Brick Duplex
For Sale
$99,900
Pending
216-218 S WORTHINGTON DRIVE, West Memphis, AR 72301
Residential Income, West Memphis, AR
Property Size1,776 SF
Days on Market9
Property Features for 216-218 S WORTHINGTON DRIVE
General Information
Property type
Residential Multi Family
Property subtype
Other
Subdivision
Worthington Park
Standard status
Pending
Size
1,776 SF
Taxes and HOA fees
Tax Description
Lot A, Block 12, Worthington Park
Legal Description
Lot A, Block 12, Worthington Park
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Number of units
2
Building materials
Brick
Listing Agency:
AMS REALTY, LLC
Listed By:
Geary Ammons
(870) 739-3000
Added: Sep 7
Changed: Sep 9
Last Checked: Sep 15 at 9:06AM
MLS# 46887
Copyright © 2026 Eastern Arkansas REALTORS® Association. 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 duplex at 216-218 S Worthington Drive provides 1,776 square feet of residential space across two units. The building features brick construction, central air conditioning, and natural gas heating, offering established core systems for residential occupancy.
Public water and public sewer serve the property. The address is in West Memphis, Arkansas, within Crittenden County and the 72301 ZIP code. The configuration may support separate residential occupancy for each side, subject to applicable requirements.
Public water and public sewer serve the property. The address is in West Memphis, Arkansas, within Crittenden County and the 72301 ZIP code. The configuration may support separate residential occupancy for each side, subject to applicable requirements.
Key Highlights
- 1,776‑square‑foot duplex at 216‑218 S Worthington Drive
- Brick construction
- Central air conditioning
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
$9,098
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
9.11%
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%
$181,960
$182.0K
Cap Rate 7%
$129,971
$130.0K
Cap Rate 9%
$101,089
$101.1K
Market Conditions
NOI Build-Up for 1,776 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
$18.8K $10.56/SF
− Vacancy
−$2.2K −$1.25/SF
EGI
$16.5K $9.31/SF
− OpEx
−$7.4K −$4.19/SF
NOI
$9.1K $5.12/SF
Area
Crittenden County, AR
Vacancy
11.80%
Lease Rate
$10.56 /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%
$181,960
Cap Rate 7%
$129,971
Cap Rate 9%
$101,089
Alternative Uses
Best Use
Multifamily LT 5
$141.9K
$124.2K – $165.6K
NOI $9,935 @ 7.0% cap · market cap 9.94%
Second Best
Apartment 5plus
$130.0K
$113.7K – $151.6K
NOI $9,098 @ 7.0% cap · market cap 9.11%
Theoretical Best
Office A
$324.8K
$284.2K – $378.9K
NOI $22,736 @ 7.0% cap · market cap 22.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
411
Businesses Nearby
Explore this area
Business Placement
Demographics for 72301, AR
24,479
Population
11,298
Households
2.2
Avg Household Size
37
Median Age
15%
College-Educated
84%
High-School Grad
29.5 sq mi
ZIP Area
830
Density / Sq Mi
$41,932
Median Household Income
$30,410
Median Earnings
$848
Median Rent
$119,100
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with central air, natural gas heat, and public water and sewer service.
Where is this duplex located?
The property is located at 216-218 S WORTHINGTON DRIVE West Memphis, AR.
What is the asking price?
The asking price for this property is $99,900.
What are key features of this property?
This property features: 1,776‑square‑foot duplex at 216‑218 S Worthington Drive; Brick construction; Central air conditioning
