Two-Level Duplex with Assigned
For Sale
$235,000
319 W 19th Street, Russellville, AR 72801
MULTI_FAMILY - Russellville, AR
Property Size2,720 SF
Lot Size0.28 Acres
Price / SF$86.40
Days on Market14
Property Features for 319 W 19th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
5
Full bathrooms
3
Half bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 5, Bathroom 3, Bathroom 4, Bedroom 4, Bedroom 5, Bathroom 1
Parking features
Assigned
Exterior features
ConcreteDriveway
Appliances
ElectricWaterHeater
Subdivision
Carl Sullivan
Lot features
Cleared, City Lot
Directions
From Hwy 7 south (S Arkansas Avenue), turn west onto W 19th Street. Proceed west on 19th St and past S Commerce and before S El Paso. 319 and 321 W 19th St duplex is located on the left side of the street. Parking is behind the duplex.
Standard status
Active
APN
926-00004-000R
Size
2,720 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Description
W 85FT LOT 2 CITY OF RUSSELLVILLE
Tax Annual Amount
990
Legal Description
W 85FT LOT 2 CITY OF RUSSELLVILLE
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1975
Floors in Building
2
Number of units
2
Flooring type
Vinyl
Building materials
Brick, Masonite
Roof type
Asphalt, Shingle
Listing Agency:
Arkansas Real Estate Collective
(479) 280-1999
Listed By:
Jamie Dudley · License #SA00076274
(479) 970-2541
Added: Jul 29
Changed: Aug 10
Last Checked: Aug 11 at 7:06PM
MLS# 1357129
Copyright © 2026 ArkansasONE MLS. 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 2,720 square feet on a 0.2849-acre lot and was built in 1975. Both residences are arranged across two levels. The 319 W 19th Street unit includes two bedrooms and 1 1/2 bathrooms, while the 321 W 19th Street unit offers three bedrooms and 2 1/2 bathrooms.
Property features include brick and Masonite construction, vinyl flooring, central heating, central air, asphalt shingle roofing, electric water heating, assigned parking, and a concrete driveway. The property includes separate addresses at 319 and 321 W 19th Street in Russellville, Arkansas.
Property features include brick and Masonite construction, vinyl flooring, central heating, central air, asphalt shingle roofing, electric water heating, assigned parking, and a concrete driveway. The property includes separate addresses at 319 and 321 W 19th Street in Russellville, Arkansas.
Key Highlights
- 2,720 square feet on a 0.2849‑acre lot
- Two residences, each arranged across two levels
- 319 W 19th Street: 2 bedrooms and 1 1/2 bathrooms
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
$18,203
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
7.75%
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%
$364,060
$364.1K
Cap Rate 7%
$260,043
$260.0K
Cap Rate 9%
$202,256
$202.3K
Market Conditions
NOI Build-Up for 2,720 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
$27.7K $10.20/SF
− Vacancy
−$1.7K −$0.64/SF
EGI
$26.0K $9.56/SF
− OpEx
−$7.8K −$2.87/SF
NOI
$18.2K $6.69/SF
Area
Pope County, AR
Vacancy
6.27%
Lease Rate
$10.20 /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%
$364,060
Cap Rate 7%
$260,043
Cap Rate 9%
$202,256
Alternative Uses
Best Use
Multifamily LT 5
$260.0K
$227.5K – $303.4K
NOI $18,203 @ 7.0% cap · market cap 7.75%
Second Best
Apartment 5plus
$232.3K
$203.3K – $271.1K
NOI $16,264 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$434.6K
$380.3K – $507.0K
NOI $30,420 @ 7.0% cap · market cap 12.94%
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
162
Businesses Nearby
Explore this area
Business Placement
Demographics for 72801, AR
18,510
Population
7,530
Households
2.5
Avg Household Size
29
Median Age
26%
College-Educated
82%
High-School Grad
8.0 sq mi
ZIP Area
2,314
Density / Sq Mi
$42,363
Median Household Income
$22,473
Median Earnings
$837
Median Rent
$153,900
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 - Brick and Masonite duplex with central heating and air conditioning, vinyl flooring, and a concrete driveway.
Where is this duplex located?
The property is located at 319 W 19th Street Russellville, AR.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 2,720 square feet on a 0.2849‑acre lot; Two residences, each arranged across two levels; 319 W 19th Street: 2 bedrooms and 1 1/2 bathrooms
