Two-Unit Duplex on Corner
For Sale
$159,000
820 & 822 Pine St, Conway, AR 72032
Occupied residential income property with two units, each offering two bedrooms and one bathroom.
Property Size1,664 SF
Lot Size0.23 Acres
Price / SF$95.55
Days on Market84
Property Features for 820 & 822 Pine St
General Information
Standard status
Active
Size
1,664 SF
Lot size
0.23 Acres
Property subtype
Multi-Family
Occupancy
100%
Property Condition
Severity
Repairs Needed
Evidence
could use some TLC
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1961
Listing Agency:
Moore and Co. Realtors
Listed By:
Brett Bolin · License #SA00093720
(479) 968-3300
Source:
Pcsingtolittlerock
Added: Jul 25
Changed: Sep 5
Last Checked: Oct 7 at 5:24PM
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 Moore and Co. Realtors
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Investment Insights
Based on property information with market context.
This duplex contains two approximately 832-square-foot residences within a 1,664-square-foot property. Each unit includes two bedrooms and one bathroom, and both are currently occupied. The building dates to 1961 and is situated on a 0.23-acre corner lot. Updates are needed, offering an opportunity to improve the existing units over time. The roof was replaced in 2023.
The property is located near Hendrix College and downtown Conway, with shopping, dining, and other local amenities in the surrounding area. Its two-unit configuration and existing occupancy provide a straightforward format for residential income ownership, subject to the condition and management of the individual units.
The property is located near Hendrix College and downtown Conway, with shopping, dining, and other local amenities in the surrounding area. Its two-unit configuration and existing occupancy provide a straightforward format for residential income ownership, subject to the condition and management of the individual units.
Key Highlights
- Two‑unit duplex with approximately 1,664 SF total
- Two approximately 832‑square‑foot units
- Each unit has 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,193
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,860
$223.9K
Cap Rate 7%
$159,900
$159.9K
Cap Rate 9%
$124,367
$124.4K
Market Conditions
NOI Build-Up for 1,664 SF
Gross rent
$17.0K $10.20/SF
− Vacancy
−$983 −$0.59/SF
EGI
$16.0K $9.61/SF
− OpEx
−$4.8K −$2.88/SF
NOI
$11.2K $6.73/SF
Area
Faulkner County, AR
Vacancy
5.79%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,860
Cap Rate 7%
$159,900
Cap Rate 9%
$124,367
Alternative Uses
Best Use
Multifamily LT 5
$159.9K
$139.9K – $186.6K
NOI $11,193 @ 7.0% cap · market cap 7.04%
Second Best
Apartment 5plus
$142.9K
$125.0K – $166.7K
NOI $10,003 @ 7.0% cap · market cap 6.29%
Theoretical Best
Office A
$379.5K
$332.1K – $442.8K
NOI $26,568 @ 7.0% cap · market cap 16.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,494
Businesses Nearby
Explore this area
Business Placement
Demographics for 72032, AR
34,316
Population
14,255
Households
2.4
Avg Household Size
35
Median Age
27%
College-Educated
94%
High-School Grad
114.5 sq mi
ZIP Area
300
Density / Sq Mi
$61,452
Median Household Income
$36,877
Median Earnings
$976
Median Rent
$183,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Occupied residential income property with two units, each offering two bedrooms and one bathroom.
Where is this duplex located?
The property is located at 820 & 822 Pine St Conway, AR.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: Two‑unit duplex with approximately 1,664 SF total; Two approximately 832‑square‑foot units; Each unit has 2 bedrooms and 1 bathroom
