2-Unit
For Sale
$150,000
220 & 222 E J St, Russellville, AR 72801
Two-unit rental property near Arkansas Tech University with access to shopping, dining, and everyday services.
Property Size938 SF
Price / SF$159.91
Days on Market13
Property Features for 220 & 222 E J St
General Information
Standard status
Active
Size
938 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1945
Listing Agency:
The Brandon Group
(479) 871-9227
Listed By:
SoHo NWA brokered by EXP Realty
(479) 871-9227
Source:
Sohonwa
Added: Aug 17
Changed: Aug 28
Last Checked: Aug 26 at 12:56PM
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 The Brandon Group
Investment Insights
Based on property information with market context.
Built in 1945, this duplex contains two rental units within a 938-square-foot residential income property. The two-unit configuration provides a straightforward small-scale multifamily asset in an established Russellville setting.
The property is located near Arkansas Tech University and is also close to shopping, dining, and other everyday amenities. Its address is 220 & 222 E J St, Russellville, AR 72801.
The property is located near Arkansas Tech University and is also close to shopping, dining, and other everyday amenities. Its address is 220 & 222 E J St, Russellville, AR 72801.
Key Highlights
- Two rental units in one duplex property
- 938 square feet of property size
- Built in 1945
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
$6,277
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
4.18%
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%
$125,540
$125.5K
Cap Rate 7%
$89,671
$89.7K
Cap Rate 9%
$69,744
$69.7K
Market Conditions
NOI Build-Up for 938 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
$9.6K $10.20/SF
− Vacancy
−$600 −$0.64/SF
EGI
$9.0K $9.56/SF
− OpEx
−$2.7K −$2.87/SF
NOI
$6.3K $6.69/SF
Area
Pope County, AR
Vacancy
6.27%
Lease Rate
$10.20 /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%
$125,540
Cap Rate 7%
$89,671
Cap Rate 9%
$69,744
Alternative Uses
Best Use
Multifamily LT 5
$89.7K
$78.5K – $104.6K
NOI $6,277 @ 7.0% cap · market cap 4.18%
Second Best
Apartment 5plus
$80.1K
$70.1K – $93.5K
NOI $5,609 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$149.9K
$131.1K – $174.9K
NOI $10,491 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
664
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit rental property near Arkansas Tech University with access to shopping, dining, and everyday services.
Where is this duplex located?
The property is located at 220 & 222 E J St Russellville, 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 rental units in one duplex property; 938 square feet of property size; Built in 1945
