Apartment Property with
For Sale
$2,200,000
707 E Maryland, Sherwood, AR 72120
MULTI_FAMILY - Sherwood, AR
Property Size13,718 SF
Lot Size1.10 Acres
Price / SF$160.37
Days on Market53
Property Features for 707 E Maryland
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Parking features
Carport
Interior features
Washer Connection, Washer-Stays, Dryer Connection-Electric, Dryer-Stays, All Units
Exterior features
Guttering
Appliances
Built-In Stove, Electric Range, Dishwasher, Built-In Stove, Electric Range, Dishwasher
Subdivision
Spring Grove
Lot features
Level, Corner Lot
Directions
North on Hwy 107, Turn right onto E Maryland Ave, property on the left
Standard status
Active
Size
13,718 SF
Lot size
1.10 Acres
Taxes and HOA fees
Tax Description
on file
Tax Annual Amount
12815
Legal Description
on file
Amenities
in-unit washer/dryer
Building Details
Year built
1985
Floors in Building
2
Number of units
19
Flooring type
Vinyl, Tile
Roof type
Composition
Architectural style
Other
Listing Agency:
IRealty Arkansas - Sherwood
(501) 392-6298
Listed By:
Sonya Rhea
(501) 519-9373
Added: Jun 29
Changed: Aug 4
Last Checked: Aug 20 at 5:06AM
MLS# 26026228
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 apartment property includes 18 townhome units alongside a separate single-family residence. Each townhome offers two bedrooms and 1.5 baths, while the detached house contains three bedrooms and two baths. In-unit washers and dryers serve the townhome units, and the property includes carport parking, vinyl and tile flooring, composition roofing, and guttering. The improvements were built in 1985 and encompass 13,718 square feet on 1.1 acres. A new roof was installed in 2026.
Located at 707 E Maryland in Sherwood, Arkansas, the property is configured with multiple residential components and a separate house that can provide additional rental income or on-site management housing. Current financials reflect a 7.18% cap rate.
Located at 707 E Maryland in Sherwood, Arkansas, the property is configured with multiple residential components and a separate house that can provide additional rental income or on-site management housing. Current financials reflect a 7.18% cap rate.
Key Highlights
- 18 two‑bedroom, 1.5‑bath townhome units
- Separate 3‑bedroom, 2‑bath single‑family residence
- 13,718 square feet on 1.1 acres
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
$103,198
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
4.69%
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%
$2,063,960
$2.1M
Cap Rate 7%
$1,474,257
$1.5M
Cap Rate 9%
$1,146,644
$1.1M
Market Conditions
NOI Build-Up for 13,718 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
$199.2K $14.52/SF
− Vacancy
−$11.6K −$0.84/SF
EGI
$187.6K $13.68/SF
− OpEx
−$84.4K −$6.16/SF
NOI
$103.2K $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 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%
$2,063,960
Cap Rate 7%
$1,474,257
Cap Rate 9%
$1,146,644
Alternative Uses
Best Use
Apartment 5plus
$1.47M
$1.29M – $1.72M
NOI $103,198 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.62M
$2.29M – $3.05M
NOI $183,171 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
19
Residential units
Location Intelligence
Trade Area within ½ mile
261
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?
Apartment building - Multifamily property combines townhome residences with a separate house and in-unit laundry equipment.
Where is this apartment building located?
The property is located at 707 E Maryland Sherwood, AR.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 18 two‑bedroom, 1.5‑bath townhome units; Separate 3‑bedroom, 2‑bath single‑family residence; 13,718 square feet on 1.1 acres
