120 S Elm Street, Jacksonville, AR 72076
MULTI_FAMILY - Jacksonville, AR
- Added:
- Jun 16, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 17 at 3:06 am
Property Features for 120 S Elm Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Appliances
- Electric Range, Electric Range
- Standard status
- Active
- Size
- 2,800 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Description
- Lot 5 Block 14
- Tax Annual Amount
- 2598
Building Details
- Year built
- 1971
- Floors in Building
- 1
- Number of units
- 7
- Flooring type
- Tile, Ceramic
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Kimberly Santos (501) 766-3749
Listing office Innovative Realty 4715 Hwy 5N, Suite 2, Bryant, AR (501) 847-4666
Listing date Jun 16, 2026
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.
HighLights
- One‑level 7‑unit apartment complex at 120 Elm Street, fully occupied with steady rental income
- Each unit has 1 bedroom, 1 bathroom, a full kitchen, and a back door
- Unit upgrades include fresh paint, tile/ceramic flooring, newer windows, and mini split units
- Year built 1971; roof type is shingle
- Appliances include electric range(s)
Overview
120 S Elm Street is located in Jacksonville, Arkansas, within convenient reach of everyday services. The property is described as being near schools, daycares, stores, and hospitals, with daily necessities accessible within a short walk or drive. The Dupree Sports Complex, playground, and skate park are also listed as about 1 mile away.
With all units currently move-in ready and fully occupied, the property may appeal to buyers seeking a turnkey, resident-ready multifamily setup. The unit mix is consistent at 1 bed/1 bath, which can simplify leasing and operations for an owner looking to manage a straightforward floor plan across the building.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.7k | $14.52 |
| − Vacancy | −$2.4k | −$0.84 |
| EGI | $38.3k | $13.68 |
| − OpEx | −$17.2k | −$6.16 |
| NOI | $21.1k | $7.52 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Jacksonville
- County
- Pulaski
- State
- Arkansas
- Longitude
- -92.109052
- Latitude
- 34.863615
