Two-Unit Duplex with Month-to-Month
For Sale
Under Contract
$145,000
310 Bellevue Circle, Jacksonville, AR 72076
MULTI_FAMILY - Jacksonville, AR
Property Size1,736 SF
Lot Size0.09 Acres
Price / SF$83.53
Days on Market45
Property Features for 310 Bellevue Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Appliances
Free-Standing Stove, Free-Standing Stove
Subdivision
Bellevue
Lot features
Level
Directions
Take Southeastern Ave to Bellevue Circle
Standard status
Active Under Contract
APN
12J-056-00-020-01
Size
1,736 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BELLEVUE W1/2 LT 46
Tax Annual Amount
857
Legal Description
BELLEVUE W1/2 LT 46
Building Details
Year built
1984
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Carpet - Partial
Roof type
Shingle
Architectural style
Other
Listing Agency:
River Rock Realty Company
(501) 353-2504
Listed By:
Jamie Hoffman
(501) 232-8964
Added: Jun 24
Changed: Aug 2
Last Checked: Aug 7 at 6:06AM
MLS# 26025469
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 tenant-occupied duplex at 310 Bellevue Circle offers a 2-bedroom, 1-bath layout on each side. Both units look the same and are on month-to-month leases. The property includes free-standing stoves, with vinyl flooring and partial carpet, and a shingle roof.
The lot is 0.09 acres and the total property size is 1,736 square feet. Built in 1984, the duplex is located close to shopping and restaurants, supporting convenient daily access.
Showings require 24-hour notice due to tenant occupancy. Showings are limited to Monday through Friday from 8:30 AM to 4:30 PM. Any offer needs to include the verbiage that the buyer is aware there is a lease in place and agrees to the lease terms.
The lot is 0.09 acres and the total property size is 1,736 square feet. Built in 1984, the duplex is located close to shopping and restaurants, supporting convenient daily access.
Showings require 24-hour notice due to tenant occupancy. Showings are limited to Monday through Friday from 8:30 AM to 4:30 PM. Any offer needs to include the verbiage that the buyer is aware there is a lease in place and agrees to the lease terms.
Key Highlights
- 2‑bedroom, 1‑bath layout on each side duplex
- Both units are on month‑to‑month leases
- Tenant occupied; 24‑hour notice required for showings
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
$13,060
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
9.01%
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%
$261,200
$261.2K
Cap Rate 7%
$186,571
$186.6K
Cap Rate 9%
$145,111
$145.1K
Market Conditions
NOI Build-Up for 1,736 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
$25.2K $14.52/SF
− Vacancy
−$1.5K −$0.84/SF
EGI
$23.7K $13.68/SF
− OpEx
−$10.7K −$6.16/SF
NOI
$13.1K $7.52/SF
Area
Pulaski County, AR
Vacancy
5.80%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
45.00%
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%
$261,200
Cap Rate 7%
$186,571
Cap Rate 9%
$145,111
Alternative Uses
Best Use
Multifamily LT 5
$208.4K
$182.4K – $243.2K
NOI $14,589 @ 7.0% cap · market cap 10.06%
Second Best
Apartment 5plus
$186.6K
$163.3K – $217.7K
NOI $13,060 @ 7.0% cap · market cap 9.01%
Theoretical Best
Specialty Retail
$331.1K
$289.8K – $386.3K
NOI $23,180 @ 7.0% cap · market cap 15.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
45
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
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Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied two-bedroom, one-bath units on month-to-month leases in a small-footprint duplex built in 1984.
Where is this duplex located?
The property is located at 310 Bellevue Circle Jacksonville, AR.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: 2‑bedroom, 1‑bath layout on each side duplex; Both units are on month‑to‑month leases; Tenant occupied; 24‑hour notice required for showings
