509-515 W Spruce St, Fayetteville, AR, 72703

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509-515 W Spruce St, Fayetteville$560,000

Buyer Closing Credits

$6,650^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeQuadruplex

ParkingAssigned, Asphalt

HeatingCentral

CoolingCentral Air

MLS #1292319

Lot Size0.33 Acres

StatusActive

About 509-515 W Spruce St

Investment gem within 1 mile of U of A campus in a high-demand market with under 2% vacancy! This four-plex offers excellent value-add potential, making it an ideal choice for investors looking to maximize returns. With rental rates currently well below market value, there’s immediate upside for savvy buyers ready to reposition and increase cash flow. The location is unbeatable for student and professional renters, promising a steady occupancy and income stream. Don’t miss this rare opportunity in Fayetteville’s competitive rental market—perfect for capitalizing on rising rental trends! Taxes and legal TBD, in the process of splitting off.

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Property Details

Property Features

Property Information:

• Stories: 2
• Living Area: 3,200 SqFt

Listing Office:

• Office Name: Collier & Associates
• Office Phone: (479) 274-0662

Interior Features

Interior Information:

• Appliances: Dryer, Dishwasher, Electric Range, Gas Water Heater, Microwave, Washer
• Basement: No
• Flooring Type: Ceramic Tile, Luxury Vinyl, Luxury VinylPlank
• Interior: None

Exterior Features

Parking Information:

• Parking: Assigned, Asphalt

Lot Features

Lot Information:

• Lot: Cul-De-Sac
• Lot Size: 0.33 Acres

Utilities

Utilities Information:

• Heating: Central
• Cooling: Central Air

Other

Directions Information:

• Directions: North St. and Gregg, North to Spruce. (1 Block before Sycamore). Right to property.

Price Information

Listing Price Info

Price Summary:

• List Price: $560,000
• Price Per SqFt: $175/SqFt

HOA Fees:

• Amount: $320
• Frequency: Monthly

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Housing Market Comparison

See how this home compares to others in Fayetteville, AR.

Fayetteville, AR

City

Med. Sold Price

$379.7K

Med. Price/SqFt

$207

Avg. Days On Market

85

# of Sold Homes

107

509-515 W Spruce St vs Fayetteville

1 DAY ON ROCKET

-84 Days

$560,000

+$180.2K More

$175/SqFt

-$33 Less

KEY TAKEAWAY

This property is $180.2K more than the Median Sold Price and $33/SqFt less than other homes in Fayetteville, AR.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

• MLS Name: ARKMLS
• MLS Number: #1292319

Listing Office:

• Office Name: Collier & Associates
• Office Phone: (479) 274-0662

Disclaimer: IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2024 Northwest Arkansas Board of Realtors All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/19/2024, 10:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Property Sales & Tax

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**Disclosures

Rocket Homes›Arkansas›Washington County›Fayetteville›72703›509-515 W Spruce St

This home is located at 509-515 W Spruce St in Fayetteville, AR and zip code 72703 in the Virginia Hill neighborhood. This 3,200 square foot home sits on a 0.33 acre lot. It has been listed on Rocket Homes since November 19, 2024 and is currently priced at $560,000.

While more than 12 listings in Fayetteville, AR in October 2024 were sold above asking price, there were more than 30 listings sold at asking price, and more than 65 were sold below. In October 2024 in Fayetteville, AR there were 1.2% less homes for sale than in September 2024. In October 2024, listings were on the market for 85 days. During the same period, the median list price in this real estate market was $379,751.

From Rocket Homes Real Estate and based on county public records data.