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Remodeled Duplex with Parking
For Sale
$195,000

708 S 3rd Street, Paragould, AR 72450

Multi-Family, Traditional, Paragould, AR

Property Size1,470 SF
Lot Size0.16 Acres
Price / SF$132.65
Days on Market57

Property Features for 708 S 3rd Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Interior features Hot Water Heater-Electric, Smoke Detector, Fan - Ceiling
Appliances Microwave, Electric Range, Refrigerator-Stays, Microwave, Electric Range, Refrigerator-Stays
Subdivision Witherington & Bray
Lot features Level, In Subdivision
Elementary school Paragould
Middle school Paragould
High school Paragould
Directions Hwy 412 East, right onto S. 3rd Street, duplex sits on right
Standard status Active
APN 1716-00024-000
Size 1,470 SF
Lot size 0.16 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description See Agent Remarks
Tax Annual Amount 293
Legal Description See Agent Remarks

Building Details

Floors in Building 1
Number of units 2
Flooring type Vinyl
Roof type Metal
Architectural style Other
Listing Agency: Weichert Realtors, Home Source
Listed By: Kimberly Davis
Added: Jul 26 Changed: Sep 3 Last Checked: Sep 20 at 12:06PM
MLS# 26030375

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 1,470-square-foot duplex includes two separately configured residences: one with two bedrooms and the other with three. The property was remodeled from the studs, with engineer-approved firewalls and city-approved permits and inspections. Interior features include vinyl flooring, electric water heating, ceiling fans, smoke detectors, and kitchens equipped with electric ranges, microwaves, and refrigerators.

Located at 708 S 3rd Street in Paragould, the property occupies 0.16 acres and provides parking at the front of the building as well as through alley access. Each residence has separate electric and garbage service. Water and sewer are landlord-paid through a single water meter, with space available for an additional meter. Both units are currently rented.

Key Highlights

  • 1,470‑square‑foot duplex on 0.16 acres
  • Two‑bedroom unit paired with a three‑bedroom unit
  • Rebuilt from the studs with engineer‑approved firewalls

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Kitchen & Bath Showroom Barber Shop (Bike/Boat/Book/etc) Store Cafe & Coffee Shop HVAC Service Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

712
Businesses Nearby

Demographics for 72450, AR

39,945
Population
16,784
Households
2.4
Avg Household Size
38
Median Age
17%
College-Educated
88%
High-School Grad
285.3 sq mi
ZIP Area
140
Density / Sq Mi
$56,390
Median Household Income
$37,008
Median Earnings
$865
Median Rent
$169,100
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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two leased units offer separate electric and garbage service, with water and sewer handled by the landlord.
Where is this duplex located?
The property is located at 708 S 3rd Street Paragould, AR.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 1,470‑square‑foot duplex on 0.16 acres; Two‑bedroom unit paired with a three‑bedroom unit; Rebuilt from the studs with engineer‑approved firewalls
More about this property
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