Two-Unit Duplex with Covered
For Sale
$275,000
905 W Myrtle St, Cabot, AR 72023
Two-bedroom, two-bathroom units feature tiled flooring and high-efficiency Trane HVAC equipment.
Property Size1,950 SF
Price / SF$141.03
Days on Market15
Property Features for 905 W Myrtle St
General Information
Standard status
Active
Size
1,950 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$112
Amenities
covered front and back porches
Building Details
Buildings
1
Listing Agency:
Arkansas Homes & Land
(501) 941-0994
Listed By:
Rhonda Gibson
(501) 605-2640
Source:
Exprealty
Added: Oct 21
Changed: Nov 1
Last Checked: Nov 3 at 11:07AM
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 Arkansas Homes & Land
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Investment Insights
Based on property information with market context.
This duplex contains two 2-bedroom, 2-bathroom units, with a combined property size of 1,950 square feet. Interior details include 9-foot ceilings, tiled floors throughout, and high-efficiency Trane HVAC units. Covered porches are positioned at both the front and rear of the building.
Key Highlights
- Two 2‑bedroom, 2‑bathroom units
- 1,950 square feet
- 9‑foot ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,799
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,980
$356.0K
Cap Rate 7%
$254,271
$254.3K
Cap Rate 9%
$197,767
$197.8K
Market Conditions
NOI Build-Up for 1,950 SF
Gross rent
$26.9K $13.80/SF
− Vacancy
−$1.5K −$0.76/SF
EGI
$25.4K $13.04/SF
− OpEx
−$7.6K −$3.91/SF
NOI
$17.8K $9.13/SF
Area
Lonoke County, AR
Vacancy
5.51%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,980
Cap Rate 7%
$254,271
Cap Rate 9%
$197,767
Alternative Uses
Best Use
Multifamily LT 5
$254.3K
$222.5K – $296.7K
NOI $17,799 @ 7.0% cap · market cap 6.47%
Second Best
Apartment 5plus
$225.2K
$197.0K – $262.7K
NOI $15,761 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$397.0K
$347.4K – $463.2K
NOI $27,792 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
712
Businesses Nearby
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Business Placement
Demographics for 72023, AR
37,321
Population
14,901
Households
2.5
Avg Household Size
38
Median Age
25%
College-Educated
94%
High-School Grad
98.2 sq mi
ZIP Area
380
Density / Sq Mi
$76,157
Median Household Income
$45,363
Median Earnings
$978
Median Rent
$202,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom, two-bathroom units feature tiled flooring and high-efficiency Trane HVAC equipment.
Where is this duplex located?
The property is located at 905 W Myrtle St Cabot, AR.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two 2‑bedroom, 2‑bathroom units; 1,950 square feet; 9‑foot ceilings
