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    Duplex Investment Portfolio in Conway Title is generated by Realmo AI

    Oliver-Bradley 3 Duplexes, Conway, AR 72034

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    For Sale
    $649,000

    MULTI_FAMILY - Conway, AR

    Property size:
    5,372 SF
    Price / SF:
    $120/SF
    Added:
    Feb 23, 2026
    Days on Market:
    88
    Last Refresh:
    May 22 at 1:06 pm

    Property Features for Oliver-Bradley 3 Duplexes

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    12
    Bathrooms
    6
    Rooms
    Bedroom 4, Bedroom 12, Bathroom 1, Bathroom 5, Bedroom 3, Bathroom 3, Bedroom 10, Bathroom 2, Bedroom 2, Bedroom 5, Bedroom 6, Bedroom 7, Bedroom 1, Bedroom 9, Bathroom 4, Bathroom 6, Bedroom 8, Bedroom 11
    Interior features
    Washer Connection, Dryer Connection-Gas, Dryer Connection-Electric, Hot Water Heater-Gas, Hot Water Heater-Electric, Fan - Ceiling
    Appliances
    Free-Standing Stove, Electric Range, Dishwasher, Free-Standing Stove, Electric Range, Dishwasher
    Standard status
    Active
    Size
    5,372 SF

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    PT 13,14,15 BLK49 ROBINSONS PL
    Tax Annual Amount
    3244

    Building Details

    Floors in Building
    1
    Number of units
    6
    Flooring type
    Vinyl, Carpet - Full, Carpet - Partial, Tile
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Mitch Hart
    Mitch Hart

    Listing agent Mitch Hart License #PB00043809

    Listing office Dunaway and Hart, Inc. 575 Harkrider, AR

    Listing date Feb 23, 2026

    MLS# 26007091 Listing URL

    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.

    HighLights

    • Investment portfolio of 3 duplex properties.
    • All six units are fully occupied.
    • Located in the thriving Conway, Arkansas housing market.
    • Includes six 2‑bedroom, 1‑bath units.
    • Two duplexes located side‑by‑side in Downtown Conway.
    • Includes appliances: Free‑Standing Stove, Electric Range, Dishwasher.

    Overview

    This investment package features three duplex properties located in Conway, Arkansas. The properties comprise a total of six units, each with two bedrooms and one bathroom, and are fully occupied. Two duplexes are situated side-by-side on Oliver Street in Downtown Conway. These duplexes were built around 1982 and have a total area of 1,880 square feet each. The third duplex is located on Bradley Circle in East Conway and was built around 1986 with a total area of 1,612 square feet. The combined area of all properties is 5,372 square feet. This portfolio presents an investment opportunity in the Conway housing market.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $401.5K
    NOI $36,135 @ 9.00% cap · cautious / downside scenario
    Moderate
    $516.2K
    NOI $36,135 @ 7.00% cap · market / base-case scenario
    Aggressive
    $722.7K
    NOI $36,135 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $54.8k $10.20
    − Vacancy −$3.2k −$0.59
    EGI $51.6k $9.61
    − OpEx −$15.5k −$2.88
    NOI $36.1k $6.73
    5,372 SF · lease $10.20/SF/yr · vacancy 5.79% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $516.2K
    $451.7K – $602.3K (±1% cap)
    NOI $36,135 @ 7.0% cap · market cap 5.57%
    Second Best
    Apartment 5plus
    $461.3K
    $403.7K – $538.2K (±1% cap)
    NOI $32,294 @ 7.0% cap · market cap 4.98%
    Theoretical Best
    Office A
    $1.23M
    $1.07M – $1.43M (±1% cap)
    NOI $85,771 @ 7.0% cap · market cap 13.22%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Conway
    County
    Faulkner
    State
    Arkansas
    Longitude
    -92.4422563
    Latitude
    35.0859048

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    FAQs

    What type of property is this?
    Duplex - Three duplexes, six units, fully occupied in Conway, Arkansas.
    Where is this duplex located?
    The property is located at Oliver-Bradley 3 Duplexes Conway, AR.
    What is the asking price?
    The asking price for this property is $649,000.
    What are key features of this property?
    This property features: Investment portfolio of 3 duplex properties.; All six units are fully occupied.; Located in the thriving Conway, Arkansas housing market.
    (501) 626-2121
    We can help!
    Listing Contact
    Mitch Hart
    Mitch Hart
    Real Estate License ID: PB00043809
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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