Updated Residential Income
For Sale
$165,000
1315 N Nashville Avenue, Russellville, AR 72801
TOWNHOME - Russellville, AR
Property Size1,450 SF
Lot Size0.12 Acres
Price / SF$113.79
Days on Market42
Property Features for 1315 N Nashville Avenue
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 1
Interior features
Washer-Stays, Dryer-Stays, Water Heater-Electric
Appliances
Free-Standing Stove, Dishwasher, Pantry, Refrigerator-Stays
Subdivision
Metes & Bounds
Lot features
Level
Directions
Turn east off of North Arkansas Ave onto L Street then left on University Drive, left on Nashville and Condo is on the left.
Standard status
Active
Size
1,450 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 8 Blk 4 Univ Estates
Tax Annual Amount
826
HOA Fee
$69 Monthly
Legal Description
Lot 8 Blk 4 Univ Estates
Building Details
Year built
1987
Floors in Building
2
Flooring type
Laminate, Vinyl
Roof type
Composition
Architectural style
Other
Listing Agency:
ERA TEAM Real Estate · ERA Real Estate
(501) 327-6731
Listed By:
Lisa Ferguson · License #SA00053540
(479) 970-8325
Added: Jul 1
Changed: Aug 10
Last Checked: Aug 11 at 9:06PM
MLS# 26026570
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 residential income property is a 1,450-square-foot townhouse in University Estates with three bedrooms and two bathrooms. Built in 1987, the home has received updates in recent years and is offered partially furnished. Included items include the refrigerator, washer, dryer, free-standing stove, and dishwasher. Interior finishes include laminate and vinyl flooring, with an electric water heater serving the residence.
The property sits on a 0.12-acre lot at 1315 N Nashville Avenue in Russellville, Arkansas. Arkansas Tech University, Arkansas Nuclear One, restaurants, shopping, and medical facilities are located within minutes, providing access to established employment, education, retail, dining, and healthcare destinations. Showings require 24 hours' notice.
The property sits on a 0.12-acre lot at 1315 N Nashville Avenue in Russellville, Arkansas. Arkansas Tech University, Arkansas Nuclear One, restaurants, shopping, and medical facilities are located within minutes, providing access to established employment, education, retail, dining, and healthcare destinations. Showings require 24 hours' notice.
Key Highlights
- 1,450 square feet with 3 bedrooms and 2 bathrooms
- 0.12‑acre lot in University Estates
- Updated in recent years and offered partially furnished
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
$8,670
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
5.25%
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%
$173,400
$173.4K
Cap Rate 7%
$123,857
$123.9K
Cap Rate 9%
$96,333
$96.3K
Market Conditions
NOI Build-Up for 1,450 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
$16.9K $11.64/SF
− Vacancy
−$1.1K −$0.77/SF
EGI
$15.8K $10.87/SF
− OpEx
−$7.1K −$4.89/SF
NOI
$8.7K $5.98/SF
Area
Pope County, AR
Vacancy
6.60%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
45.00%
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%
$173,400
Cap Rate 7%
$123,857
Cap Rate 9%
$96,333
Alternative Uses
Best Use
Apartment 5plus
$123.9K
$108.4K – $144.5K
NOI $8,670 @ 7.0% cap · market cap 5.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$231.7K
$202.7K – $270.3K
NOI $16,217 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
Explore this area
Business Placement
Demographics for 72801, AR
18,510
Population
7,530
Households
2.5
Avg Household Size
29
Median Age
26%
College-Educated
82%
High-School Grad
8.0 sq mi
ZIP Area
2,314
Density / Sq Mi
$42,363
Median Household Income
$22,473
Median Earnings
$837
Median Rent
$153,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom townhouse with select furnishings and several included appliances in University Estates.
Where is this residential income property located?
The property is located at 1315 N Nashville Avenue Russellville, AR.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: 1,450 square feet with 3 bedrooms and 2 bathrooms; 0.12‑acre lot in University Estates; Updated in recent years and offered partially furnished
