Triplex with Private
New
For Sale
$299,000
8306 Woodview Drive E, Sherwood, AR 72120
Multi-Family, Traditional, Sherwood, AR
Property Size3,158 SF
Lot Size0.28 Acres
Price / SF$94.68
Days on Market7
Property Features for 8306 Woodview Drive E
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 6, Bedroom 5, Bathroom 3, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 4
Parking features
Assigned
Appliances
Free-Standing Stove, Refrigerator-Stays, Free-Standing Stove, Refrigerator-Stays
Subdivision
North Hills Manor #2
Lot features
Level
Directions
From Downtown Little Rock, take US-67/167 N toward Sherwood/Jacksonville. Exit Brookswood/Brockington Rd. Continue to Kiehl Dr, then turn onto Woodview Dr E. Property is at 8306 Woodview Dr E.
Standard status
Active
Size
3,158 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
LOT:33 SUBD:NORTH HILLS MANOR
Tax Annual Amount
1735
Legal Description
LOT:33 SUBD:NORTH HILLS MANOR
Amenities
LVP flooring
refrigerator
range
dishwasher
central air
natural gas heat
washer/dryer connections
private back patio with storage
Wi-Fi-connected Arlo security cameras
Building Details
Year built
1974
Floors in Building
2
Number of units
3
Flooring type
Vinyl
Roof type
Shingle
Architectural style
Other
Listing Agency:
Green Realty & Associates, LLC
(501) 850-5635
Listed By:
Jade Brandon
(501) 351-0252
Added: Sep 28
Changed: Oct 1
Last Checked: Oct 4 at 6:06PM
MLS# 26039259
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 3,158-square-foot triplex, built in 1974, contains three occupied residences on a 0.28-acre lot. Each unit has vinyl plank flooring, a refrigerator, range, dishwasher, central air, natural gas heat, washer and dryer connections, a private rear patio with storage, and two parking spaces. Units A and C have recent updates; Unit B was updated before 2021.
The property is near Landers Road and Kiehl Avenue, with access to North Little Rock, Little Rock Air Force Base and I-40. Improvements include a shingle roof installed in November 2025 and exterior paint completed in July 2026. Three Wi-Fi-connected Arlo cameras are installed, and major systems receive annual maintenance.
The property is near Landers Road and Kiehl Avenue, with access to North Little Rock, Little Rock Air Force Base and I-40. Improvements include a shingle roof installed in November 2025 and exterior paint completed in July 2026. Three Wi-Fi-connected Arlo cameras are installed, and major systems receive annual maintenance.
Key Highlights
- Three‑unit property with all residences occupied
- 3,158 square feet on a 0.28‑acre lot; built in 1974
- Each unit includes a private rear patio with storage and two parking spaces
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
$26,539
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
8.88%
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%
$530,780
$530.8K
Cap Rate 7%
$379,129
$379.1K
Cap Rate 9%
$294,878
$294.9K
Market Conditions
NOI Build-Up for 3,158 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
$40.5K $12.84/SF
− Vacancy
−$2.6K −$0.83/SF
EGI
$37.9K $12.01/SF
− OpEx
−$11.4K −$3.60/SF
NOI
$26.5K $8.40/SF
Area
Pulaski County, AR
Vacancy
6.50%
Lease Rate
$12.84 /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%
$530,780
Cap Rate 7%
$379,129
Cap Rate 9%
$294,878
Alternative Uses
Best Use
Multifamily LT 5
$379.1K
$331.7K – $442.3K
NOI $26,539 @ 7.0% cap · market cap 8.88%
Second Best
Apartment 5plus
$339.4K
$297.0K – $396.0K
NOI $23,757 @ 7.0% cap · market cap 7.95%
Theoretical Best
Specialty Retail
$602.4K
$527.1K – $702.8K
NOI $42,167 @ 7.0% cap · market cap 14.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
501
Businesses Nearby
Explore this area
Business Placement
Demographics for 72120, AR
34,784
Population
15,216
Households
2.3
Avg Household Size
41
Median Age
35%
College-Educated
95%
High-School Grad
54.2 sq mi
ZIP Area
642
Density / Sq Mi
$75,853
Median Household Income
$48,453
Median Earnings
$1,026
Median Rent
$189,400
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - All three residences are occupied, and tenants pay for water, natural gas, electricity and internet.
Where is this triplex located?
The property is located at 8306 Woodview Drive E Sherwood, AR.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Three‑unit property with all residences occupied; 3,158 square feet on a 0.28‑acre lot; built in 1974; Each unit includes a private rear patio with storage and two parking spaces
