Updated Duplex with Two
New
For Sale
$350,000
707 S 7th Street, Rogers, AR 72756
Residential, Rogers, AR
Property Size1,777 SF
Lot Size0.15 Acres
Price / SF$196.96
Days on Market4
Property Features for 707 S 7th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 3, Bedroom 4
Parking features
On Street
Exterior features
GravelDriveway
Appliances
ElectricCooktop, ElectricWaterHeater, Disposal, Microwave, SmoothCooktop, TrashCompactor
Subdivision
Duckworths Add Rogers
Lot features
Central Business District, Cleared, City Lot, Industrial Park, Near Park
Directions
From 71 Business and 8th St, go east on Oak St, turn left on 7th St. House is on the right side.
Standard status
Active
APN
02-04027-000
Size
1,777 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Description
W 122' L 21/3
Tax Annual Amount
2069
Legal Description
W 122' L 21/3
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1965
Floors in Building
1
Number of units
2
Flooring type
Carpet, Wood, Tile
Building materials
WoodSiding
Roof type
Asphalt, Shingle
Listing Agency:
Fathom Realty
(479) 381-0550
Listed By:
Nora Merlos · License #SA00075199
(479) 276-2195
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 22 at 7:06PM
MLS# 1359477
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 duplex contains 1,777 square feet arranged as two separate residences. The front home includes three bedrooms and two bathrooms, while the rear home provides two bedrooms and one full bathroom. Improvements include a roof approximately one year old, new siding, replacement windows, HVAC, and a water heater. Interior finishes include carpet, wood, and tile flooring, with central heating and central air conditioning.
The property occupies 0.15 acres at 707 S 7th Street in Rogers, Arkansas. Parking is available on the street, and the site has a gravel driveway. Its location places the property near downtown Rogers, restaurants, shops, parks, and trails.
The property occupies 0.15 acres at 707 S 7th Street in Rogers, Arkansas. Parking is available on the street, and the site has a gravel driveway. Its location places the property near downtown Rogers, restaurants, shops, parks, and trails.
Key Highlights
- Two separate residences within a 1,777‑square‑foot duplex
- Front home with 3 bedrooms and 2 bathrooms
- Rear home with 2 bedrooms and 1 full bathroom
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
$16,220
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
4.63%
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%
$324,400
$324.4K
Cap Rate 7%
$231,714
$231.7K
Cap Rate 9%
$180,222
$180.2K
Market Conditions
NOI Build-Up for 1,777 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
$24.5K $13.80/SF
− Vacancy
−$1.4K −$0.76/SF
EGI
$23.2K $13.04/SF
− OpEx
−$7.0K −$3.91/SF
NOI
$16.2K $9.13/SF
Area
Benton County, AR
Vacancy
5.51%
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%
$324,400
Cap Rate 7%
$231,714
Cap Rate 9%
$180,222
Alternative Uses
Best Use
Multifamily LT 5
$231.7K
$202.8K – $270.3K
NOI $16,220 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$206.8K
$180.9K – $241.2K
NOI $14,473 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$488.3K
$427.3K – $569.7K
NOI $34,183 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,223
Businesses Nearby
Explore this area
Business Placement
Demographics for 72756, AR
41,875
Population
17,225
Households
2.4
Avg Household Size
37
Median Age
24%
College-Educated
86%
High-School Grad
129.9 sq mi
ZIP Area
322
Density / Sq Mi
$70,900
Median Household Income
$37,510
Median Earnings
$914
Median Rent
$243,000
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?
Duplex - Two separately configured residences offer flexible owner-occupant or rental use near downtown Rogers.
Where is this duplex located?
The property is located at 707 S 7th Street Rogers, AR.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two separate residences within a 1,777‑square‑foot duplex; Front home with 3 bedrooms and 2 bathrooms; Rear home with 2 bedrooms and 1 full bathroom
