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Building Details

Year Built 2004

Listing Agency: Keller Williams Market Pro Realty

Listed By: Michelle Blanz · License #SA00092354 Show Phone

Source: Thesummithometeam

Added: Jul 29 Changed: Oct 12 Last Checked: Oct 7 at 1:42PM

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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 Keller Williams Market Pro Realty

Investment Insights

Based on property information with market context.

Built in 2004, this 2,874-square-foot duplex contains two residences, each with three bedrooms, two bathrooms, and functional layouts for everyday living. One unit is leased month-to-month, while the other is vacant and available for a new tenant or owner occupancy.

The property is located in an established Farmington neighborhood approximately 10 minutes from the University of Arkansas. Shopping, dining, parks, schools, and Fayetteville-area conveniences are identified nearby, providing access to a broad range of daily services and amenities.

Key Highlights

• 2,874‑square‑foot duplex built in 2004
• Two units, each with 3 bedrooms and 2 bathrooms
• One residence leased month‑to‑month

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,864

Cap Rate

6.03%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$517,280 $517.3K

Cap Rate 7%

$369,486 $369.5K

Cap Rate 9%

$287,378 $287.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,874 SF

Gross rent

$39.7K $13.80/SF

− Vacancy

−$2.7K −$0.94/SF

EGI

$36.9K $12.86/SF

− OpEx

−$11.1K −$3.86/SF

NOI

$25.9K $9.00/SF

Area

Washington County, AR

Vacancy

6.84%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$517,280

Cap Rate 7%

$369,486

Cap Rate 9%

$287,378

Alternative Uses

Best Use

Multifamily LT 5

$369.5K

$323.3K – $431.1K (±1% cap)

NOI $25,864 @ 7.0% cap · market cap 6.03%

Second Best

Apartment 5plus

$326.9K

$286.0K – $381.4K (±1% cap)

NOI $22,883 @ 7.0% cap · market cap 5.33%

Theoretical Best

Office A

$771.4K

$675.0K – $900.0K (±1% cap)

NOI $54,000 @ 7.0% cap · market cap 12.59%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Building Supply HVAC Service (Bike/Boat/Book/etc) Store Furniture & Home Goods Auto Repair Shop Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

319

Businesses Nearby

Explore this area Business Placement

Demographics for 72730, AR

9,624

Population

4,017

Households

2.4

Avg Household Size

36

Median Age

27%

College-Educated

91%

High-School Grad

20.8 sq mi

ZIP Area

463

Density / Sq Mi

$88,780

Median Household Income

$45,652

Median Earnings

$1,225

Median Rent

$244,900

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Well-maintained duplex with one leased residence and a second unit available for occupancy or leasing.

Where is this duplex located?

The property is located at 99 / 101 N Dakota Trl Farmington, AR.

What is the asking price?

The asking price for this property is $429,000.

What are key features of this property?

This property features: 2,874‑square‑foot duplex built in 2004; Two units, each with 3 bedrooms and 2 bathrooms; One residence leased month‑to‑month