Four-Unit Residential Income
For Sale
$625,000
815 Pleasant Street, Springdale, AR 72764
MULTI_FAMILY - Springdale, AR
Property Size3,660 SF
Lot Size0.33 Acres
Price / SF$170.77
Days on Market95
Property Features for 815 Pleasant Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Window features
Blinds
Interior features
CeilingFans, EatInKitchen, WindowTreatments
Exterior features
ConcreteDriveway, GravelDriveway
Appliances
Dishwasher, ElectricRange, ElectricWaterHeater, Microwave, RangeHood, PlumbedForIceMaker
Subdivision
County Court
Lot features
Sloped
Directions
From Highway 71, go West on Backus, South on Pleasant, property on East side.
Standard status
Active
APN
815-27995-000
Size
3,660 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Description
PT LOT 9 E1/2 NE .33 A. FURTHER DESCRIBED FROM 2012-22849 AS: PART OF THE EAST HALF OF THE NORTHEAST QUARTER OF SECTION 35, TOWNSHIP 18 NORTH, RANGE 30 WEST, MORE PARTICULARLY DESCRIBED AS FOLLOWS, TO-WIT: BEGINNING AT A POINT 1307.28 FEET NORTH OF T HE S
Tax Annual Amount
4066
Legal Description
PT LOT 9 E1/2 NE .33 A. FURTHER DESCRIBED FROM 2012-22849 AS: PART OF THE EAST HALF OF THE NORTHEAST QUARTER OF SECTION 35, TOWNSHIP 18 NORTH, RANGE 30 WEST, MORE PARTICULARLY DESCRIBED AS FOLLOWS, TO-WIT: BEGINNING AT A POINT 1307.28 FEET NORTH OF T HE S
Utilities
Heating system
Natural Gas
Cooling system
Central Air, Window Unit(s)
Building Details
Year built
1980
Floors in Building
2
Number of units
4
Flooring type
Vinyl, Tile
Building materials
Brick
Roof type
Shingle
Listing Agency:
Lindsey & Assoc Inc Branch
(479) 636-2200
Listed By:
Lucirene Pinto · License #SA00089256
(616) 780-3565
Added: Apr 28
Changed: Jul 28
Last Checked: Jul 31 at 11:06AM
MLS# 1344605
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 turnkey four-unit residential income property is configured as a 4-plex with four units that feature a variety of layouts. The offering includes a total property size of 3,660 square feet situated on a 0.33-acre lot at 815 Pleasant Street.
Located in Springdale in Washington County, the property is described as being near major employers, shopping, and dining, with quick access to I-49. The surrounding area is presented as a rental-focused corridor within the Springdale market.
For investors and buyers, the four separate units provide a built-in multi-unit structure for rental operations, portfolio building, or an owner-occupant strategy. The varied unit layouts can support a tenant mix across different household needs, while the low-maintenance orientation and functional floor plans are intended to support day-to-day manageability. If you’re looking for a residential income asset in Springdale, this 4-plex offers a complete, ready-to-deploy configuration for rental management.
Located in Springdale in Washington County, the property is described as being near major employers, shopping, and dining, with quick access to I-49. The surrounding area is presented as a rental-focused corridor within the Springdale market.
For investors and buyers, the four separate units provide a built-in multi-unit structure for rental operations, portfolio building, or an owner-occupant strategy. The varied unit layouts can support a tenant mix across different household needs, while the low-maintenance orientation and functional floor plans are intended to support day-to-day manageability. If you’re looking for a residential income asset in Springdale, this 4-plex offers a complete, ready-to-deploy configuration for rental management.
Key Highlights
- 4‑plex multifamily property built in 1980
- Brick construction with a shingle roof
- Natural gas heating with central air plus window unit(s) for cooling
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.5k | $13.80 |
| − Vacancy | −$3.5k | −$0.94 |
| EGI | $47.1k | $12.86 |
| − OpEx | −$14.1k | −$3.86 |
| NOI | $32.9k | $9.00 |
3,660 SF · lease $13.80/SF/yr · vacancy 6.84% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$470.5K
$411.7K – $549.0K
NOI $32,937 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$416.3K
$364.3K – $485.7K
NOI $29,142 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$982.4K
$859.6K – $1.15M
NOI $68,768 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
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
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 - Turnkey four-plex with varied unit layouts in Springdale, positioned for convenient access to I-49.
Where is this quadplex located?
The property is located at 815 Pleasant Street Springdale, AR.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 4‑plex multifamily property built in 1980; Brick construction with a shingle roof; Natural gas heating with central air plus window unit(s) for cooling
