Two-Unit
For Sale
$130,000
224 & 226 E J Street, Russellville, AR 72801
Residential, Russellville, AR
Property Size1,357 SF
Lot Size0.13 Acres
Price / SF$95.80
Days on Market34
Property Features for 224 & 226 E J Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 3
Exterior features
GravelDriveway, UnpavedDriveway
Appliances
ExhaustFan, ElectricRange, GasRange, GasWaterHeater, Refrigerator, RangeHood
Subdivision
RSVL By Sections
Lot features
City Lot, Near Park, Subdivision
Elementary school district
Russellville
Middle school district
Russellville
High school district
Russellville
Directions
From downtown, take Hwy 7/Arkansas Ave North. Turn right (east) onto E J Street. Continue approximately 0.2-mile, property will be on your right. Look for sign.
Standard status
Active
APN
851-00139-000R
Size
1,357 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Description
See Exhibit A - Legal Description
Tax Annual Amount
495
Legal Description
See Exhibit A - Legal Description
Utilities
Heating system
Natural Gas
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1945
Floors in Building
1
Number of units
2
Flooring type
Simulatedwood, Carpet, Laminate
Building materials
VinylSiding
Roof type
Fiberglass, Shingle
Listing Agency:
River Valley Realty, Inc
(479) 968-6260
Listed By:
Josh Stroud · License #EB00078166
(479) 970-0702
Added: Jul 30
Changed: Aug 28
Last Checked: Sep 1 at 12:06AM
MLS# 1358991
Copyright © 2026 ArkansasONE MLS. 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 duplex contains two rental units within 1,357 square feet on a 0.13-acre parcel. The property was built in 1945 and features vinyl siding, shingle and fiberglass roofing, laminate, simulated wood, and carpet flooring. Interior improvements include electric and gas ranges, refrigerators, range hoods, exhaust fans, and a gas water heater. Central air and electric cooling complement the natural-gas heating system.
Located at 224 & 226 E J Street in Russellville, the property is near Arkansas Tech University, shopping, dining, and everyday amenities. A gravel and unpaved driveway provides on-site access, while public water serves the property.
Located at 224 & 226 E J Street in Russellville, the property is near Arkansas Tech University, shopping, dining, and everyday amenities. A gravel and unpaved driveway provides on-site access, while public water serves the property.
Key Highlights
- Two rental units totaling 1,357 square feet
- 0.13‑acre parcel in Russellville
- Built in 1945 with vinyl siding
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
$9,081
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
6.99%
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%
$181,620
$181.6K
Cap Rate 7%
$129,729
$129.7K
Cap Rate 9%
$100,900
$100.9K
Market Conditions
NOI Build-Up for 1,357 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
$13.8K $10.20/SF
− Vacancy
−$868 −$0.64/SF
EGI
$13.0K $9.56/SF
− OpEx
−$3.9K −$2.87/SF
NOI
$9.1K $6.69/SF
Area
Pope County, AR
Vacancy
6.27%
Lease Rate
$10.20 /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%
$181,620
Cap Rate 7%
$129,729
Cap Rate 9%
$100,900
Alternative Uses
Best Use
Multifamily LT 5
$129.7K
$113.5K – $151.4K
NOI $9,081 @ 7.0% cap · market cap 6.99%
Second Best
Apartment 5plus
$115.9K
$101.4K – $135.2K
NOI $8,114 @ 7.0% cap · market cap 6.24%
Theoretical Best
Office A
$216.8K
$189.7K – $253.0K
NOI $15,177 @ 7.0% cap · market cap 11.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
664
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Established residential income property with central air, natural-gas heating, and public water service.
Where is this duplex located?
The property is located at 224 & 226 E J Street Russellville, AR.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Two rental units totaling 1,357 square feet; 0.13‑acre parcel in Russellville; Built in 1945 with vinyl siding
