All-Brick Duplex on Corner
For Sale
$284,000
607 & 609 Lenora Street, Jacksonville, AR 72076
MULTI_FAMILY - Jacksonville, AR
Property Size1,985 SF
Lot Size0.16 Acres
Price / SF$143.07
Days on Market98
Property Features for 607 & 609 Lenora Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Interior features
Washer Connection, Dryer Connection-Electric, Primary Bedroom with Bath
Appliances
Free-Standing Stove, Dishwasher, Free-Standing Stove, Dishwasher
Subdivision
West Jacksonville #1
Lot features
Level, Corner Lot, In Subdivision
High school
Jacksonville
Directions
From Little Rock: Take US-67/167 North.Take Exit 9 (Jacksonville) then turn right onto W Main St. Go about 1/2 mile then turn near the Nixon Library area
Standard status
Active
Size
1,985 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 40/Block 0
Tax Annual Amount
2385
Legal Description
Lot 40/Block 0
Building Details
Year built
2024
Floors in Building
1
Number of units
2
Flooring type
Laminate
Roof type
Shingle
Architectural style
Other
Listing Agency:
IRealty Arkansas - Sherwood
(501) 392-6298
Listed By:
Brenda Garcia
(501) 316-8340
Added: May 2
Changed: Jul 29
Last Checked: Aug 7 at 9:06AM
MLS# 26017671
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 all-brick duplex offers two separate residential units in a single property configuration. The home is situated on a corner lot and includes two bedrooms and two bathrooms in each unit, with its own dedicated laundry room. Each unit also features an open kitchen and living layout designed to create a more spacious feel within the living areas. A large parking pad on-site provides room for up to four vehicles.
The property is located at 607 & 609 Lenora Street in Jacksonville, Arkansas 72076, within Pulaski County. The listing notes convenient access, including quick highway access.
As a for-sale residential income property, this duplex may appeal to owners seeking flexibility to occupy one unit while renting the other, or to investors looking for a two-unit setup. With separate unit layouts and on-site parking for multiple vehicles, the property supports straightforward residential tenancy and day-to-day convenience for occupants.
The property is located at 607 & 609 Lenora Street in Jacksonville, Arkansas 72076, within Pulaski County. The listing notes convenient access, including quick highway access.
As a for-sale residential income property, this duplex may appeal to owners seeking flexibility to occupy one unit while renting the other, or to investors looking for a two-unit setup. With separate unit layouts and on-site parking for multiple vehicles, the property supports straightforward residential tenancy and day-to-day convenience for occupants.
Key Highlights
- All‑brick duplex, offering durability and low maintenance.
- Each unit has 2 bedrooms and 2 bathrooms, providing comfortable living spaces.
- Each unit includes its own laundry room**, adding convenience for tenants or owners.
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
$16,682
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
5.87%
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%
$333,640
$333.6K
Cap Rate 7%
$238,314
$238.3K
Cap Rate 9%
$185,356
$185.4K
Market Conditions
NOI Build-Up for 1,985 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
$25.5K $12.84/SF
− Vacancy
−$1.7K −$0.83/SF
EGI
$23.8K $12.01/SF
− OpEx
−$7.1K −$3.60/SF
NOI
$16.7K $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%
$333,640
Cap Rate 7%
$238,314
Cap Rate 9%
$185,356
Alternative Uses
Best Use
Multifamily LT 5
$238.3K
$208.5K – $278.0K
NOI $16,682 @ 7.0% cap · market cap 5.87%
Second Best
Apartment 5plus
$213.3K
$186.7K – $248.9K
NOI $14,933 @ 7.0% cap · market cap 5.26%
Theoretical Best
Specialty Retail
$378.6K
$331.3K – $441.8K
NOI $26,505 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
848
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
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 - Two-unit duplex with separate laundry and open kitchen/living layouts, positioned on a corner lot with parking for multiple vehicles.
Where is this duplex located?
The property is located at 607 & 609 Lenora Street Jacksonville, AR.
What is the asking price?
The asking price for this property is $284,000.
What are key features of this property?
This property features: All‑brick duplex, offering durability and low maintenance.; Each unit has **2 bedrooms and 2 bathrooms**, providing comfortable living spaces.; Each unit includes its own laundry room**, adding convenience for tenants or owners.
