302 / 304 Wallace Street Prairie Grove, AR $ 472,500
302 / 304 Wallace Street
$ 472,500
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302 / 304 Wallace Street

Prairie Grove, AR, 72753
$ 472,500
Baths0.0 Sq 2,392

Monthly Estimate*

$ 2,909

302 / 304 Wallace Street, Prairie Grove, AR 72753 - Image 1
302 / 304 Wallace Street, Prairie Grove, AR 72753 - Image 2
302 / 304 Wallace Street, Prairie Grove, AR 72753 - Image 3
302 / 304 Wallace Street, Prairie Grove, AR 72753 - Image 4
302 / 304 Wallace Street, Prairie Grove, AR 72753 - Image 5
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Studio

Multi-Family Home for sale in Prairie Grove, AR

for $472,500. This 2,392 square foot home was built in 2004 on a lot size of 0.43.

Investment Opportunity – 4 Units Total (Two Duplexes) Near Schools Excellent income-producing property featuring two duplex buildings (4 total units). This package deal offers strong rental potential in a desirable area with consistent tenant demand. Each duplex includes well-maintained units with functional layouts, and a dedicated storage shed for each unit. The property is ideal for investors seeking steady cash flow or those looking to expand their rental portfolio. Key Features: 4 total units (2 duplex buildings) Sold as a package deal only – units will not be sold separately Each unit comes with own storage shed Close proximity to schools and community amenities Strong rental income potential Don’t miss this opportunity to own a multi-unit property in a high-demand location!

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Multi-Family Active

Price

$ 472,500

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,247

Style

Lot Size

0.43

Year Built

2004

Town/City

Prairie Grove

County/Region

Washington

MLS | Web ID

1340148

Features
General
Heating Central Ductless Window Unit
Cooling Central Air Ductless Window Unit(s)
Roof Asphalt Fiberglass Shingle
Appliances Dryer Dishwasher Electric Range Electric Water Heater Washer
Construction Materials Vinyl Siding
Year Built 2004
Stories Count 1
Levels One
Property Subtype Duplex
Gross Income 33240
Additional Parcels Description 805-20015-001
County Washington
New Construction false
Property Type Residential
Subdivision Name Carnahans
Garage Y/N false
Status Active
Directions From I-49 head west on Hwy 62. Turn right onto Sundowner Road followed by left on E Mccormick then right on wallace. Units will be on right hand side in the Cul-de-sac
City Prairie Grove
High School District Prairie Grove
Number Of Units Total 4
Lot Size Units Acres
Carport Y/N false
Year Built Details 25 Years or older
Tax Annual Amount 2247
Virtual Tour https://tour.nwarealtors.org/302-304-Wallace-Street-Prairie-Grove-AR-72753/unbranded
Standard Status Active
Middle/Junior School District Prairie Grove
Elementary School District Prairie Grove
Tax Lot 5
Property Sub Type Additional Duplex Multi Family
Legal Description S. 120.60 FT LOT 5 BLOCK 3 & PT NW SE 0.17 AC
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Interior
Interior Amenities None
Basement Crawl Space
Flooring Tile
Basement (Y/N) false
Air Conditioning Y/N true
Heating Y/N true
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Exterior
Exterior Amenities Concrete Driveway
Fencing Partial
Parking Features Two Spaces Aggregate Driveway
Lot Features Cul-De-Sac None
Lot Size Area 0.43
Foundation Details Crawlspace Slab
Building Area Total 2392
Lot Size Acres 0.43
Covered Spaces 4
Road Frontage Type Public Road
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* Excluded Features
List By
Mathias Real Estate

Broker

clewis@mathiasproperties.com

Email

Affordability Calculator

$3,097
Per Month
94%
6%
0%
Monthly Principal & Interest
$2,909
Monthly Property Taxes
$187
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1764867 Elementary School
1764857 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/27/2026$472,500 Listed Price

Map


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302 / 304 Wallace Street, Prairie Grove, AR, 72753 is a Multi-Family Home for sale at $472,500 with 2,392 sqft and a lot size of 0.43. 302 / 304 Wallace Street is a studio with 0.0 baths and was built in 2004. The property's zip code is 72753 which is in Prairie Grove, AR