$300,000
SOLD JUN 12, 2025

426 E Velma Ave Springdale, AR 72764

-- Bed
-- Bath
2,512 Sq Ft
2,801 Sq Ft Lot

Recently Sold

$119 Per Sq Ft

14% Below List Price

6 Days on Market

Highlights

  • Corner Lot
  • Central Heating and Cooling System
  • Carpet
  • Property near a hospital
  • Wood Siding
  • 1-Story Property

About This Home

As of June 2025

Great investment opportunity in Springdale! This triplex on a corner lot has three 2 bed, 1 bath units. Each unit is separately metered with tenants paying all utilities. These are fully occupied with consistent rental income. Properties like this don’t come on the market often. Please do not disturb tenants. Showings available after an accepted offer.

Last Agent to Sell the Property

John Cogar

Equity Partners Realty Brokerage Phone: 479-750-9500 License #SA00056789 Listed on: 05/27/2025

Last Buyer's Agent

Daniel Rosales

Fathom Realty License #SA00083245

Fathom Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,954

Year Built

  • Built in 1987

Lot Details

  • 2,801 Sq Ft Lot
  • Corner Lot

Home Design

  • Triplex
  • Slab Foundation
  • Shingle Roof
  • Architectural Shingle Roof
  • Wood Siding

Interior Spaces

  • 2,512 Sq Ft Home
  • 1-Story Property
  • Fire and Smoke Detector

Kitchen

  • Electric Oven
  • Electric Range
  • Disposal

Flooring

  • Carpet
  • Laminate

Parking

  • Driveway
  • Assigned Parking

Location

  • Property near a hospital
  • Property is near schools
  • City Lot

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Legal Lot and Block 31 / 6

Community Details

Overview

  • 3 Units
  • Hayes First Add Subdivision

Building Details

  • Gross Income $27,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,954

Year Built

Built in 1987

Lot Details

2,801 Sq Ft Lot

Listing Details

  • Property Sub Type: Triplex
  • Prop. Type: Residential
  • Lot Size Acres: 0.0643
  • Road Frontage Type: Public Road
  • Road Surface Type: Paved
  • Subdivision Name: Hayes First Add
  • Directions: From Crossover Road turn West on Hwy 412/Robinson Ave, turn North on Powell Street, turn West on Velma Ave. Triplex is on the Northwest corner of Velma Ave and Hill Street.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1987
  • Property Sub Type Additional: Multi Family
  • Attribution Contact: 479-750-9500
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Electric Oven, Electric Range, Electric Water Heater, Disposal, Refrigerator
  • Basement YN: No
  • Flooring: Carpet, Laminate
  • Living Area: 2512.0

Exterior Features

  • Fencing: None
  • Lot Features: Central Business District, Corner Lot, City Lot
  • Disclosures: Seller Disclosure
  • Construction Type: Other, See Remarks, Wood Siding
  • Exterior Features: Concrete Driveway
  • Foundation Details: Slab
  • Roof: Architectural, Shingle

Garage/Parking

  • Parking Features: Assigned, Other, See Remarks

Utilities

  • Security: Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Near Hospital, Near Schools
  • Association #2 Fee Frequency: Monthly

Schools

  • Junior High Dist: Springdale

Lot Info

  • Additional Parcels Description: 815-22420-000

Multi Family

  • Number Of Units In Community: 3
  • Number Of Units Total: 3
  • Annual Gross Income: 27000.0

Tax Info

  • Tax Annual Amount: 1954.0
  • Tax Block: 6
  • Tax Lot: 31
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Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2025 06/12/25 Sold $300,000 -14.3% $119 / Sq Ft
06/02/2025 06/02/25 Pending -- -- --
05/27/2025 05/27/25 For Sale $350,000 -- $139 / Sq Ft
Source: Northwest Arkansas Board of REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,948 $46,310 $6,300 $40,010
2024 $1,798 $46,310 $6,300 $40,010
2023 $1,680 $46,310 $6,300 $40,010
2022 $1,527 $28,980 $2,500 $26,480
2021 $1,527 $28,980 $2,500 $26,480
2020 $1,527 $28,980 $2,500 $26,480
2019 $973 $18,470 $2,000 $16,470
2018 $973 $18,470 $2,000 $16,470
2017 $964 $18,470 $2,000 $16,470
2016 $964 $18,470 $2,000 $16,470
2015 $964 $18,470 $2,000 $16,470
2014 $1,113 $21,330 $2,500 $18,830
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1309287

Northwest Arkansas Board of REALTORS®
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