Two-Unit Duplex with Private Outdoor
New
For Sale
$139,900
1416 S Bailey Street, Jacksonville, AR 72076
Both residences offer two bedrooms, one bathroom, appliances, and separate parking.
Property Size1,488 SF
Price / SF$94.02
Days on Market3
Property Features for 1416 S Bailey Street
General Information
Standard status
Active
Size
1,488 SF
Total Parking Spaces
2
Property subtype
Multi-family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Buildings
1
Listing Agency:
Michele Phillips & Co. Realtors
(501) 834-3433
Listed By:
Tracy Smith · License #SA00078039
(501) 912-1874
Source:
Arprorealty
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:16AM
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 Michele Phillips & Co. Realtors
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Investment Insights
Based on property information with market context.
This duplex contains two residences, each with two bedrooms and one bathroom. Both units include an eat-in kitchen with appliances, stained concrete flooring, parking, and outdoor space. The building totals 1,488 square feet, and one unit is tenant-occupied while the other is vacant.
Key Highlights
- Two‑unit duplex with 1,488 square feet total
- Each unit has 2 bedrooms and 1 bathroom
- Eat‑in kitchen with appliances in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,505
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$250,100
$250.1K
Cap Rate 7%
$178,643
$178.6K
Cap Rate 9%
$138,944
$138.9K
Market Conditions
NOI Build-Up for 1,488 SF
Gross rent
$19.1K $12.84/SF
− Vacancy
−$1.2K −$0.83/SF
EGI
$17.9K $12.01/SF
− OpEx
−$5.4K −$3.60/SF
NOI
$12.5K $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 Rate 5%
$250,100
Cap Rate 7%
$178,643
Cap Rate 9%
$138,944
Alternative Uses
Best Use
Multifamily LT 5
$178.6K
$156.3K – $208.4K
NOI $12,505 @ 7.0% cap · market cap 8.94%
Second Best
Apartment 5plus
$159.9K
$139.9K – $186.6K
NOI $11,194 @ 7.0% cap · market cap 8.00%
Theoretical Best
Specialty Retail
$283.8K
$248.4K – $331.2K
NOI $19,869 @ 7.0% cap · market cap 14.20%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
141
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer two bedrooms, one bathroom, appliances, and separate parking.
Where is this duplex located?
The property is located at 1416 S Bailey Street Jacksonville, AR.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,488 square feet total; Each unit has 2 bedrooms and 1 bathroom; Eat‑in kitchen with appliances in both units
