Duplex With Mostly Updated
For Sale
$305,000
600 Jill Circle, Springdale, AR 72762
MULTI_FAMILY - Springdale, AR
Property Size1,984 SF
Lot Size0.34 Acres
Price / SF$153.73
Days on Market94
Property Features for 600 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 Springs) - Head East - turn left of Thomas - Left on Jill Circle - Duplex on the left
Standard status
Active
APN
815-23868-000
Size
1,984 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Description
Lot 16 block 1 of Neff S/D Phase V
Tax Annual Amount
1460
Legal Description
Lot 16 block 1 of Neff S/D Phase V
Utilities
Heating system
Central, Natural Gas
Cooling system
Central Air, Electric
Building Details
Year built
1973
Floors in Building
1
Number of units
2
Flooring type
Vinyl
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 4:06AM
MLS# 1348155
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 at 600 Jill Circle in Springdale, AR offers two sides with separate interior updates. One side has been mostly updated with new cabinets and flooring, while the other side has newer flooring. The home includes vinyl flooring and a brick exterior, supported by central natural gas heat and central air with electric cooling. A gas water heater and asphalt shingle roof are included. Parking is available with a garage and a concrete driveway.
The property sits on a 0.3356-acre lot and was built in 1973. The listed room layout includes bedrooms and bathrooms on both sides (Bathroom 1, Bedroom 1, and Bedroom 2). A new roof is planned for 2026.
The property sits on a 0.3356-acre lot and was built in 1973. The listed room layout includes bedrooms and bathrooms on both sides (Bathroom 1, Bedroom 1, and Bedroom 2). A new roof is planned for 2026.
Key Highlights
- New roof planned for 2026
- One side mostly updated with new cabinets and flooring; the other side has newer flooring
- Brick construction with vinyl flooring
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
$17,855
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
5.85%
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%
$357,100
$357.1K
Cap Rate 7%
$255,071
$255.1K
Cap Rate 9%
$198,389
$198.4K
Market Conditions
NOI Build-Up for 1,984 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
$27.4K $13.80/SF
− Vacancy
−$1.9K −$0.94/SF
EGI
$25.5K $12.86/SF
− OpEx
−$7.7K −$3.86/SF
NOI
$17.9K $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%
$357,100
Cap Rate 7%
$255,071
Cap Rate 9%
$198,389
Alternative Uses
Best Use
Multifamily LT 5
$255.1K
$223.2K – $297.6K
NOI $17,855 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$225.7K
$197.5K – $263.3K
NOI $15,797 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$532.5K
$466.0K – $621.3K
NOI $37,278 @ 7.0% cap · market cap 12.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
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
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with central natural gas heat and central air, plus a mostly updated side with newer flooring and cabinets.
Where is this duplex located?
The property is located at 600 Jill Circle Springdale, AR.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: New roof planned for 2026; One side mostly updated with new cabinets and flooring; the other side has newer flooring; Brick construction with vinyl flooring
