Two-Unit Duplex with Conveying
For Sale
$445,000
662 N Meadowlands Dr, Fayetteville, AR 72704
Both residences include refrigerators, washing machines, and dryers that convey with the sale.
Property Size2,448 SF
Price / SF$181.78
Days on Market50
Property Features for 662 N Meadowlands Dr
General Information
Standard status
Active
Size
2,448 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Year Built
1996
Buildings
1
Listing Agency:
Keller Williams Market Pro Realty
Listed By:
Heather McDonnell Hastings · License #SA00086272
(479) 409-1045
Source:
Thebesthomeprice
Added: Sep 4
Changed: Oct 13
Last Checked: Oct 7 at 4:24PM
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
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Investment Insights
Based on property information with market context.
This Fayetteville duplex contains two separately arranged residences, each offering 2 bedrooms and 1.5 baths. The property provides 2,448 square feet of building area and was constructed in 1996. Refrigerators, washing machines, and dryers in both units convey with the sale.
The property is positioned near grocery stores, restaurants, and daily services along Wedington DR. The University of Arkansas and Downtown Fayetteville are a short drive away, while nearby walking and biking trails add recreational access. Interstate 49 is also readily accessible for regional travel.
The two-unit layout supports separate residential occupancy, with each side offering the same bedroom and bathroom configuration. The combination of unit-specific living space and included appliances gives the property a defined physical setup for continued residential use.
The property is positioned near grocery stores, restaurants, and daily services along Wedington DR. The University of Arkansas and Downtown Fayetteville are a short drive away, while nearby walking and biking trails add recreational access. Interstate 49 is also readily accessible for regional travel.
The two-unit layout supports separate residential occupancy, with each side offering the same bedroom and bathroom configuration. The combination of unit-specific living space and included appliances gives the property a defined physical setup for continued residential use.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1.5 baths in each side
- 2,448 square feet of building area
- Constructed in 1996
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,030
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$440,600
$440.6K
Cap Rate 7%
$314,714
$314.7K
Cap Rate 9%
$244,778
$244.8K
Market Conditions
NOI Build-Up for 2,448 SF
Gross rent
$33.8K $13.80/SF
− Vacancy
−$2.3K −$0.94/SF
EGI
$31.5K $12.86/SF
− OpEx
−$9.4K −$3.86/SF
NOI
$22.0K $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%
$440,600
Cap Rate 7%
$314,714
Cap Rate 9%
$244,778
Alternative Uses
Best Use
Multifamily LT 5
$314.7K
$275.4K – $367.2K
NOI $22,030 @ 7.0% cap · market cap 4.95%
Second Best
Apartment 5plus
$278.5K
$243.7K – $324.9K
NOI $19,492 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$657.1K
$575.0K – $766.6K
NOI $45,996 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
265
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 - Both residences include refrigerators, washing machines, and dryers that convey with the sale.
Where is this duplex located?
The property is located at 662 N Meadowlands Dr Fayetteville, AR.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1.5 baths in each side; 2,448 square feet of building area; Constructed in 1996
