Renovated Four-Home
For Sale
$414,700
102 Cross Street, Jacksonville, AR 72076
Multi-Family, Traditional, Ranch, Bungalow/Cottage, Jacksonville, AR
Property Size3,606 SF
Lot Size0.52 Acres
Price / SF$115
Days on Market93
Property Features for 102 Cross Street
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Bedrooms
11
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 11, Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 8, Bedroom 9, Bedroom 7, Bedroom 10, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 6, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 2
Parking features
Carport
Appliances
Free-Standing Stove, Free-Standing Stove
Subdivision
Sunny Side
Lot features
Level
Elementary school
Jacksonville
Middle school
Jacksonville
High school
Jacksonville
Directions
MAIN TO GRAHAM TO CROSS
Standard status
Active
Size
3,606 SF
Lot size
0.52 Acres
Taxes and HOA fees
Tax Description
see deeds
Tax Annual Amount
1505
Legal Description
see deeds
Building Details
Year built
1945
Floors in Building
1
Number of units
4
Flooring type
Vinyl
Roof type
Shingle
Architectural style
Bungalow, Other, Ranch
Listing Agency:
Aclin Realty
(479) 430-9334
Listed By:
Caroline McGowan
(501) 352-5012
Added: Jun 8
Changed: Sep 6
Last Checked: Sep 8 at 9:06PM
MLS# 26022935
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property is a package of four completely renovated homes in the Sunnyside addition of Jacksonville, Arkansas. The package totals 3,606 square feet on a 0.52-acre lot, with a year built of 1945. Interior finishes include vinyl flooring, and the homes feature free-standing stoves. Parking is provided via carport(s). The room mix lists 11 bedrooms and 5 bathrooms across the package.
Conveniently located just out the front gate of the Little Rock Air Force Base, the homes are described as being off 1-57. The property is also noted as being on a bus route for commuting and access to public and private amenities.
The package configuration can be useful for an investor or operator seeking multiple renovated residential units under one ownership structure, with bedroom and bath counts that support a variety of household sizes.
Conveniently located just out the front gate of the Little Rock Air Force Base, the homes are described as being off 1-57. The property is also noted as being on a bus route for commuting and access to public and private amenities.
The package configuration can be useful for an investor or operator seeking multiple renovated residential units under one ownership structure, with bedroom and bath counts that support a variety of household sizes.
Key Highlights
- Package of 4 completely renovated homes in Sunnyside addition
- 3,606 square feet total on a 0.52‑acre lot
- 11 bedrooms and 5 bathrooms across the package
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,127
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$542,540
$542.5K
Cap Rate 7%
$387,529
$387.5K
Cap Rate 9%
$301,411
$301.4K
Market Conditions
NOI Build-Up for 3,606 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$52.4K $14.52/SF
− Vacancy
−$3.0K −$0.84/SF
EGI
$49.3K $13.68/SF
− OpEx
−$22.2K −$6.16/SF
NOI
$27.1K $7.52/SF
Area
Pulaski County, AR
Vacancy
5.80%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$542,540
Cap Rate 7%
$387,529
Cap Rate 9%
$301,411
Alternative Uses
Best Use
Apartment 5plus
$387.5K
$339.1K – $452.1K
NOI $27,127 @ 7.0% cap · market cap 6.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$687.8K
$601.9K – $802.5K
NOI $48,149 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
278
Businesses Nearby
Explore this area
Business Placement
Demographics for 72076, AR
38,443
Population
17,780
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
90%
High-School Grad
72.7 sq mi
ZIP Area
529
Density / Sq Mi
$53,048
Median Household Income
$36,189
Median Earnings
$917
Median Rent
$155,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Package of four completely renovated homes with carport parking, including vinyl flooring and shingle roofing.
Where is this multifamily property located?
The property is located at 102 Cross Street Jacksonville, AR.
What is the asking price?
The asking price for this property is $414,700.
What are key features of this property?
This property features: Package of 4 completely renovated homes in Sunnyside addition; 3,606 square feet total on a 0.52‑acre lot; 11 bedrooms and 5 bathrooms across the package
