacancy
−$1.9K −$0.84/SF
EGI
$30.8K $13.68/SF
− OpEx
−$13.9K −$6.16/SF
NOI
$16.9K $7.52/SF
Area
Pulaski County, AR
Vacancy
5.80%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,980
Cap Rate 7%
$242,129
Cap Rate 9%
$188,322
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.
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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 - Residential duplex with partial carpet, tile flooring, composition roofing, and free-standing stoves.
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: Duplex with 2,253 square feet of property size; 0.22‑acre lot in Sherwood, AR; Built in 1977
