Two-Unit Duplex
For Sale
$130,000
224 & 226 E J St, Russellville, AR 72801
Two rental units near Arkansas Tech University, shopping, dining, and everyday amenities.
Property Size1,357 SF
Price / SF$95.80
Days on Market61
Property Features for 224 & 226 E J St
General Information
Standard status
Active
Size
1,357 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1945
Buildings
1
Listing Agency:
Burckart Real Estate
Listed By:
Your NWA Home Group
(479) 366-3026
Source:
Yournwahome
Added: Aug 17
Changed: Oct 15
Last Checked: Oct 16 at 8:24AM
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 Burckart Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex in Russellville contains two rental units within a 1,357-square-foot property built in 1945. The address is 224 & 226 E J St, placing the property near Arkansas Tech University as well as shopping, dining, and other everyday amenities. Its duplex configuration supports residential income use in an established Russellville setting.
Key Highlights
- Two rental units in one duplex property
- 1,357‑square‑foot property
- Built in 1945
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,081
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$181,620
$181.6K
Cap Rate 7%
$129,729
$129.7K
Cap Rate 9%
$100,900
$100.9K
Market Conditions
NOI Build-Up for 1,357 SF
Gross rent
$13.8K $10.20/SF
− Vacancy
−$868 −$0.64/SF
EGI
$13.0K $9.56/SF
− OpEx
−$3.9K −$2.87/SF
NOI
$9.1K $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%
$181,620
Cap Rate 7%
$129,729
Cap Rate 9%
$100,900
Alternative Uses
Best Use
Multifamily LT 5
$129.7K
$113.5K – $151.4K
NOI $9,081 @ 7.0% cap · market cap 6.99%
Second Best
Apartment 5plus
$115.9K
$101.4K – $135.2K
NOI $8,114 @ 7.0% cap · market cap 6.24%
Theoretical Best
Office A
$216.8K
$189.7K – $253.0K
NOI $15,177 @ 7.0% cap · market cap 11.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
Frequently Asked Questions
What type of property is this?
Duplex - Two rental units near Arkansas Tech University, shopping, dining, and everyday amenities.
Where is this duplex located?
The property is located at 224 & 226 E J St Russellville, AR.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Two rental units in one duplex property; 1,357‑square‑foot property; Built in 1945
