Three-Unit
New
For Sale
$300,000
1417 Greenwich, Russellville, AR 72801
Residential, Russellville, AR
Property Size2,796 SF
Price / SF$107.30
Days on Market5
Property Features for 1417 Greenwich
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2
Exterior features
ConcreteDriveway
Appliances
GasWaterHeater
Lot features
Cleared, City Lot, Level
Directions
From Hwy 7 North turn onto E O St, then right onto N Greenwich property on the right
Standard status
Active
APN
846-00001-001R
Size
2,796 SF
Taxes and HOA fees
Tax Description
Lots 13,14, 15 & 16 Block A City of Russellville
Tax Annual Amount
3985
Legal Description
Lots 13,14, 15 & 16 Block A City of Russellville
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1997
Floors in Building
1
Number of units
3
Flooring type
Carpet, Tile
Building materials
VinylSiding
Roof type
Shingle
Listing Agency:
River Valley Realty, Inc
(479) 968-6260
Listed By:
Angela G Dossett · License #SA00088224
(479) 979-7677
Added: Sep 21
Changed: Sep 22
Last Checked: Sep 25 at 1:06PM
MLS# 1362806
Copyright © 2026 ArkansasONE MLS. 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 2,796-square-foot triplex contains three matching residential units, each arranged with two bedrooms and two bathrooms. Built in 1997, the property features vinyl siding, a shingle roof, carpet and tile flooring, central heating, central air, and a gas water heater. A concrete driveway provides on-site access.
The property is located at 1417 Greenwich in Russellville, Arkansas, within Pope County and ZIP Code 72801. Its three-unit configuration offers a straightforward multifamily layout, with consistent floor plans across the building.
The property is located at 1417 Greenwich in Russellville, Arkansas, within Pope County and ZIP Code 72801. Its three-unit configuration offers a straightforward multifamily layout, with consistent floor plans across the building.
Key Highlights
- 2,796‑square‑foot triplex with three matching units
- Each unit includes 2 bedrooms and 2 bathrooms
- Built in 1997
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
$18,712
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
6.24%
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%
$374,240
$374.2K
Cap Rate 7%
$267,314
$267.3K
Cap Rate 9%
$207,911
$207.9K
Market Conditions
NOI Build-Up for 2,796 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
$28.5K $10.20/SF
− Vacancy
−$1.8K −$0.64/SF
EGI
$26.7K $9.56/SF
− OpEx
−$8.0K −$2.87/SF
NOI
$18.7K $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%
$374,240
Cap Rate 7%
$267,314
Cap Rate 9%
$207,911
Alternative Uses
Best Use
Multifamily LT 5
$267.3K
$233.9K – $311.9K
NOI $18,712 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$238.8K
$209.0K – $278.7K
NOI $16,719 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$446.7K
$390.9K – $521.2K
NOI $31,270 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
253
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Three matching residential units with central heating and cooling, vinyl siding, and a concrete driveway.
Where is this triplex located?
The property is located at 1417 Greenwich Russellville, AR.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 2,796‑square‑foot triplex with three matching units; Each unit includes 2 bedrooms and 2 bathrooms; Built in 1997
