Brick Duplex With Attached
For Sale
$285,000
2507 Jill Circle, Springdale, AR 72762
MULTI_FAMILY - Springdale, AR
Property Size1,952 SF
Lot Size0.30 Acres
Price / SF$146
Days on Market94
Property Features for 2507 Jill Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 1, Bedroom 2
Parking features
Garage
Exterior features
ConcreteDriveway
Appliances
GasWaterHeater
Subdivision
Neff Sub Ph V
Lot features
Cleared, Level
Directions
From I-49 Exit 73 (Elm Spring) - Head east - Turn left on Thomas - Left on Jill - Duplex on the left.
Standard status
Active
APN
815-23869-000
Size
1,952 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Description
Block 1 lot 17 of Neff S/D Phase V
Tax Annual Amount
1426
Legal Description
Block 1 lot 17 of Neff S/D Phase V
Utilities
Heating system
Central, Natural Gas
Cooling system
Central Air, Electric
Building Details
Year built
1975
Floors in Building
1
Number of units
2
Flooring type
Carpet, Tile
Building materials
Brick
Roof type
Shingle, Asphalt
Listing Agency:
Realty Concepts
(479) 521-8970
Listed By:
Trent Ward · License #SA00060525
(479) 521-8970
Added: May 20
Changed: Aug 1
Last Checked: Aug 21 at 2:06PM
MLS# 1348165
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 brick duplex features two-bedroom, one-bath units on each side. Each unit has its own one-car attached garage, and both sides are currently rented on month-to-month leases. Interior finishes include carpet and tile flooring. The home is served by central heating with natural gas and central air with electric cooling, and a gas water heater is included.
Exterior features include a concrete driveway, and the roof is shingle/asphalt. Built in 1975, the property totals 1,952 square feet on a 0.3037-acre lot.
The layout supports either an owner-occupant use or continued rental occupancy, with each side operating independently under month-to-month terms.
Exterior features include a concrete driveway, and the roof is shingle/asphalt. Built in 1975, the property totals 1,952 square feet on a 0.3037-acre lot.
The layout supports either an owner-occupant use or continued rental occupancy, with each side operating independently under month-to-month terms.
Key Highlights
- Two‑bedroom, one‑bath units on each side
- Both sides rented on month‑to‑month leases
- One‑car attached garages for each unit
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
$17,567
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
6.16%
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%
$351,340
$351.3K
Cap Rate 7%
$250,957
$251.0K
Cap Rate 9%
$195,189
$195.2K
Market Conditions
NOI Build-Up for 1,952 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
$26.9K $13.80/SF
− Vacancy
−$1.8K −$0.94/SF
EGI
$25.1K $12.86/SF
− OpEx
−$7.5K −$3.86/SF
NOI
$17.6K $9.00/SF
Area
Washington County, AR
Vacancy
6.84%
Lease Rate
$13.80 /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%
$351,340
Cap Rate 7%
$250,957
Cap Rate 9%
$195,189
Alternative Uses
Best Use
Multifamily LT 5
$251.0K
$219.6K – $292.8K
NOI $17,567 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$222.0K
$194.3K – $259.0K
NOI $15,542 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$523.9K
$458.5K – $611.3K
NOI $36,676 @ 7.0% cap · market cap 12.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
245
Businesses Nearby
Explore this area
Business Placement
Demographics for 72762, AR
42,175
Population
17,270
Households
2.4
Avg Household Size
36
Median Age
33%
College-Educated
85%
High-School Grad
58.1 sq mi
ZIP Area
726
Density / Sq Mi
$80,678
Median Household Income
$42,066
Median Earnings
$1,118
Median Rent
$278,600
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 - Brick duplex with two-bedroom, one-bath units on month-to-month leases and one-car attached garages on each side.
Where is this duplex located?
The property is located at 2507 Jill Circle Springdale, AR.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Two‑bedroom, one‑bath units on each side; Both sides rented on month‑to‑month leases; One‑car attached garages for each unit
