Updated Duplex with
New
For Sale
$150,000
27 W 4th ST Unit #27&29, Mulberry, AR 72947
Multifamily, Mulberry, AR
Property Size1,602 SF
Lot Size0.27 Acres
Price / SF$93.63
Days on Market4
Property Features for 27 W 4th ST Unit #27&29
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi Family
Bedrooms
2
Rooms
Bedroom 2, Bedroom 1
Parking features
Carport
Patio and Porch features
Patio
Appliances
Dishwasher, Dryer, Electric, Gas, Microwave, Microwave Vent, Oven, Range, Refrigerator, Self Cleaning, Washer
Subdivision
Hicks
Lot features
Cleared, In Subdivision, Landscaped, Level
Elementary school
Mulberry/Pleasant View
Middle school
Mulberry/Pleasant View
High school
Mulberry/Pleasant View
Elementary school district
Mulberry
Middle school district
Mulberry
High school district
Mulberry
Directions
From the intersection of Hwy 64 and N Main St in Mulberry, head South on N Main St. Turn right onto W 4th St. Duplex will be on your left.
Standard status
Active
APN
760-00441-000
Size
1,602 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Description
Multi-family dweeling, improvements, & 0.27 acres m/l being: Part of Block 4, Lot 1, Section 35-Township 10-Range 29, of the Hick's Addition to the City of Mulberry, Crawford County, Arkansas
Tax Annual Amount
363
Legal Description
Multi-family dweeling, improvements, & 0.27 acres m/l being: Part of Block 4, Lot 1, Section 35-Township 10-Range 29, of the Hick's Addition to the City of Mulberry, Crawford County, Arkansas
Utilities
Heating system
Natural Gas, Central
Cooling system
Central Air
Amenities
patio space
laundry room
Building Details
Year built
1992
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Tile - Ceramic
Roof type
Shingle
Listing Agency:
Ascend Real Estate
(479) 383-8300
Listed By:
Brian Hutton
(479) 217-5680
Added: Sep 23
Last Checked: Sep 26 at 11:06AM
MLS# 1092009
Copyright © 2026 Western River Valley Board of REALTORS®. 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 1,602-square-foot duplex contains two one-bedroom units, each arranged with a living room, kitchen, laundry room, and bedroom. The interiors have been updated with stainless steel appliances, granite countertops, vinyl and tile flooring, central air, natural-gas furnaces, and gas water heaters. Each residence also includes a patio and attached carport, while the 0.27-acre lot has landscaped front-yard areas.
The property is located on W 4th ST in Mulberry, adjacent to the historic downtown district and positioned on a quiet residential street. Unit #27 is vacant and Unit #29 is occupied. Previous rents were $750 per month, with tenants responsible for all utilities. The property was built in 1992 and is zoned Multi Family.
The property is located on W 4th ST in Mulberry, adjacent to the historic downtown district and positioned on a quiet residential street. Unit #27 is vacant and Unit #29 is occupied. Previous rents were $750 per month, with tenants responsible for all utilities. The property was built in 1992 and is zoned Multi Family.
Key Highlights
- Two one‑bedroom units totaling 1,602 square feet
- 0.27‑acre lot with landscaped front‑yard areas
- Updated interiors with granite countertops, stainless steel appliances, vinyl, and ceramic tile flooring
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
$10,699
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
7.13%
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%
$213,980
$214.0K
Cap Rate 7%
$152,843
$152.8K
Cap Rate 9%
$118,878
$118.9K
Market Conditions
NOI Build-Up for 1,602 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
$16.3K $10.20/SF
− Vacancy
−$1.1K −$0.66/SF
EGI
$15.3K $9.54/SF
− OpEx
−$4.6K −$2.86/SF
NOI
$10.7K $6.68/SF
Area
Crawford County, AR
Vacancy
6.46%
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%
$213,980
Cap Rate 7%
$152,843
Cap Rate 9%
$118,878
Alternative Uses
Best Use
Multifamily LT 5
$152.8K
$133.7K – $178.3K
NOI $10,699 @ 7.0% cap · market cap 7.13%
Second Best
Apartment 5plus
$140.8K
$123.2K – $164.2K
NOI $9,854 @ 7.0% cap · market cap 6.57%
Theoretical Best
Office A
$307.1K
$268.8K – $358.3K
NOI $21,500 @ 7.0% cap · market cap 14.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
Explore this area
Business Placement
Demographics for 72947, AR
3,973
Population
1,870
Households
2.1
Avg Household Size
45
Median Age
15%
College-Educated
83%
High-School Grad
114.1 sq mi
ZIP Area
35
Density / Sq Mi
$55,091
Median Household Income
$36,257
Median Earnings
$667
Median Rent
$151,800
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 one-bedroom residences feature refreshed interiors, private patios, and central heating and cooling.
Where is this duplex located?
The property is located at 27 W 4th ST Unit #27&29 Mulberry, 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 one‑bedroom units totaling 1,602 square feet; 0.27‑acre lot with landscaped front‑yard areas; Updated interiors with granite countertops, stainless steel appliances, vinyl, and ceramic tile flooring
