$122,500
1646 North Double Springs Road, Fayetteville, Arkansas 72704, United States
Affordable 2BR/1BA near University of Arkansas with rental upside
2
Beds
1
Baths
918
Sq Ft
1959
Built
0.44 acres
Lot
detached carport
Garage
Walk up the covered front porch and immediately feel the character that defines this 1959 cabin: a vaulted living area with wood-frame construction and a metal roof, set on a level 0.44-acre lot along North Double Springs Road. The interior's modest footprint (918 sq ft) is accentuated by the vaulted ceiling in the main living space, creating an airy sense of openness uncommon in homes this size. Newer appliances in the compact kitchen and a straightforward floor plan make this property easy to live in as-is, while leaving room for cosmetic updates to add value.
Outside, the property’s acreage is the standout. Mature shade trees and a generous yard give children's play, gardening, or a future addition plenty of room. An 18x20 metal shed currently serves as a single detached carport and covered storage, and a 240-sqft A-frame bonus structure sits on the lot—ideal for a workshop, studio, guest suite conversion, or supplementary rental unit subject to approvals. The lot's level topography and frontage on North Double Springs Road provide uncomplicated access and clear development potential under the existing Residential-Agricultural (R-A) zoning.
Systems are simple and practical: public water and electric are available, gas is present, and the home uses ductless heating and cooling. A septic system is in place; buyers should confirm condition during inspection. The home presents an affordable entry point for owner-occupants, university-affiliated buyers, or investors targeting rental demand from the nearby University of Arkansas (approximately 4.5 miles).
From an investment perspective, recent local sales and the property's own recent transaction history support steady value retention—most comparable sales in the immediate area cluster between $115K and $130K, with a midpoint valuation near $122,500. Farmington School District schools carry strong ratings, and recreation such as Lake Wedington is within regional reach, further broadening appeal. Bring a vision for modest upgrades and you'll find a property with practical bones, flexible outbuildings, and a rare half-acre footprint so close to Fayetteville.
Wedington Woods sits on Fayetteville’s western edge with a semi-rural character that still places city amenities within reach. The property falls inside the Farmington School District, which is known locally for strong school ratings. Residents enjoy a quieter pace, larger lots, and easy access to regional recreation like Lake Wedington. Proximity to Fayetteville and the University of Arkansas keeps shopping, dining, and campus events a short drive away while preserving a country-road lifestyle.
This portion of the Fayetteville market is stable and moderately active. Area metrics show about 3 months of inventory and an average days-on-market near 45 days, which points to a balanced market—neither hyper-competitive nor buyer-heavy. Median sale prices in the local trade area sit around $150,000; single-family homes similar to this 2BR/1BA cabin have recently sold in the $115K–$130K range, supporting the valuation midpoint of $122,500. One-year appreciation is modest (roughly 5%), with a stronger five-year gain near 20%, reflecting steady, long-term demand driven in part by proximity to Fayetteville and the University of Arkansas.
For smaller, affordable single-family properties—especially those appealing to students, faculty, or small families—turnover is consistent. Rental comps suggest gross rents near $1,200/month, producing healthy cashflow potential for investors willing to manage minor updates. Low inventory and solid school ratings enhance buyer interest; however, buyers should budget for possible infrastructure updates (septic, HVAC conversion) given the home's 1959 construction. Overall, this market favors sellers slightly for well-priced, value-add opportunities and rewards buyers who can move quickly on inspections and targeted renovations.
Farmington High School
High · 4.1 mi
Farmington Junior High School
Middle
Jerry Pop Williams Elementary School
Elementary
Good regional recreation access: Lake Wedington Recreation Area is roughly 10 miles away for hiking, fishing and paddling; the University of Arkansas (4.5 miles) adds athletic and cultural amenities, and local country roads offer biking and walking routes.
1646 North Double Springs Road is a 2-bedroom, 1-bathroom cabin-style home built in 1959, offering 918 square feet of living space on a 0.44-acre lot. The property features a vaulted ceiling in the living area, newer appliances, and a covered front porch overlooking a shaded yard. An 18x20 metal shed serves as a carport, and a 240-square-foot A-frame bonus structure provides additional space for storage or potential conversion. (zillow.com)
From a valuation perspective, recent sales of similar properties in the area suggest a current fair market value between $115,000 and $130,000, with a midpoint estimate of $122,500 ($133 per square foot). The property was last sold in November 2025 for $120,000, indicating stable value retention. (zillow.com)
Location-wise, the home is situated approximately 4.5 miles from the University of Arkansas, making it an attractive option for students, faculty, or staff seeking proximity to campus. The property falls within the Farmington School District, with nearby schools such as Jerry Pop Williams Elementary School (8/10), Farmington Junior High School (7/10), and Farmington High School (8/10), enhancing its appeal to families. (zillow.com)
The market conditions in the area are stable, with a median sale price of $150,000, average days on market of 45 days, and a 5-year appreciation rate of 20%. The property's proximity to the university and local amenities contributes to consistent demand. (zillow.com)
Overall, this property represents an affordable opportunity in a growing area, with potential for rental income or owner occupancy. The bonus A-frame structure offers flexibility for various uses, and the property's location near educational institutions and recreational areas adds to its desirability.
Affordable cabin-style home near University of Arkansas with additional structure offers potential for rental income or owner occupancy in a stable market.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$115K
Midpoint
$123K
High
$130K
$133/SF estimated price per square foot
Sales comparison approach using recent sales of similar properties in the area. Adjusted for size, condition, and lot size. Income approach supports estimated rent of $1,200/month, yielding a GRM of ~10.4x.
As of 2026-03-06
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Area experiencing steady growth due to proximity to Fayetteville and University of Arkansas. Walkability Rating estimate: 20/100.
Proximity to University of Arkansas and Farmington schools enhances rental potential. Nearby Lake Wedington offers recreational opportunities.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$131/SF
Sold after listing at $149,900
$109/SF
Public records sale
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