Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Jacksonville Multifamily Investment Opportunity Title is generated by Realmo AI

    115 W Valentine, Jacksonville, AR 72076

    View on Map
    Claim this Listing
    For Sale
    $349,500

    MULTI_FAMILY - Jacksonville, AR

    Property size:
    3,516 SF
    Lot size:
    1.98 Acres
    Price / SF:
    $99/SF
    Added:
    Apr 13, 2026
    Days on Market:
    39
    Last Refresh:
    May 21 at 6:06 pm

    Property Features for 115 W Valentine

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Carport
    Appliances
    Free-Standing Stove, Microwave, Gas Range, Dishwasher, Refrigerator-Stays, Free-Standing Stove, Microwave, Gas Range, Dishwasher, Refrigerator-Stays
    Standard status
    Active
    Size
    3,516 SF
    Lot size
    1.98 Acres

    Taxes and HOA fees

    Tax Description
    Metes and Bounds
    Tax Annual Amount
    1815

    Building Details

    Year built
    1968
    Floors in Building
    1
    Number of units
    4
    Flooring type
    Wood, Carpet - Full, Laminate, Tile
    Roof type
    Shingle, Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Daniel Gray
    Daniel Gray

    Listing agent Daniel Gray License #PB00050346

    Listing office RE/MAX Homefinders 300 T. P. White Suite A, Jacksonville, AR

    Listing date Apr 13, 2026

    MLS# 26014514 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

    • Income‑generating property with 3 Single Family Homes rentals
    • Almost 2 acre lot in Jacksonville
    • One 1500 sqft home with updated features (solid surface countertops, gas stove, hardwood flooring, updated windows)
    • Three 2BD 1BA rental homes (672 sqft each) with long‑term tenants
    • Rental income from $575 to $650 per month per unit
    • Large fenced backyard with storage shed

    Overview

    This property features three single-family homes, each with two bedrooms and one bathroom, totaling 672 square feet per home. The homes are situated on just under 2 acres in Jacksonville. One of the homes, encompassing 1500 square feet, has been nicely updated and well maintained, featuring solid surface countertops, a gas stove, hardwood flooring in the kitchen, and updated windows. It also includes a large, fenced backyard with a storage shed. All three homes are currently rented to long-term tenants, with rents ranging from $575 to $650 per month. This presents a great opportunity for a new investor looking for residential income properties.

    Financial Insights

    Value Estimation Calculated for Apartment 5plus

    Conservative
    $293.9K
    NOI $26,450 @ 9.00% cap · cautious / downside scenario
    Moderate
    $377.9K
    NOI $26,450 @ 7.00% cap · market / base-case scenario
    Aggressive
    $529.0K
    NOI $26,450 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Apartment 5plus

    Component $ $/SF
    Gross rent $51.1k $14.52
    − Vacancy −$3.0k −$0.84
    EGI $48.1k $13.68
    − OpEx −$21.6k −$6.16
    NOI $26.5k $7.52
    3,516 SF · lease $14.52/SF/yr · vacancy 5.80% · expense 45.00%

    Alternative Use Scenarios

    Best Use
    Apartment 5plus
    $377.9K
    $330.6K – $440.8K (±1% cap)
    NOI $26,450 @ 7.0% cap · market cap 7.57%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $670.7K
    $586.9K – $782.5K (±1% cap)
    NOI $46,948 @ 7.0% cap · market cap 13.43%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Auto Repair Shop Daycare Center Grocery & Convenience Store Food Market Grocery & Convenience Store Storage Facility Cosmetic Store Wine and Liquor Store Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.131891
    Latitude
    34.8373272

    Nearby Similar for Sale

    • $744,000
      6,215 SF

      Jacksonville Commercial Property with Restaurant

      Medical office and drive-through restaurant on 0.92 acres.
      1010 W Main Street, Jacksonville, AR 72076
      View Details
    • $365,000
      2,288 SF

      Well-Maintained Office Building For Sale

      Move-in-ready office building with security features and ample parking.
      1009 S Redmond Road, Jacksonville, AR 72076
      View Details
    • $330,000
      3,482 SF

      Jacksonville Restaurant with Rental Potential

      Large restaurant with updates, rental potential, and ample parking.
      1400 John Harden Drive, Jacksonville, AR 72076
      View Details
    • $875,000
      11,248 SF

      Daycare Facility on Spacious Grounds

      Daycare facility with classrooms, play areas, and security systems.
      1701 S Highway 161, Jacksonville, AR 72076
      View Details
    • $848,000
      7,200 SF

      Former Childcare Facility in Jacksonville

      Well-located building and land suitable for various uses.
      501 S First Street, Jacksonville, AR 72076
      View Details
    • $310,000
      5,590 SF

      Jacksonville Commercial Building with Drive-Thru

      Commercial building with drive-thru on Main Street in Jacksonville, AR.
      505 W Hickory St, Jacksonville, AR 72076
      View Details
    • $599,000
      11,000 SF

      Established Commercial Opportunity in Jacksonville

      Long-standing feed and hardware store with additional lawn shop.
      9240 Jacksonville conway Road, Jacksonville, AR 72076
      View Details
    • $1,500,000
      38,831 SF

      Established Self Storage Business on I-57

      Established mini storage business with over 38,000 sq ft.
      6315 John Harden Drive, Jacksonville, AR 72076
      View Details
    • $999,999
      8,760 SF

      Jacksonville Healthcare Investment Opportunity

      Medical sector property near Little Rock Air Force Base.
      1432 Braden Street, Jacksonville, AR 72076
      View Details
    • $560,000
      1,721 SF

      Jacksonville Multifamily Investment Opportunity

      Seven-unit multifamily portfolio in Jacksonville, AR, near LRAFB.
      917 Ruth Ann Drive, Jacksonville, AR 72076
      View Details
    • $435,000
      3,334 SF

      New Construction Duplexes Near LRAFB

      New construction duplexes near Little Rock Air Force Base.
      405 & 407 E Center Street, Jacksonville, AR 72076
      View Details
    • $175,000
      3,300 SF

      Turnkey Commercial Property in Jacksonville

      Established commercial property with versatile space and C2 zoning.
      201 E Center St, Jacksonville, AR 72076
      View Details

    FAQs

    What type of property is this?
    Apartment building - Three single-family homes on almost two acres, long-term tenants.
    Where is this apartment building located?
    The property is located at 115 W Valentine Jacksonville, AR.
    What is the asking price?
    The asking price for this property is $349,500.
    What are key features of this property?
    This property features: Income‑generating property with 3 Single Family Homes rentals; Almost 2 acre lot in Jacksonville; One **1500 sqft home with updated features** (solid surface countertops, gas stove, hardwood flooring, updated windows)
    (501) 960-3181
    We can help!
    Listing Contact
    Daniel Gray
    Daniel Gray
    Real Estate License ID: PB00050346
    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
    115 W Valentine, Jacksonville, AR 72076
    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!