Updated 4-Unit
New
For Sale
$469,000
Pending
684-690 N Betty Jo Drive, Fayetteville, AR 72701
Residential, Fayetteville, AR
Property Size4,096 SF
Lot Size0.30 Acres
Days on Market5
Property Features for 684-690 N Betty Jo Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 7, Bedroom 5, Bedroom 6, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 8, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 4
Parking features
Parking Lot
Patio and Porch features
Patio
Exterior features
ConcreteDriveway
Appliances
Dryer, Dishwasher, ElectricOven, ElectricWaterHeater, Microwave, Refrigerator, Washer
Subdivision
Maple Terrace Ph 2
Lot features
Cleared
Elementary school district
Fayetteville
Middle school district
Fayetteville
High school district
Fayetteville
Directions
Wedington Dr toward AR-16 West, continue onto N Shiloh Dr, turn right onto W Jewell Rd, turn left onto Betty Jo Dr, property on the left
Standard status
Pending
APN
765-07820-000
Size
4,096 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Description
003/002
Tax Annual Amount
3704
Legal Description
003/002
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
private backyard patio
Building Details
Year built
1982
Floors in Building
2
Number of units
4
Flooring type
Tile, Carpet
Building materials
Brick
Roof type
Asphalt, Shingle
Listing Agency:
Collier & Associates- Rogers Branch
(479) 274-0977
Listed By:
T Dee Whidbee · License #SA00081549
(954) 243-4668
Added: Sep 23
Changed: Sep 26
Last Checked: Sep 27 at 12:06PM
MLS# 1362973
Copyright © 2026 ArkansasONE MLS. 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 4,096-square-foot quadplex contains four two-bedroom, one-bathroom apartments, each with a private backyard patio. The brick building was constructed in 1982 and has central heating and air conditioning, a parking lot, and public water and sewer service. Three apartments were updated in 2013, with the fourth updated in 2020; HVAC systems were updated in 2019.
The property is in Fayetteville, near the University of Arkansas, with access to shopping, dining, entertainment, and other amenities. The 0.2957-acre site is at 684-690 N Betty Jo Drive.
The property is in Fayetteville, near the University of Arkansas, with access to shopping, dining, entertainment, and other amenities. The 0.2957-acre site is at 684-690 N Betty Jo Drive.
Key Highlights
- Four apartments, each with 2 bedrooms and 1 bathroom
- 4,096 square feet on a 0.2957‑acre site
- All four apartments are occupied
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,861
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied residential income property with private patio space for every apartment.
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 apartments, each with 2 bedrooms and 1 bathroom; 4,096 square feet on a 0.2957‑acre site; All four apartments are occupied
