Quadplex with Private
For Sale
$469,000
684-690 N Betty Jo Drive, Fayetteville, AR 72701
Four fully occupied residences each provide a two-bedroom, one-bath layout.
Property Size4,096 SF
Price / SF$114.50
Days on Market31
Property Features for 684-690 N Betty Jo Drive
General Information
Standard status
Active
Size
4,096 SF
Property subtype
Multi Family Home
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$3,704
Amenities
private backyard patio
Concrete Driveway
Building Details
Building Size
4,096 SF
Year Built
1982
Stories
2
Units
4
Listing Agency:
Collier & Associates- Rogers Branch
(479) 274-0977
Listed By:
T Dee Whidbee · License #SA00081549
(954) 243-4668
Source:
Cappyharrisrealtors
Added: Sep 23
Changed: Oct 22
Last Checked: Oct 22 at 2:12PM
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 Collier & Associates- Rogers Branch
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,096-square-foot quadplex contains four two-bedroom, one-bath units, each with a private backyard patio. Three units were updated in 2013 and the fourth in 2020; the HVAC systems were updated in 2019. The property was built in 1982 and is fully occupied.
Located near the University of Arkansas, the property also has access to shopping, dining, entertainment and other major amenities.
Located near the University of Arkansas, the property also has access to shopping, dining, entertainment and other major amenities.
Key Highlights
- Four units, each with two bedrooms and one bath
- Private backyard patio for each unit
- Three units updated in 2013; one updated in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,861
Cap Rate
7.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$737,220
$737.2K
Cap Rate 7%
$526,586
$526.6K
Cap Rate 9%
$409,567
$409.6K
Market Conditions
NOI Build-Up for 4,096 SF
Gross rent
$56.5K $13.80/SF
− Vacancy
−$3.9K −$0.94/SF
EGI
$52.7K $12.86/SF
− OpEx
−$15.8K −$3.86/SF
NOI
$36.9K $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%
$737,220
Cap Rate 7%
$526,586
Cap Rate 9%
$409,567
Alternative Uses
Best Use
Multifamily LT 5
$526.6K
$460.8K – $614.4K
NOI $36,861 @ 7.0% cap · market cap 7.86%
Second Best
Apartment 5plus
$465.9K
$407.7K – $543.6K
NOI $32,613 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$1.10M
$962.0K – $1.28M
NOI $76,960 @ 7.0% cap · market cap 16.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
291
Businesses Nearby
Explore this area
Business Placement
Demographics for 72701, AR
48,269
Population
20,057
Households
2.4
Avg Household Size
28
Median Age
42%
College-Educated
93%
High-School Grad
126.0 sq mi
ZIP Area
383
Density / Sq Mi
$50,413
Median Household Income
$27,305
Median Earnings
$973
Median Rent
$323,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four fully occupied residences each provide a two-bedroom, one-bath layout.
Where is this quadplex located?
The property is located at 684-690 N Betty Jo Drive Fayetteville, AR.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: Four units, each with two bedrooms and one bath; Private backyard patio for each unit; Three units updated in 2013; one updated in 2020
