Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Two Homes, One Lot Title is generated by Realmo AI

    712 & 714 W Main Street, Paragould, AR 72450

    View on Map
    Claim this Listing
    For Sale
    $150,000

    PKG Single Family, Traditional - Paragould, AR

    Property size:
    2,106 SF
    Lot size:
    0.22 Acres
    Price / SF:
    $71/SF
    Added:
    Mar 25, 2026
    Days on Market:
    58
    Last Refresh:
    May 21 at 4:06 am

    Property Features for 712 & 714 W Main Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R-2
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Appliances
    Range, Refrigerator
    Standard status
    Active
    Size
    2,106 SF
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1022.56

    Utilities

    Heating system
    Central, Natural Gas, Space Heater
    Cooling system
    Central Air, Electric, Multi Units, Window Unit(s)

    Building Details

    Year built
    1960
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Vinyl, Wood
    Building materials
    Vinyl Siding
    Roof type
    Shingle
    Architectural style
    New Traditional

    We can help!

    Listing Contact
    Sandra Kelley
    Sandra Kelley

    Listing agent Sandra Kelley

    Listing office Weichert Realtors, Home Source 105 Reynolds Rd., Paragould, AR

    Listing date Mar 25, 2026

    MLS# 26011846 Listing URL

    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.

    HighLights

    • Two single‑family homes on one lot.
    • Income‑producing property or flexible living arrangement.
    • Potential for rental income to offset mortgage.
    • Central air conditioning and central natural gas heating.
    • Includes range and refrigerator.
    • Both homes have vinyl and wood flooring.

    Overview

    This property features two single-family homes situated on a single lot, presenting a unique opportunity for investors or homeowners seeking versatility. The setup allows for various living arrangements, such as using one home as a primary residence and the other as a mother-in-law suite, guest house, or rental property for additional income. Located in Paragould, Arkansas, the property offers potential for generating income or offsetting mortgage costs. The lot size is approximately 0.22 acres. The property is zoned R-2. The total property size is 2106 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Paragould
    County
    Greene
    State
    Arkansas
    Longitude
    -90.49535
    Latitude
    36.05379

    Nearby Similar for Sale

    • $345,000
      3,722 SF

      Versatile Commercial Property in Paragould

      Multi-level property with office, storage, and live-work potential.
      1011 Linwood Drive, Paragould, AR 72450-0000
      View Details
    • $460,000
      10,000 SF

      Versatile Commercial Property on 2.76 Acres

      Two buildings totaling 10,000 sq ft on 2.76 acres.
      5977 N Hwy. 135, Paragould, AR 72450
      View Details
    • $499,000
      7,400 SF

      Highway Commercial Opportunity in Paragould

      Equipped commercial property on 1.46 acres with multiple revenue streams.
      2801 N HWY 49, Paragould, AR 72450
      View Details
    • $329,900
      1,760 SF

      Corner Lot Commercial Opportunity

      High-visibility commercial property near hospital, suitable for diverse businesses.
      726 W Kingshighway, Paragould, AR 72450
      View Details
    • $229,900
      3,500 SF

      Former Church with Versatile Buildings

      Former church with sanctuary, kitchen, offices, and additional youth building.
      401 S 12th Avenue, Paragould, AR 72450-8338
      View Details
    • $1,850
      1,500 SF

      Paragould Retail/Office Space Available

      Prime location in Paragould's Carriage Hill area.
      3501 Stonegate Drive, Paragould, AR 72450
      View Details
    • $375,000
      4,236 SF

      Four Single-Family Homes Investment

      Four single-family homes with strong rental potential in Paragould.
      104,108,109,110 S. 13th Ave, Paragould, AR 72450
      View Details
    • $675,000
      6,864 SF

      Remodeled Apartment Complex Investment

      Eight newly remodeled units with income potential in Paragould, Arkansas.
      1205 W Hunt St, Paragould, AR 72450
      View Details
    • $900,000
      26,798 SF

      Versatile Industrial Property in Paragould

      Mix of office, showroom, and warehouse space near US 412.
      1305 Carroll Road, Paragould, AR 72450-6065
      View Details
    • $550,000
      5,200 SF

      Commercial Property on 1 Acre

      Income-producing commercial property with expansion potential in a growing industry.
      380 Greene 921, Paragould, AR 72450
      View Details
    • $988,500
      8,424 SF

      Paragould Multi-Residential Investment Opportunity

      Income-producing property with redevelopment potential in a desirable location.
      807 W Kingshighway, Paragould, AR 72450
      View Details
    • $229,900
      1,950 SF

      Paragould Commercial Property on Highway

      High-traffic corner lot suitable for retail or office use.
      2212 LINWOOD DR., Paragould, AR 72450
      View Details

    FAQs

    What type of property is this?
    Single family property - Two single-family homes on one lot, great investment opportunity.
    Where is this single family property located?
    The property is located at 712 & 714 W Main Street Paragould, AR.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: Two single‑family homes on one lot.; Income‑producing property or flexible living arrangement.; Potential for rental income to offset mortgage.
    (870) 240-5073
    We can help!
    Listing Contact
    Sandra Kelley
    Sandra Kelley
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    712 & 714 W. Main Street, Paragould, AR 72450
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!