Leased Duplex with Updated
New
For Sale
$149,900
318 GANNT ROAD, Marion, AR 72364
MULTI_FAMILY - Marion, AR
Property Size1,798 SF
Price / SF$83.37
Days on Market5
Property Features for 318 GANNT ROAD
General Information
Property type
Residential Multi Family
Property subtype
Other
Interior features
Dishwasher, Microwave, Range-Electric, Stove
Subdivision
Crittenden
Standard status
Active
Size
1,798 SF
Taxes and HOA fees
Tax Description
Lot 9 Gannt Lane
Legal Description
Lot 9 Gannt Lane
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public
Building Details
Number of units
2
Building materials
Vinyl Siding
Listing Agency:
REMAX REAL ESTATE TODAY
(870) 735-4663
Listed By:
Rita Fong · License #EB00064979
(901) 488-9590
Added: Aug 5
Last Checked: Aug 9 at 8:06AM
MLS# 46777
Copyright © 2026 Eastern Arkansas REALTORS® Association. 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 all-electric duplex contains 1,798 square feet across two residential units, each arranged with three bedrooms and one bathroom. Both sides are currently leased. Unit A has received interior updates including luxury vinyl plank flooring, fresh paint, and refreshed cabinetry, while its water heater has also been replaced. The property includes dishwashers, microwaves, electric ranges, and stoves. Vinyl siding, electric heat, public water, and public sewer complete the primary property systems.
Key Highlights
- 1,798‑square‑foot duplex with two three‑bedroom, one‑bath units
- Both units are currently leased
- Unit A features LVP flooring, new paint, and updated cabinets
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
$10,058
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
6.71%
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%
$201,160
$201.2K
Cap Rate 7%
$143,686
$143.7K
Cap Rate 9%
$111,756
$111.8K
Market Conditions
NOI Build-Up for 1,798 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
$16.2K $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 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%
$201,160
Cap Rate 7%
$143,686
Cap Rate 9%
$111,756
Alternative Uses
Best Use
Multifamily LT 5
$143.7K
$125.7K – $167.6K
NOI $10,058 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$131.6K
$115.1K – $153.5K
NOI $9,211 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$328.8K
$287.7K – $383.6K
NOI $23,017 @ 7.0% cap · market cap 15.35%
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
133
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
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 three-bedroom residences offer an all-electric configuration with both units currently leased.
Where is this duplex located?
The property is located at 318 GANNT ROAD Marion, AR.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: 1,798‑square‑foot duplex with two three‑bedroom, one‑bath units; Both units are currently leased; Unit A features LVP flooring, new paint, and updated cabinets
