Brick Duplex With Two Leased
For Sale
$89,000
2317 W 26Th Avenue, Pine Bluff, AR 71603
MULTI_FAMILY - Pine Bluff, AR
Property Size1,147 SF
Lot Size0.25 Acres
Price / SF$77.59
Days on Market128
Property Features for 2317 W 26Th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Appliances
Free-Standing Stove, Refrigerator-Stays, Free-Standing Stove, Refrigerator-Stays
Subdivision
HOME ADD
Lot features
Level
Directions
GPS
Standard status
Active
APN
930-30873-000
Size
1,147 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Warranty Deed
Tax Annual Amount
552
Legal Description
Warranty Deed
Building Details
Year built
1965
Floors in Building
1
Number of units
2
Flooring type
Ceramic, Vinyl
Roof type
Composition
Architectural style
Other
Listing Agency:
Re/Max Platinum
(870) 534-2823
Listed By:
Wes Brown · License #PB00087003
(870) 209-4628
Added: Apr 15
Changed: Aug 4
Last Checked: Aug 20 at 3:06AM
MLS# 26015003
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. 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 well-maintained brick duplex offers two separate 1-bedroom, 1-bath units. The property totals 1,147 square feet and sits on a 0.25-acre lot. Built in 1965, the exterior features a composition roof and interior finishes including vinyl and ceramic flooring.
Each unit is currently leased. Appliances listed for the units include free-standing stoves and refrigerators that stay.
The layout and durable brick construction make this duplex suitable for an owner seeking a straightforward, income-oriented residential property with two distinct, rentable units under one roof.
Each unit is currently leased. Appliances listed for the units include free-standing stoves and refrigerators that stay.
The layout and durable brick construction make this duplex suitable for an owner seeking a straightforward, income-oriented residential property with two distinct, rentable units under one roof.
Key Highlights
- Two 1‑bedroom, 1‑bath units, both currently leased
- Brick duplex on a 0.25‑acre lot
- 1,147 SF total building size
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
$7,427
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
8.34%
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%
$148,540
$148.5K
Cap Rate 7%
$106,100
$106.1K
Cap Rate 9%
$82,522
$82.5K
Market Conditions
NOI Build-Up for 1,147 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
$11.7K $10.20/SF
− Vacancy
−$1.1K −$0.95/SF
EGI
$10.6K $9.25/SF
− OpEx
−$3.2K −$2.78/SF
NOI
$7.4K $6.48/SF
Area
Jefferson County, AR
Vacancy
9.31%
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%
$148,540
Cap Rate 7%
$106,100
Cap Rate 9%
$82,522
Alternative Uses
Best Use
Multifamily LT 5
$106.1K
$92.8K – $123.8K
NOI $7,427 @ 7.0% cap · market cap 8.34%
Second Best
Apartment 5plus
$97.5K
$85.4K – $113.8K
NOI $6,828 @ 7.0% cap · market cap 7.67%
Theoretical Best
Office A
$294.1K
$257.3K – $343.1K
NOI $20,585 @ 7.0% cap · market cap 23.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
Explore this area
Business Placement
Demographics for 71603, AR
30,236
Population
13,997
Households
2.2
Avg Household Size
43
Median Age
24%
College-Educated
90%
High-School Grad
167.8 sq mi
ZIP Area
180
Density / Sq Mi
$51,019
Median Household Income
$35,833
Median Earnings
$859
Median Rent
$116,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained brick duplex with two one-bedroom, one-bath units, both currently leased.
Where is this duplex located?
The property is located at 2317 W 26Th Avenue Pine Bluff, AR.
What is the asking price?
The asking price for this property is $89,000.
What are key features of this property?
This property features: Two 1‑bedroom, 1‑bath units, both currently leased; Brick duplex on a 0.25‑acre lot; 1,147 SF total building size
