Two-Unit
For Sale
$269,500
Conway, AR 72034, Conway, AR 72034
Multi-Family, Ranch, Conway, AR
Property Size2,208 SF
Lot Size0.40 Acres
Price / SF$122.06
Days on Market150
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 3
Parking features
Carport
Patio and Porch features
Patio
Interior features
Washer Connection, Dryer Connection-Electric, Hot Water Heater-Gas, Closet - Walk In, Fan - Ceiling, Some Units
Exterior features
Partially Fenced, Patio
Fencing
Partial
Appliances
Free-Standing Stove, Disposal, Ice Maker Connection, Free-Standing Stove, Disposal, Ice Maker Connection
Lot features
Level, Corner Lot
Subdivision
Fiddlers
Standard status
Active
Size
2,208 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1960
Amenities
laundry room
patio area
Building Details
Year built
1940
Floors in Building
1
Number of units
2
Flooring type
Wood, Vinyl
Roof type
Flat, Composition
Architectural style
Ranch
Listing Agency:
Salter Real Estate, Inc.
(501) 327-6681
Listed By:
Reda Salter
(501) 450-0903
Added: May 20
Changed: Oct 13
Last Checked: Oct 16 at 12:06PM
MLS# 26021063
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.
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Investment Insights
Based on property information with market context.
This 1940 duplex contains 2,208 square feet across two apartments on a 0.4-acre lot. One unit has two bedrooms and two bathrooms; the other has one bedroom and one bathroom. Each apartment has its own gas service and furnace. The units share a laundry room and gas water heater, while the washer and dryer belong to one tenant. A patio is shared by both apartments, and a partially fenced yard is also present.
The property is being sold in its current condition. The two-bedroom apartment needs interior paint, a cookstove and a dishwasher. The one-bedroom apartment has a cookstove and refrigerator but no dishwasher. Water and sewer are supplied through one meter, with the owner paying the bill.
The property is being sold in its current condition. The two-bedroom apartment needs interior paint, a cookstove and a dishwasher. The one-bedroom apartment has a cookstove and refrigerator but no dishwasher. Water and sewer are supplied through one meter, with the owner paying the bill.
Key Highlights
- Two apartments with a combined 2,208 square feet
- 0.4‑acre lot
- Unit mix: one 2‑bedroom, 2‑bath apartment and one 1‑bedroom, 1‑bath apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,852
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,040
$297.0K
Cap Rate 7%
$212,171
$212.2K
Cap Rate 9%
$165,022
$165.0K
Market Conditions
NOI Build-Up for 2,208 SF
Gross rent
$22.5K $10.20/SF
− Vacancy
−$1.3K −$0.59/SF
EGI
$21.2K $9.61/SF
− OpEx
−$6.4K −$2.88/SF
NOI
$14.9K $6.73/SF
Area
Faulkner County, AR
Vacancy
5.79%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,040
Cap Rate 7%
$212,171
Cap Rate 9%
$165,022
Alternative Uses
Best Use
Multifamily LT 5
$212.2K
$185.7K – $247.5K
NOI $14,852 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$189.6K
$165.9K – $221.2K
NOI $13,273 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$503.6K
$440.7K – $587.6K
NOI $35,253 @ 7.0% cap · market cap 13.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,640
Businesses Nearby
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Business Placement
Demographics for 72034, AR
47,873
Population
22,523
Households
2.1
Avg Household Size
33
Median Age
44%
College-Educated
94%
High-School Grad
47.9 sq mi
ZIP Area
999
Density / Sq Mi
$61,675
Median Household Income
$40,511
Median Earnings
$993
Median Rent
$250,000
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 - The apartments offer a two-bedroom, two-bath layout and a separate one-bedroom, one-bath configuration.
Where is this duplex located?
The property is located at Conway, AR.
What is the asking price?
The asking price for this property is $269,500.
What are key features of this property?
This property features: Two apartments with a combined 2,208 square feet; 0.4‑acre lot; Unit mix: one 2‑bedroom, 2‑bath apartment and one 1‑bedroom, 1‑bath apartment
