Remodeled Duplex with Private Fenced
For Sale
$240,000
1117-1119 Ruth Ann Drive, Jacksonville, AR 72076
MULTI_FAMILY - Jacksonville, AR
Property Size1,796 SF
Lot Size0.05 Acres
Price / SF$133.63
Days on Market74
Property Features for 1117-1119 Ruth Ann Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 5, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 1
Interior features
Washer Connection, Dryer Connection-Electric
Appliances
Electric Range, Dishwasher, Disposal, Refrigerator-Stays, Electric Range, Dishwasher, Disposal, Refrigerator-Stays
Subdivision
Brairfield Section 3
Lot features
Level
Directions
From US-67/167 take the Main Street exit into Jacksonville, continue north on Main Street, turn onto Ruth Ann Drive, and property will be located on the left.
Standard status
Active
APN
12J0590203500
Size
1,796 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Sec-Twp-Rng: 28-3N-10W
Tax Annual Amount
981
Legal Description
Sec-Twp-Rng: 28-3N-10W
Amenities
refrigerator
stove
dishwasher
private fenced backyard
in-unit washer/dryer hookups
Building Details
Year built
2003
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Tile
Roof type
Shingle
Architectural style
Contemporary
Listing Agency:
Capital Real Estate Advisors
(501) 420-4097
Listed By:
Sergio Convers · License #PB00059330
(501) 266-0007
Added: May 31
Changed: Aug 4
Last Checked: Aug 12 at 5:06PM
MLS# 26021814
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.
1117-1119 Ruth Ann Drive is a remodeled duplex built in 2003 offering two independently set up units with private outdoor space. Both sides are currently leased. Interior updates include fully updated, easy-care tile flooring throughout (no carpet).
Each unit has move-in ready kitchens equipped with a refrigerator, stove, and dishwasher, plus in-unit washer and dryer hookups. The layout also provides dedicated storage elements, including a pantry and separate linen closet in Unit 1117, along with a spacious walk-in closet in the master bedroom for Unit 1119.
Unit 1117 features 3 bedrooms and 2 full bathrooms and totals 1,080 square feet. Unit 1119 features 2 bedrooms and 1 full bathroom and totals 717 square feet. Both units also have their own separate, gated, and privacy-fenced backyard.
The property includes 1,796 square feet total on a 0.05-acre lot and has a shingle roof.
Each unit has move-in ready kitchens equipped with a refrigerator, stove, and dishwasher, plus in-unit washer and dryer hookups. The layout also provides dedicated storage elements, including a pantry and separate linen closet in Unit 1117, along with a spacious walk-in closet in the master bedroom for Unit 1119.
Unit 1117 features 3 bedrooms and 2 full bathrooms and totals 1,080 square feet. Unit 1119 features 2 bedrooms and 1 full bathroom and totals 717 square feet. Both units also have their own separate, gated, and privacy-fenced backyard.
The property includes 1,796 square feet total on a 0.05-acre lot and has a shingle roof.
Key Highlights
- Both sides are currently leased, supporting immediate day‑one occupancy
- Remodeled interior with tile flooring throughout, no carpet
- Each unit has a separate, gated, privacy‑fenced backyard
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
$15,093
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
6.29%
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%
$301,860
$301.9K
Cap Rate 7%
$215,614
$215.6K
Cap Rate 9%
$167,700
$167.7K
Market Conditions
NOI Build-Up for 1,796 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
$23.1K $12.84/SF
− Vacancy
−$1.5K −$0.83/SF
EGI
$21.6K $12.01/SF
− OpEx
−$6.5K −$3.60/SF
NOI
$15.1K $8.40/SF
Area
Pulaski County, AR
Vacancy
6.50%
Lease Rate
$12.84 /SF/Yr
Expense Ratio
30.00%
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%
$301,860
Cap Rate 7%
$215,614
Cap Rate 9%
$167,700
Alternative Uses
Best Use
Multifamily LT 5
$215.6K
$188.7K – $251.6K
NOI $15,093 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$193.0K
$168.9K – $225.2K
NOI $13,511 @ 7.0% cap · market cap 5.63%
Theoretical Best
Specialty Retail
$342.6K
$299.8K – $399.7K
NOI $23,981 @ 7.0% cap · market cap 9.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
44
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?
Duplex - Remodeled duplex with both sides leased, updated tile flooring, and each unit featuring a gated, privacy-fenced backyard.
Where is this duplex located?
The property is located at 1117-1119 Ruth Ann Drive Jacksonville, AR.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Both sides are currently leased, supporting immediate day‑one occupancy; Remodeled interior with tile flooring throughout, no carpet; Each unit has a separate, gated, privacy‑fenced backyard
