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 Market61
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:
River Valley Realty, Inc
(479) 970-0702
Listed By:
SoHo NWA brokered by EXP Realty
(479) 871-9227
Source:
Sohonwa
Added: Aug 17
Changed: Oct 15
Last Checked: Oct 16 at 8:21AM
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 River Valley Realty, Inc
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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 / Yr
$6,277
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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
