New Construction Duplex with
For Sale
$380,000
409 & 411 E Center Street, Jacksonville, AR 72076
Multi-Family, Traditional, Jacksonville, AR
Property Size2,718 SF
Lot Size0.18 Acres
Price / SF$139.81
Days on Market57
Property Features for 409 & 411 E Center Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 1, Bathroom 2, Bedroom 6, Bathroom 3, Bedroom 4, Bedroom 2, Bathroom 6, Bedroom 3, Bedroom 5, Bathroom 4, Bathroom 1, Bathroom 5
Parking features
Garage
Patio and Porch features
Porch
Interior features
Washer Connection, Dryer Connection-Electric, Hot Water Heater-Electric, Smoke Detector, Breakfast Bar, Closet - Walk In, Fan - Ceiling, Primary Bedroom with Bath
Exterior features
Fully Fenced, Guttering, Porch
Fencing
Full
Appliances
Free-Standing Stove, Microwave, Electric Range, Dishwasher, Disposal, Ice Maker Connection, Free-Standing Stove, Microwave, Electric Range, Dishwasher, Disposal, Ice Maker Connection
Subdivision
THE WRIGLEY PLACE ADDITION
Lot features
Level, Cleared, In Subdivision
Elementary school
Jacksonville
Middle school
Jacksonville
High school
Jacksonville
Directions
Coming from Little Rock, take I-57 to Exit 9 for Main Street and take a Right onto Main Street. Follow Main Street all the way until it ends at Elm Street. Turn L and you will see the first of these buildings on the R. Turn R at Center to its end.
Standard status
Active
Size
2,718 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 8
Tax Annual Amount
15
Legal Description
Lot 8
Amenities
hall laundry
Building Details
Year built
2026
Floors in Building
2
Number of units
2
Flooring type
Vinyl
Roof type
Shingle
Architectural style
Other
Listing Agency:
Fathom Realty Central
(888) 455-6040
Listed By:
Miekka Maile
(501) 941-8830
Added: Jul 20
Changed: Sep 12
Last Checked: Sep 14 at 10:06AM
MLS# 26029330
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 under-construction duplex is designed as two three-bedroom residences, each with 2 1/2 bathrooms and 1,359 square feet. The all-brick-and-stone building provides a one-car garage for each unit, with direct entry to the lower-level living area and an adjacent half bath. Upstairs, each residence includes a rear primary bedroom with an ensuite bath and walk-in closet, two additional bedrooms, an intermediate bathroom, and hall laundry connections. Luxury vinyl flooring is planned throughout, while kitchens include electric ranges, microwaves, dishwashers, disposals, and ice-maker connections.
The property encompasses 0.18 acres at 409 & 411 E Center Street in Jacksonville, Arkansas. Exterior features include full fencing, gutters, and porches. Construction is identified for 2026, with electric water heaters, ceiling fans, smoke detectors, and walk-in storage included among the listed features.
The property encompasses 0.18 acres at 409 & 411 E Center Street in Jacksonville, Arkansas. Exterior features include full fencing, gutters, and porches. Construction is identified for 2026, with electric water heaters, ceiling fans, smoke detectors, and walk-in storage included among the listed features.
Key Highlights
- Two‑unit duplex with 2,718 square feet under construction
- Each unit includes 3 bedrooms and 2 1/2 bathrooms
- One‑car garage provided for each residence
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
$22,841
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
6.01%
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%
$456,820
$456.8K
Cap Rate 7%
$326,300
$326.3K
Cap Rate 9%
$253,789
$253.8K
Market Conditions
NOI Build-Up for 2,718 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
$34.9K $12.84/SF
− Vacancy
−$2.3K −$0.83/SF
EGI
$32.6K $12.01/SF
− OpEx
−$9.8K −$3.60/SF
NOI
$22.8K $8.40/SF
Area
Pulaski County, AR
Vacancy
6.50%
Lease Rate
$12.84 /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%
$456,820
Cap Rate 7%
$326,300
Cap Rate 9%
$253,789
Alternative Uses
Best Use
Multifamily LT 5
$326.3K
$285.5K – $380.7K
NOI $22,841 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$292.1K
$255.6K – $340.8K
NOI $20,447 @ 7.0% cap · market cap 5.38%
Theoretical Best
Specialty Retail
$518.5K
$453.7K – $604.9K
NOI $36,292 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
344
Businesses Nearby
Explore this area
Business Placement
Demographics for 72076, AR
38,443
Population
17,780
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
90%
High-School Grad
72.7 sq mi
ZIP Area
529
Density / Sq Mi
$53,048
Median Household Income
$36,189
Median Earnings
$917
Median Rent
$155,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences feature half baths, upstairs bedroom suites, laundry connections, porches, and one-car garages.
Where is this duplex located?
The property is located at 409 & 411 E Center Street Jacksonville, AR.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,718 square feet under construction; Each unit includes 3 bedrooms and 2 1/2 bathrooms; One‑car garage provided for each residence
