Residential Income Property with
For Sale
$165,000
1315 N Nashville Avenue, Russellville, AR 72801
Residential, Townhouse, Russellville, AR
Property Size1,450 SF
Lot Size0.12 Acres
Price / SF$113.79
Days on Market101
Property Features for 1315 N Nashville Avenue
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 2
Interior features
Washer-Stays, Dryer-Stays, Water Heater-Electric
Appliances
Free-Standing Stove, Dishwasher, Pantry, Refrigerator-Stays
Subdivision
Metes & Bounds
Lot features
Level
Directions
Turn east off of North Arkansas Ave onto L Street then left on University Drive, left on Nashville and Condo is on the left.
Standard status
Active
Size
1,450 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 8 Blk 4 Univ Estates
Tax Annual Amount
826
HOA Fee
$69 Monthly
Legal Description
Lot 8 Blk 4 Univ Estates
Building Details
Year built
1987
Floors in Building
2
Flooring type
Laminate, Vinyl
Roof type
Composition
Architectural style
Other
Listing Agency:
ERA TEAM Real Estate · ERA Real Estate
(501) 327-6731
Listed By:
Lisa Ferguson · License #SA00053540
(479) 970-8325
Added: Jul 1
Changed: Oct 8
Last Checked: Oct 9 at 1:06PM
MLS# 26026570
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 residential income property offers 1,450 square feet with three bedrooms and two bathrooms. The interior includes vinyl and laminate flooring, a pantry, an electric water heater, and a kitchen equipped with a free-standing stove, dishwasher, and refrigerator. The washer and dryer remain with the property, along with select furnishings. Built in 1987, the residence has received updates over the past few years and sits on a 0.12-acre lot.
The property is in Russellville near Arkansas Tech University and Arkansas Nuclear One, with restaurants, shopping, and medical facilities also located minutes away. The residence has a reported history of consistent occupancy. Showings require 24-hour notice.
The property is in Russellville near Arkansas Tech University and Arkansas Nuclear One, with restaurants, shopping, and medical facilities also located minutes away. The residence has a reported history of consistent occupancy. Showings require 24-hour notice.
Key Highlights
- 1,450‑square‑foot residence with 3 bedrooms and 2 bathrooms
- 0.12‑acre lot in Russellville, AR 72801
- Washer, dryer, refrigerator, and select furnishings included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,670
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$173,400
$173.4K
Cap Rate 7%
$123,857
$123.9K
Cap Rate 9%
$96,333
$96.3K
Market Conditions
NOI Build-Up for 1,450 SF
Gross rent
$16.9K $11.64/SF
− Vacancy
−$1.1K −$0.77/SF
EGI
$15.8K $10.87/SF
− OpEx
−$7.1K −$4.89/SF
NOI
$8.7K $5.98/SF
Area
Pope County, AR
Vacancy
6.60%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$173,400
Cap Rate 7%
$123,857
Cap Rate 9%
$96,333
Alternative Uses
Best Use
Apartment 5plus
$123.9K
$108.4K – $144.5K
NOI $8,670 @ 7.0% cap · market cap 5.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$231.7K
$202.7K – $270.3K
NOI $16,217 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
Explore this area
Business Placement
Demographics for 72801, AR
18,510
Population
7,530
Households
2.5
Avg Household Size
29
Median Age
26%
College-Educated
82%
High-School Grad
8.0 sq mi
ZIP Area
2,314
Density / Sq Mi
$42,363
Median Household Income
$22,473
Median Earnings
$837
Median Rent
$153,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom, two-bath residence with included appliances and select furnishings near major area institutions and services.
Where is this residential income property located?
The property is located at 1315 N Nashville Avenue Russellville, AR.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: 1,450‑square‑foot residence with 3 bedrooms and 2 bathrooms; 0.12‑acre lot in Russellville, AR 72801; Washer, dryer, refrigerator, and select furnishings included
