Remodeled
For Sale
$159,000
239 / 241 Pearl Street, Jacksonville, AR 72076
Two updated units include one leased residence and one vacancy suited to a new tenant or owner-occupant.
Property Size1,400 SF
Price / SF$113.57
Days on Market19
Property Features for 239 / 241 Pearl Street
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Listing Agency:
Keller Williams Realty
(501) 907-5959
Listed By:
Christy Robinson
(501) 830-7079
Source:
Heilesassociatesrealtors
Added: Sep 7
Changed: Sep 20
Last Checked: Sep 24 at 9:06AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This 1,400-square-foot duplex at 239 / 241 Pearl Street includes two residential units with refreshed interiors and contemporary finishes. Renovation work was completed in 2020. One unit is currently leased, while the other is vacant and available for a new tenant or an owner-occupant.
The property is in Jacksonville, Arkansas, near shopping, dining, schools, and Little Rock Air Force Base. Its two-unit configuration provides a leased residence alongside a second unit that can accommodate new occupancy.
The property is in Jacksonville, Arkansas, near shopping, dining, schools, and Little Rock Air Force Base. Its two-unit configuration provides a leased residence alongside a second unit that can accommodate new occupancy.
Key Highlights
- 1,400‑square‑foot duplex with two residential units
- Renovated in 2020 with updated interiors and modern finishes
- One unit is currently leased
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
$11,765
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
7.40%
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%
$235,300
$235.3K
Cap Rate 7%
$168,071
$168.1K
Cap Rate 9%
$130,722
$130.7K
Market Conditions
NOI Build-Up for 1,400 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
$18.0K $12.84/SF
− Vacancy
−$1.2K −$0.83/SF
EGI
$16.8K $12.01/SF
− OpEx
−$5.0K −$3.60/SF
NOI
$11.8K $8.40/SF
Area
Pulaski County, AR
Vacancy
6.50%
Lease Rate
$12.84 /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%
$235,300
Cap Rate 7%
$168,071
Cap Rate 9%
$130,722
Alternative Uses
Best Use
Multifamily LT 5
$168.1K
$147.1K – $196.1K
NOI $11,765 @ 7.0% cap · market cap 7.40%
Second Best
Apartment 5plus
$150.5K
$131.7K – $175.5K
NOI $10,532 @ 7.0% cap · market cap 6.62%
Theoretical Best
Specialty Retail
$267.1K
$233.7K – $311.6K
NOI $18,694 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
183
Businesses Nearby
Explore this area
Business Placement
Demographics for 72076, AR
38,443
Population
17,780
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
90%
High-School Grad
72.7 sq mi
ZIP Area
529
Density / Sq Mi
$53,048
Median Household Income
$36,189
Median Earnings
$917
Median Rent
$155,600
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two updated units include one leased residence and one vacancy suited to a new tenant or owner-occupant.
Where is this duplex located?
The property is located at 239 / 241 Pearl Street Jacksonville, AR.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: 1,400‑square‑foot duplex with two residential units; Renovated in 2020 with updated interiors and modern finishes; One unit is currently leased
