Four-Unit Multifamily
For Sale
$565,000
815 Pleasant St, Springdale, AR 72764
1980-built income property with varied floor plans and convenient access to I-49.
Property Size3,660 SF
Price / SF$154.37
Days on Market97
Property Features for 815 Pleasant St
General Information
Standard status
Active
Size
3,660 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
4
Building Details
Year Built
1980
Listing Agency:
Lindsey & Assoc Inc Branch
Listed By:
Lucirene Pinto · License #SA00089256
(479) 636-2200
Source:
Thesummithometeam
Added: Jul 13
Changed: Oct 3
Last Checked: Oct 7 at 2:10PM
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 Lindsey & Assoc Inc Branch
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit multifamily property contains 3,660 square feet and was built in 1980. The building offers a mix of floor plans across its units, providing configuration variety within a compact residential income asset.
Located at 815 Pleasant St in Springdale, the property is near major employers, shopping, and dining, with convenient access to I-49. Its four-unit layout provides an established multifamily format for an investor seeking a property in the Springdale market.
Located at 815 Pleasant St in Springdale, the property is near major employers, shopping, and dining, with convenient access to I-49. Its four-unit layout provides an established multifamily format for an investor seeking a property in the Springdale market.
Key Highlights
- Four‑unit multifamily property
- 3,660 square feet of building area
- Built in 1980
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,937
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$658,740
$658.7K
Cap Rate 7%
$470,529
$470.5K
Cap Rate 9%
$365,967
$366.0K
Market Conditions
NOI Build-Up for 3,660 SF
Gross rent
$50.5K $13.80/SF
− Vacancy
−$3.5K −$0.94/SF
EGI
$47.1K $12.86/SF
− OpEx
−$14.1K −$3.86/SF
NOI
$32.9K $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%
$658,740
Cap Rate 7%
$470,529
Cap Rate 9%
$365,967
Alternative Uses
Best Use
Multifamily LT 5
$470.5K
$411.7K – $549.0K
NOI $32,937 @ 7.0% cap · market cap 5.83%
Second Best
Apartment 5plus
$416.3K
$364.3K – $485.7K
NOI $29,142 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$982.4K
$859.6K – $1.15M
NOI $68,768 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
Explore this area
Business Placement
Demographics for 72764, AR
60,786
Population
20,781
Households
2.9
Avg Household Size
30
Median Age
20%
College-Educated
72%
High-School Grad
66.2 sq mi
ZIP Area
918
Density / Sq Mi
$61,569
Median Household Income
$34,552
Median Earnings
$984
Median Rent
$226,100
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
Frequently Asked Questions
What type of property is this?
Quadplex - 1980-built income property with varied floor plans and convenient access to I-49.
Where is this quadplex located?
The property is located at 815 Pleasant St Springdale, AR.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Four‑unit multifamily property; 3,660 square feet of building area; Built in 1980
