Golf Course View
New
For Sale
$294,000
9 Caddy Cove, Maumelle, AR 72113
Residential, Traditional, Townhouse, Maumelle, AR
Property Size2,181 SF
Lot Size0.16 Acres
Price / SF$134.80
Days on Market1
Property Features for 9 Caddy Cove
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Laundry Room, Great Room, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2
Parking features
Garage, Open
Patio and Porch features
Deck
Interior features
Wet Bar, Dryer Connection-Gas, Dryer Connection-Electric, Water Heater-Gas, Whirlpool/Hot Tub/Spa, Smoke Detector(s), Window Treatments, Walk-In Closet(s), Ceiling Fan(s), Walk-in Shower, Breakfast Bar, Kit Counter-Quartz
Exterior features
Deck, Guttering, Lawn Sprinkler
Fireplace
1
Appliances
Built-In Stove, Microwave, Electric Range, Dishwasher, Disposal, Trash Compactor, Refrigerator-Stays, Ice Maker Connection
Subdivision
FIRST FAIRWAY ADDN
Lot features
Level, Cul-de-sac, Golf Course Frontage, Cleared, Extra Landscaping, In Subdivision, Golf View
Directions
Maumelle Blvd to Odom South, Left on Club Manor, Right on Par Drive, Right on Sand Trap, Left on Caddy Cove
Standard status
Active
Size
2,181 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
Lot 12R
Tax Annual Amount
1547
Legal Description
Lot 12R
Amenities
gas log fireplace
wet bar
deck
breakfast bar
bay windows
composite decking
laundry room
Building Details
Year built
1986
Floors in Building
2
Flooring type
Tile, Carpet, Wood
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
Gloria Rand Realty, Inc.
(501) 851-3399
Listed By:
Linda Peterson
(501) 351-3353
Added: Aug 21
Last Checked: Aug 21 at 11:06PM
MLS# 26034223
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 2,181-square-foot duplex residence, built in 1986, offers three bedrooms, two bathrooms, and a layout with distinct living and private spaces. The great room combines hardwood flooring, a vaulted ceiling, a corner gas-log fireplace, and a wet bar. The kitchen includes quartz countertops, updated appliances, a breakfast bar, an eat-in area, and a bay-windowed dining space. The primary suite features a vaulted ceiling, deck access, dual vanities, a separate shower, a large tub, and two walk-in closets. A large laundry room, mixed tile, carpet, and wood flooring, vinyl siding, gutters, and a sprinkler system complete the improvements.
The 0.16-acre property is positioned on a quiet cul-de-sac with views across the #5 green and fairway at Maumelle Country Club Golf Course. Side and rear composite decks with ornamental railings create multiple outdoor seating areas, while garage and open parking are provided. The property is located in Maumelle, Arkansas, within Pulaski County.
The 0.16-acre property is positioned on a quiet cul-de-sac with views across the #5 green and fairway at Maumelle Country Club Golf Course. Side and rear composite decks with ornamental railings create multiple outdoor seating areas, while garage and open parking are provided. The property is located in Maumelle, Arkansas, within Pulaski County.
Key Highlights
- 2,181‑square‑foot duplex residence on a 0.16‑acre lot
- Views of the #5 green and fairway at Maumelle Country Club Golf Course
- Three bedrooms and two bathrooms with a separated primary suite
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
$18,329
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
6.23%
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%
$366,580
$366.6K
Cap Rate 7%
$261,843
$261.8K
Cap Rate 9%
$203,656
$203.7K
Market Conditions
NOI Build-Up for 2,181 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
$28.0K $12.84/SF
− Vacancy
−$1.8K −$0.83/SF
EGI
$26.2K $12.01/SF
− OpEx
−$7.9K −$3.60/SF
NOI
$18.3K $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%
$366,580
Cap Rate 7%
$261,843
Cap Rate 9%
$203,656
Alternative Uses
Best Use
Multifamily LT 5
$261.8K
$229.1K – $305.5K
NOI $18,329 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$234.4K
$205.1K – $273.5K
NOI $16,407 @ 7.0% cap · market cap 5.58%
Theoretical Best
Specialty Retail
$416.0K
$364.0K – $485.4K
NOI $29,122 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
183
Businesses Nearby
Explore this area
Business Placement
Demographics for 72113, AR
25,930
Population
12,260
Households
2.1
Avg Household Size
38
Median Age
46%
College-Educated
96%
High-School Grad
26.3 sq mi
ZIP Area
986
Density / Sq Mi
$72,054
Median Household Income
$46,212
Median Earnings
$1,084
Median Rent
$275,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Three-bedroom residence with a quartz-updated kitchen, vaulted ceilings, multiple decks, and a gas-log fireplace.
Where is this duplex located?
The property is located at 9 Caddy Cove Maumelle, AR.
What is the asking price?
The asking price for this property is $294,000.
What are key features of this property?
This property features: 2,181‑square‑foot duplex residence on a 0.16‑acre lot; Views of the #5 green and fairway at Maumelle Country Club Golf Course; Three bedrooms and two bathrooms with a separated primary suite
