Apartment Buildings With Fourplex
For Sale
$1,195,000
310 Jefferson ST, Alma, AR 72921
Multifamily, Alma, AR
Property Size7,984 SF
Lot Size0.24 Acres
Price / SF$149.67
Days on Market37
Property Features for 310 Jefferson ST
General Information
Property type
Residential Multi Family
Property subtype
Other
Window features
Vinyl Frames
Subdivision
Alma Original
Lot features
Cleared, Level
Elementary school
Alma
Middle school
Alma
High school
Alma
Elementary school district
Alma
Middle school district
Alma
High school district
Alma
Directions
From the Alma exit (exit 1B) go right, proceed through the red-light, continue straight towards Alma High School, Turn right onto Jefferson.
Standard status
Active
APN
710-00262-000-C
Size
7,984 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Description
06-09-30
Tax Annual Amount
5568
Legal Description
06-09-30
Utilities
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Building Details
Year built
2015
Floors in Building
2
Number of units
8
Flooring type
Tile - Ceramic, Laminate
Roof type
Shingle
Listing Agency:
Keller Williams Platinum Realty · Keller Williams Realty
(479) 434-3000
Listed By:
Laura McLean · License #SA00081842
(479) 434-3000
Added: Jul 20
Changed: Aug 19
Last Checked: Aug 25 at 10:06PM
MLS# 1090509
Copyright © 2026 Western River Valley Board of REALTORS®. 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 multifamily property includes two fourplex buildings with a combined 7,984 square feet and eight rental units. Constructed in 2015, the buildings feature modern interiors with ceramic tile and laminate flooring, along with central electric heating and central air conditioning. Shingle roofing supports the established building improvements.
The property occupies 0.24 acres at 310 Jefferson ST in Alma, Arkansas, with tenant parking provided on site. Its eight-unit configuration offers a compact multifamily layout with consistent construction across both buildings.
The property occupies 0.24 acres at 310 Jefferson ST in Alma, Arkansas, with tenant parking provided on site. Its eight-unit configuration offers a compact multifamily layout with consistent construction across both buildings.
Key Highlights
- Two fourplex buildings totaling 8 units
- 7,984 square feet of multifamily improvements
- Built in 2015
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
$49,111
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
4.11%
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%
$982,220
$982.2K
Cap Rate 7%
$701,586
$701.6K
Cap Rate 9%
$545,678
$545.7K
Market Conditions
NOI Build-Up for 7,984 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
$95.8K $12.00/SF
− Vacancy
−$6.5K −$0.82/SF
EGI
$89.3K $11.18/SF
− OpEx
−$40.2K −$5.03/SF
NOI
$49.1K $6.15/SF
Area
Crawford County, AR
Vacancy
6.80%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
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%
$982,220
Cap Rate 7%
$701,586
Cap Rate 9%
$545,678
Alternative Uses
Best Use
Apartment 5plus
$701.6K
$613.9K – $818.5K
NOI $49,111 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,152 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
299
Businesses Nearby
Explore this area
Business Placement
Demographics for 72921, AR
13,770
Population
5,287
Households
2.6
Avg Household Size
39
Median Age
22%
College-Educated
91%
High-School Grad
88.9 sq mi
ZIP Area
155
Density / Sq Mi
$68,302
Median Household Income
$44,259
Median Earnings
$963
Median Rent
$185,800
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?
Apartment building - Newer construction offers modern rental units with ceramic tile, laminate flooring, and central electric heating and cooling.
Where is this apartment building located?
The property is located at 310 Jefferson ST Alma, AR.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Two fourplex buildings totaling 8 units; 7,984 square feet of multifamily improvements; Built in 2015
