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1900 Dave Ward Dr - Dave Ward Duplexes 8 Unit Apartment Building Offered at $1,367,680 CAD at a 8.44% Cap Rate Conway, AR 72034



Executive Summary
Rare opportunity to acquire a scaled multifamily portfolio in one of Central Arkansas’ most active retail and growth corridors. This offering consists of four duplexes (8 total units) located along Dave Ward Drive, a primary east-west thoroughfare in Conway with strong traffic counts, retail density, and continued development momentum.
The portfolio provides investors with immediate cash flow and operational efficiency through clustered assets in a highly desirable rental submarket. Tenants benefit from proximity to major employers, national retailers, the University of Central Arkansas, and Conway’s primary commercial corridor, supporting consistent demand and long-term occupancy stability.
Investment Highlights:
Portfolio sale: 4 duplexes | 8 total units
Located on Dave Ward Drive – a high-growth corridor
Strong rental demand with proximity to retail, dining, and employment
Operational efficiencies with clustered assets
Value-add upside through rent growth and management improvements
Ideal for investors seeking scale in a single acquisition
This is a rare chance to acquire a well-positioned multifamily portfolio in a supply-constrained and expanding market.
Contact broker for rent roll, financials, and additional information.
The portfolio provides investors with immediate cash flow and operational efficiency through clustered assets in a highly desirable rental submarket. Tenants benefit from proximity to major employers, national retailers, the University of Central Arkansas, and Conway’s primary commercial corridor, supporting consistent demand and long-term occupancy stability.
Investment Highlights:
Portfolio sale: 4 duplexes | 8 total units
Located on Dave Ward Drive – a high-growth corridor
Strong rental demand with proximity to retail, dining, and employment
Operational efficiencies with clustered assets
Value-add upside through rent growth and management improvements
Ideal for investors seeking scale in a single acquisition
This is a rare chance to acquire a well-positioned multifamily portfolio in a supply-constrained and expanding market.
Contact broker for rent roll, financials, and additional information.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$127,993
|
$11.98
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$127,993
|
$11.98
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$12,598
|
$1.18
|
| Net Operating Income |
$115,395
|
$10.80
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $127,993 |
| Annual Per SF | $11.98 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $127,993 |
| Annual Per SF | $11.98 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $12,598 |
| Annual Per SF | $1.18 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $115,395 |
| Annual Per SF | $10.80 |
Property Facts
| Price | $1,367,680 CAD | Property Type | Multifamily |
| Price Per Unit | $170,960 CAD | Building Size | 10,680 SF |
| Sale Type | Investment | Average Occupancy | 88% |
| Cap Rate | 8.44% | No. Stories | 2 |
| No. Units | 8 | Year Built/Renovated | 1974/2023 |
| Price | $1,367,680 CAD |
| Price Per Unit | $170,960 CAD |
| Sale Type | Investment |
| Cap Rate | 8.44% |
| No. Units | 8 |
| Property Type | Multifamily |
| Building Size | 10,680 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built/Renovated | 1974/2023 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1.5 | 8 | $1,641 CAD | 1,335 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
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1900 Dave Ward Dr - Dave Ward Duplexes
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