Remodeled Duplex with Fenced
For Sale
$240,000
1117-1119 Ruth Ann Drive, Jacksonville, AR 72076
Two leased units offer a three-bedroom and two-bedroom layout with updated kitchens and separate outdoor areas.
Property Size1,796 SF
Price / SF$133.63
Days on Market15
Property Features for 1117-1119 Ruth Ann Drive
General Information
Standard status
Active
Size
1,796 SF
Property subtype
Multi-family
Occupancy
100%
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
refrigerator
stove
dishwasher
private backyard
in-unit washer/dryer hookups
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Capital Real Estate Advisors
(501) 420-4097
Listed By:
Sergio Convers · License #PB00059330
(501) 266-0007
Source:
Heilesassociatesrealtors
Added: Aug 19
Changed: Aug 29
Last Checked: Sep 2 at 4:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Capital Real Estate Advisors
Investment Insights
Based on property information with market context.
This 2003 duplex contains 1813 square feet across two separately configured residences. Unit 1117 provides 1,080 sqft with 3 beds and 2 full baths, while Unit 1119 offers 717 sqft with 2 beds and 1 full bath. Both residences feature recently remodeled interiors with tile flooring throughout, equipped kitchens with refrigerators, stoves, and dishwashers, plus in-unit washer and dryer hookups.
Each side has its own gated, privacy-fenced backyard. Unit 1117 includes a bay window, kitchen pantry, and separate linen closet. Unit 1119 features a walk-in closet in the primary bedroom. Both units are currently leased, and the property is located minutes from Little Rock Air Force Base in Jacksonville, Arkansas.
Each side has its own gated, privacy-fenced backyard. Unit 1117 includes a bay window, kitchen pantry, and separate linen closet. Unit 1119 features a walk-in closet in the primary bedroom. Both units are currently leased, and the property is located minutes from Little Rock Air Force Base in Jacksonville, Arkansas.
Key Highlights
- Duplex totals 1813 square feet and was built in 2003
- Unit 1117: 1,080 sqft, 3 beds, and 2 full baths
- Unit 1119: 717 sqft, 2 beds, and 1 full bath
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
$15,093
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
6.29%
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%
$301,860
$301.9K
Cap Rate 7%
$215,614
$215.6K
Cap Rate 9%
$167,700
$167.7K
Market Conditions
NOI Build-Up for 1,796 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
$23.1K $12.84/SF
− Vacancy
−$1.5K −$0.83/SF
EGI
$21.6K $12.01/SF
− OpEx
−$6.5K −$3.60/SF
NOI
$15.1K $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%
$301,860
Cap Rate 7%
$215,614
Cap Rate 9%
$167,700
Alternative Uses
Best Use
Multifamily LT 5
$215.6K
$188.7K – $251.6K
NOI $15,093 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$193.0K
$168.9K – $225.2K
NOI $13,511 @ 7.0% cap · market cap 5.63%
Theoretical Best
Specialty Retail
$342.6K
$299.8K – $399.7K
NOI $23,981 @ 7.0% cap · market cap 9.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
36
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 leased units offer a three-bedroom and two-bedroom layout with updated kitchens and separate outdoor areas.
Where is this duplex located?
The property is located at 1117-1119 Ruth Ann Drive Jacksonville, AR.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Duplex totals 1813 square feet and was built in 2003; Unit 1117: 1,080 sqft, 3 beds, and 2 full baths; Unit 1119: 717 sqft, 2 beds, and 1 full bath
