Brick Duplex with Covered
308 Gannt #A, Marion, AR 72364
For Sale
$149,000
Two 2-bedroom, 1-bathroom residences each have a kitchen and living room.
Property Size1,800 SF
Price / SF$82.78
Days on Market67
Property Features for 308 Gannt #A
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Amenities
covered front porch
Building Details
Year Built
Buildings
Stories
Construction
Listing Agency:
Integrated Assets
(901) 820-4585
Listed By:
Glenn McDonald · License AR #267657
(901) 289-1374
Source:
Assuredrealestate
Added: Sep 4
Changed: Nov 2
Last Checked: Nov 9 at 4:07AM
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 Integrated Assets
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Investment Insights
Based on property information with market context.
Built in 1989, this brick duplex contains approximately 1,800 square feet across two 2-bedroom, 1-bathroom units. Each residence has a kitchen and living room. Exterior and interior features include a covered front porch, thermal windows, a newer roof, updated flooring and light fixtures. HVAC equipment and water heaters are absent and require replacement; cleanup, paint touch-ups and rear yard maintenance are also needed.
Two additional duplexes are offered on the same street: two of the properties are adjacent, and the third is six homes away.
Two additional duplexes are offered on the same street: two of the properties are adjacent, and the third is six homes away.
Key Highlights
- Approximately 1,800 SF with two 2‑bedroom, 1‑bathroom units
- Brick exterior and covered front porch
- Newer roof and thermal windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,069
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$201,380
$201.4K
Cap Rate 7%
$143,843
$143.8K
Cap Rate 9%
$111,878
$111.9K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$16.2K $9.00/SF
− Vacancy
−$1.8K −$1.01/SF
EGI
$14.4K $7.99/SF
− OpEx
−$4.3K −$2.40/SF
NOI
$10.1K $5.59/SF
Area
Crittenden County, AR
Vacancy
11.21%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$201,380
Cap Rate 7%
$143,843
Cap Rate 9%
$111,878
Alternative Uses
Best Use
Multifamily LT 5
$143.8K
$125.9K – $167.8K
NOI $10,069 @ 7.0% cap · market cap 6.76%
Second Best
Apartment 5plus
$131.7K
$115.3K – $153.7K
NOI $9,221 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$329.2K
$288.0K – $384.1K
NOI $23,043 @ 7.0% cap · market cap 15.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
Explore this area
Business Placement
Demographics for 72364, AR
16,394
Population
6,415
Households
2.6
Avg Household Size
36
Median Age
23%
College-Educated
90%
High-School Grad
80.0 sq mi
ZIP Area
205
Density / Sq Mi
$76,118
Median Household Income
$46,529
Median Earnings
$1,025
Median Rent
$206,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two 2-bedroom, 1-bathroom residences each have a kitchen and living room.
Where is this duplex located?
The property is located at 308 Gannt #A Marion, AR.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: Approximately 1,800 SF with two 2‑bedroom, 1‑bathroom units; Brick exterior and covered front porch; Newer roof and thermal windows
