Three-Bedroom
318 GANNT ROAD, Marion, AR 72364
For Sale
$149,900
Residential Income, Marion, AR
Property Size1,798 SF
Price / SF$83.37
Days on Market97
Property Features for 318 GANNT ROAD
General Information
Property type
Property subtype
Interior features
Subdivision
Standard status
Size
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Sewer type
Heating system
Water source
Building Details
Number of units
Building materials
Listing Agency:
REMAX REAL ESTATE TODAY
(870) 735-4663
Listed By:
Rita Fong · License AR EB00064979
(901) 488-9590
Added: Aug 5
Changed: Oct 17
Last Checked: Nov 9 at 7:06PM
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.
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Investment Insights
Based on property information with market context.
This all-electric duplex contains 1798 square feet across two residences, with each unit offering three bedrooms and one bathroom. Both sides are currently leased. Unit A features LVP flooring throughout, fresh paint, updated cabinets, and a previously replaced water heater. Interior appliances include a dishwasher, microwave, electric range, and stove. Vinyl siding, electric heating, public water, and public sewer complete the property’s primary physical features.
Key Highlights
- 1798 sq ft duplex with two three‑bedroom, one‑bath units
- Both units are currently leased
- Unit A has LVP flooring throughout and updated cabinets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,058
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
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
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%
$201,160
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.
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - All-electric duplex with both residences leased and public water and sewer service.
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: 1798 sq ft duplex with two three‑bedroom, one‑bath units; Both units are currently leased; Unit A has LVP flooring throughout and updated cabinets
