Updated Duplex With Covered
For Sale
$150,000
310 Mulberry Street, Jacksonville, AR 72076
Two separate residences offer refreshed interiors, covered parking, and a practical rental configuration.
Property Size1,462 SF
Price / SF$102.60
Days on Market16
Property Features for 310 Mulberry Street
General Information
Standard status
Active
Size
1,462 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Average Monthly Rent
$750
Building Details
Year Built
1968
Listing Agency:
Bottoms Farm & Home Realty
Listed By:
Amber Wood
(501) 444-2055
Source:
Midsouthar
Added: Sep 5
Changed: Sep 19
Last Checked: Sep 19 at 9:30AM
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 Bottoms Farm & Home Realty
Investment Insights
Based on property information with market context.
This duplex at 310 and 312 Mulberry Street in Jacksonville, Arkansas, contains 1,462 square feet across two separate residences. Each unit provides 2 bedrooms and 1 bathroom, with interior updates completed in 2024 that include refreshed kitchens, bathrooms, flooring, finishes, and living areas. Covered parking serves each residence.
Constructed in 1968, the property has a roof approximately 10 years old, while major systems have been maintained as needed. Residents are responsible for utilities and lawn care. The existing two-unit layout provides a straightforward multifamily configuration in the Jacksonville market.
Constructed in 1968, the property has a roof approximately 10 years old, while major systems have been maintained as needed. Residents are responsible for utilities and lawn care. The existing two-unit layout provides a straightforward multifamily configuration in the Jacksonville market.
Key Highlights
- Two‑unit duplex at 310 and 312 Mulberry Street
- 1,462 square feet with two separate residences
- Each unit includes 2 bedrooms and 1 bathroom
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
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer refreshed interiors, covered parking, and a practical rental configuration.
Where is this duplex located?
The property is located at 310 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 at 310 and 312 Mulberry Street; 1,462 square feet with two separate residences; Each unit includes 2 bedrooms and 1 bathroom
