505 3Rd Ave Conway, AR ^$ 235,000

505 3Rd Ave

^$ 235,000

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505 3Rd Ave

Conway, AR, 72032

^$ 235,000

Studio Baths0.0 Sq 2,176

Monthly Estimate*

^$ 1,484

Studio

Multi-Family Home for sale in Conway, AR

for $235,000. This 2,176 square foot home was built in 2018 on a lot size of 0.16.

This well-located duplex features 3 bedrooms and 2 bathrooms on each side and is already tenant-occupied, offering immediate rental income. Conveniently located near Downtown, the community center, shopping, restaurants, and everyday amenities, with an easy commute to surrounding areas. A great opportunity to add a solid income-producing property to your portfolio!

Multi-Family Contingent

Price

^$ 235,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 2,320

Style

Traditional

Lot Size

0.16

Year Built

2018

Town/City

Conway

County/Region

Faulkner

MLS | Web ID

26035899

Features

General

Heating Central Cool-Electric Central Heat-Electric

Utilities Sewer-Public Water-Public Electric-Municipal

Roof Architectural Shingle

Garage Parking Pads Four Car or More

Zoning Residentia

Year Built 2018

Tenant Pays All Utilities

Subdivision HAYS ADD AR

Style Traditional

Stories Count One Story

County Faulkner

Class Multi-Family

Type Duplex

Tax Year 2025

Inside City Limits Yes

Status Under Con. Before Listed

Sale/Rent For Sale

Status Detail 1

Docs on File None

Primary City Conway

Directions Heading North on I-40 take exit 127 and turn left onto Oak Street. Turn left onto 3rd Ave. Destination will be on the right.

City Conway

DOM 0

Postal Code 72032

Price Per Sq Ft Total AG 108

Public Remarks This well-located duplex features 3 bedrooms and 2 bathrooms on each side and is already tenant-occupied offering immediate rental income. Conveniently located near Downtown the community center shop

Exterior

Exterior Brick

Road Surface Paved

Foundation Slab

Lot Size Area 0.16

Lot Dimensions 50x140x50x139

Lot Level In Subdivision

Interior

Floors Concrete

Total Number of Units 2

1 Bed Units 0

2 Bed Units 0

3 Bed Units 2

* Excluded Features

List By

Yolanda Hervey

Listing Agent

Nelson & Associates

Broker

yolanda.hervey@icloud.com

Affordability Calculator

$1,677

Per Month

Monthly Principal & Interest: $1,484
Monthly Property Taxes: $193
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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

Trends
Schools

Multi-family listings in Conway, AR

Average List Price ^$510,285

Percent of Sale Price 117%

About Conway, AR

65,599 Population

50% Since 2002

^$47,567 Median Income

30.93 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

886427 Elementary School

886671 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/2/2026	$235,000		Listed Price

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505 3Rd Ave, Conway, AR, 72032 is a Multi-Family Home for sale at $235,000 with 2,176 sqft and a lot size of 0.16. 505 3Rd Ave is a studio with 0.0 baths and was built in 2018. The property's zip code is 72032 which is in Conway, AR

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Cooperative Arkansas REALTORS Multiple Listing Services, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 9/5/2026.

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505 3Rd Ave

Multi-Family Home for sale in Conway, AR

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