Corner-Lot
For Sale
$275,000
Conway, AR 72034, Conway, AR 72034
Multi-Family, Traditional, Conway, AR
Property Size2,548 SF
Lot Size0.35 Acres
Price / SF$107.93
Days on Market25
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
Carport
Appliances
Free-Standing Stove, Free-Standing Stove
Lot features
Level, Corner Lot
Subdivision
Robinsons Plan
Standard status
Active
Size
2,548 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Annual Amount
2153
Building Details
Year built
1957
Floors in Building
1
Number of units
2
Flooring type
Wood, Vinyl
Architectural style
Other
Listing Agency:
Coldwell Banker Heritage Homes · Coldwell Banker Real Estate
(501) 825-7500
Listed By:
Justin Wammes
(504) 284-8699
Added: Sep 22
Changed: Oct 8
Last Checked: Oct 16 at 12:06PM
MLS# 26038574
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.
Built in 1957, this duplex contains 2,548 square feet across two units. Each unit has two bedrooms and one bathroom. Wood and vinyl flooring are present, and the property includes a carport.
The 0.35-acre property occupies a corner lot in Conway and is zoned R-2A. Its address is 541 and 543 Davis Street.
The 0.35-acre property occupies a corner lot in Conway and is zoned R-2A. Its address is 541 and 543 Davis Street.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 2,548 square feet of building area
- 0.35‑acre corner lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,139
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,780
$342.8K
Cap Rate 7%
$244,843
$244.8K
Cap Rate 9%
$190,433
$190.4K
Market Conditions
NOI Build-Up for 2,548 SF
Gross rent
$26.0K $10.20/SF
− Vacancy
−$1.5K −$0.59/SF
EGI
$24.5K $9.61/SF
− OpEx
−$7.3K −$2.88/SF
NOI
$17.1K $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%
$342,780
Cap Rate 7%
$244,843
Cap Rate 9%
$190,433
Alternative Uses
Best Use
Multifamily LT 5
$244.8K
$214.2K – $285.7K
NOI $17,139 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$218.8K
$191.5K – $255.3K
NOI $15,317 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$581.2K
$508.5K – $678.0K
NOI $40,682 @ 7.0% cap · market cap 14.79%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,404
Businesses Nearby
Explore this area
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 - Two residential units each provide two bedrooms and one bathroom.
Where is this duplex located?
The property is located at Conway, 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 units, each with 2 bedrooms and 1 bathroom; 2,548 square feet of building area; 0.35‑acre corner lot
