5-Unit Apartment
225 E L St, Russellville, AR 72801
For Sale
$480,000
Each residence has a two-bedroom, one-and-a-half-bath layout.
Property Size4,800 SF
Price / SF$100
Days on Market50
Property Features for 225 E L St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Listing Agency:
Sellers Properties Real Estate
(479) 903-2299
Listed By:
SoHo NWA brokered by EXP Realty
(479) 871-9227
Source:
Sohonwa
Added: Sep 24
Changed: Nov 10
Last Checked: Nov 10 at 8:44AM
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 Sellers Properties Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This apartment property contains five residences, each configured with two bedrooms and one and a half bathrooms. The building encompasses 4,800 square feet and was constructed in 1999.
The property is located at 225 E L St in Russellville, Arkansas.
The property is located at 225 E L St in Russellville, Arkansas.
Key Highlights
- Five apartment units, each with 2 bedrooms and 1.5 bathrooms
- 4,800 square feet of building area
- Built in 1999
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,701
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,020
$574.0K
Cap Rate 7%
$410,014
$410.0K
Cap Rate 9%
$318,900
$318.9K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$55.9K $11.64/SF
− Vacancy
−$3.7K −$0.77/SF
EGI
$52.2K $10.87/SF
− OpEx
−$23.5K −$4.89/SF
NOI
$28.7K $5.98/SF
Area
Pope County, AR
Vacancy
6.60%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,020
Cap Rate 7%
$410,014
Cap Rate 9%
$318,900
Alternative Uses
Best Use
Apartment 5plus
$410.0K
$358.8K – $478.4K
NOI $28,701 @ 7.0% cap · market cap 5.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$766.9K
$671.0K – $894.7K
NOI $53,683 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
366
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Each residence has a two-bedroom, one-and-a-half-bath layout.
Where is this apartment building located?
The property is located at 225 E L St Russellville, AR.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Five apartment units, each with 2 bedrooms and 1.5 bathrooms; 4,800 square feet of building area; Built in 1999
