One-Level 7-Unit Apartment
For Sale
$350,000
120 S Elm Street, Jacksonville, AR 72076
Fully occupied residential property with updated interiors and convenient access to schools, retail, healthcare, and recreation.
Property Size2,800 SF
Price / SF$125
Days on Market34
Property Features for 120 S Elm Street
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
7 x 1BR/1BA
Multifamily Units
7
Building Details
Stories
1
Listing Agency:
Innovative Realty
(501) 847-4666
Listed By:
Kimberly Santos
(501) 766-3749
Source:
Arprorealty
Added: Sep 19
Changed: Oct 9
Last Checked: Oct 20 at 8:28PM
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 Innovative Realty
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Investment Insights
Based on property information with market context.
This one-level apartment complex contains 7 units, each configured with 1 bedroom, 1 bathroom, a full kitchen, and a rear entry. The units are occupied and feature fresh paint, updated flooring, newer windows, and mini-split systems. The property size is listed as 2800.
Located in Jacksonville, AR, the complex is positioned near schools, daycares, stores, and hospitals. Dupree Sports Complex, along with a playground and skate park, is 1 mile away. The unit layout and low-maintenance features support straightforward residential operations across the property.
Located in Jacksonville, AR, the complex is positioned near schools, daycares, stores, and hospitals. Dupree Sports Complex, along with a playground and skate park, is 1 mile away. The unit layout and low-maintenance features support straightforward residential operations across the property.
Key Highlights
- 7‑unit, one‑level apartment complex
- All 7 units are fully occupied
- Each unit includes 1 bedroom, 1 bathroom, and a full kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,064
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,280
$421.3K
Cap Rate 7%
$300,914
$300.9K
Cap Rate 9%
$234,044
$234.0K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$40.7K $14.52/SF
− Vacancy
−$2.4K −$0.84/SF
EGI
$38.3K $13.68/SF
− OpEx
−$17.2K −$6.16/SF
NOI
$21.1K $7.52/SF
Area
Pulaski County, AR
Vacancy
5.80%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,280
Cap Rate 7%
$300,914
Cap Rate 9%
$234,044
Alternative Uses
Best Use
Apartment 5plus
$300.9K
$263.3K – $351.1K
NOI $21,064 @ 7.0% cap · market cap 6.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$534.1K
$467.3K – $623.1K
NOI $37,387 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Lease Details
7
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
461
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied residential property with updated interiors and convenient access to schools, retail, healthcare, and recreation.
Where is this apartment building located?
The property is located at 120 S Elm Street Jacksonville, AR.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 7‑unit, one‑level apartment complex; All 7 units are fully occupied; Each unit includes 1 bedroom, 1 bathroom, and a full kitchen
