Building Details

Year Built 2004

Listing Agency: Century 21 Lyons & Associates Show Phone

Listed By: The Moldenhauer Group Show Phone

Source: Nwahomestore

Added: Jul 26 Changed: Oct 15 Last Checked: Oct 14 at 11:02PM

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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 Century 21 Lyons & Associates

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Investment Insights

Based on property information with market context.

Built in 2004, this duplex contains 2,874 square feet with two separate residences, each offering three bedrooms and two bathrooms. The layouts are suited to everyday residential use, and the property is described as well maintained. One unit currently has a month-to-month lease, while the other is vacant and available for a new tenant or owner occupancy.

The property is located in Farmington, approximately 10 minutes from the University of Arkansas. It is positioned in an established neighborhood near shopping, dining, parks, and schools, with access to the broader Fayetteville area. The two-unit configuration supports either continued rental use or occupancy of one residence while the other produces rental income.

Key Highlights

• Two‑unit duplex with 2,874 square feet
• Each unit includes 3 bedrooms and 2 bathrooms
• One unit 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

Current Use

Duplexes

Suggested Use

Top Pick Building Supply HVAC Service Auto Repair Shop (Bike/Boat/Book/etc) Store Furniture & Home Goods 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 - One residence is leased month-to-month while the second is vacant for tenant placement or owner use.

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: Two‑unit duplex with 2,874 square feet; Each unit includes 3 bedrooms and 2 bathrooms; One unit leased month‑to‑month