Updated Duplex With Covered
New
For Sale
$150,000
310 & 312 Mulberry Street, Jacksonville, AR 72076
Multi-Family, Traditional, Jacksonville, AR
Property Size1,462 SF
Lot Size0.34 Acres
Price / SF$102.60
Days on Market6
Property Features for 310 & 312 Mulberry Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Carport
Interior features
Washer Connection, Dryer Connection-Electric, Hot Water Heater-Gas
Appliances
Free-Standing Stove, Refrigerator-Stays, Free-Standing Stove, Refrigerator-Stays
Subdivision
West Jacksonville #2
Lot features
Level
Directions
W. Main St to Baily to Mulberry
Standard status
Active
APN
12J-081-00-010-00
Size
1,462 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
30-3N-10W
Tax Annual Amount
1293
Legal Description
30-3N-10W
Amenities
covered parking
Building Details
Year built
1968
Floors in Building
1
Number of units
2
Flooring type
Carpet - Partial, Vinyl
Roof type
Composition
Architectural style
Other
Listing Agency:
SB Realty & Property Management
(501) 315-6994
Listed By:
Erika Sisson
(501) 413-7817
Added: Sep 3
Changed: Sep 6
Last Checked: Sep 8 at 7:06PM
MLS# 26036123
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 duplex contains two separate residences, each with 2 bedrooms and 1 bathroom. The interiors were updated in 2024 with refreshed kitchens, baths, flooring, and finishes. Combined building area is 1,462 square feet on a 0.34-acre parcel. Each unit includes washer and dryer connections, a gas water heater, a free-standing stove, and a refrigerator. Flooring consists of vinyl with partial carpeting.
Built in 1968, the property has a composition roof reported to be approximately 10 years old. Covered carport parking serves the residences. Tenants are responsible for utilities and lawn care. The property is located at 310 & 312 Mulberry Street in Jacksonville, Arkansas.
Built in 1968, the property has a composition roof reported to be approximately 10 years old. Covered carport parking serves the residences. Tenants are responsible for utilities and lawn care. The property is located at 310 & 312 Mulberry Street in Jacksonville, Arkansas.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bathroom per residence
- 1,462 square feet on a 0.34‑acre parcel
- Both interiors updated in 2024 with refreshed kitchens, baths, flooring, and finishes
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
$12,286
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
8.19%
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%
$245,720
$245.7K
Cap Rate 7%
$175,514
$175.5K
Cap Rate 9%
$136,511
$136.5K
Market Conditions
NOI Build-Up for 1,462 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
$18.8K $12.84/SF
− Vacancy
−$1.2K −$0.83/SF
EGI
$17.6K $12.01/SF
− OpEx
−$5.3K −$3.60/SF
NOI
$12.3K $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%
$245,720
Cap Rate 7%
$175,514
Cap Rate 9%
$136,511
Alternative Uses
Best Use
Multifamily LT 5
$175.5K
$153.6K – $204.8K
NOI $12,286 @ 7.0% cap · market cap 8.19%
Second Best
Apartment 5plus
$157.1K
$137.5K – $183.3K
NOI $10,998 @ 7.0% cap · market cap 7.33%
Theoretical Best
Specialty Retail
$278.9K
$244.0K – $325.4K
NOI $19,521 @ 7.0% cap · market cap 13.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
649
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
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 - Two separately configured residences feature refreshed interiors, private utility responsibility, and carport parking in Jacksonville.
Where is this duplex located?
The property is located at 310 & 312 Mulberry Street Jacksonville, 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‑unit duplex with 2 bedrooms and 1 bathroom per residence; 1,462 square feet on a 0.34‑acre parcel; Both interiors updated in 2024 with refreshed kitchens, baths, flooring, and finishes
