Two-Unit Duplex with Central
For Sale
$235,000
319 W 19th Street, Russellville, AR 72801
Residential, Russellville, AR
Property Size2,720 SF
Lot Size0.28 Acres
Price / SF$86.40
Days on Market60
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 4, Bathroom 1, Bedroom 5, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 2, Bathroom 5, Bedroom 1, Bedroom 3
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
Shingle, Asphalt
Listing Agency:
Arkansas Real Estate Collective
(479) 280-1999
Listed By:
Jamie Dudley · License #SA00076274
(479) 970-2541
Added: Jul 29
Changed: Sep 16
Last Checked: Sep 26 at 3:06PM
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 across two two-level residences at 319 and 321 W 19th Street. The 319 residence includes 2 bedrooms and 1 1/2 bathrooms, while the 321 residence provides 3 bedrooms and 2 1/2 bathrooms. Construction combines brick and Masonite siding, with vinyl flooring, central heating and central air conditioning, electric water heating, shingle and asphalt roofing, and a concrete driveway. The property was built in 1975 and includes assigned parking.
The duplex occupies a 0.2849-acre lot in Russellville, Arkansas. Its two-unit configuration and differing floor plans provide a clear physical layout for separate residential occupancy, with both residences arranged across two levels.
The duplex occupies a 0.2849-acre lot in Russellville, Arkansas. Its two-unit configuration and differing floor plans provide a clear physical layout for separate residential occupancy, with both residences arranged across two levels.
Key Highlights
- 2,720‑square‑foot duplex with two residential units
- Unit at 319 W 19th St has 2 bedrooms and 1 1/2 bathrooms
- Unit at 321 W 19th St has 3 bedrooms and 2 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
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 residences offer distinct bedroom and bath configurations, assigned parking, 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‑foot duplex with two residential units; Unit at 319 W 19th St has 2 bedrooms and 1 1/2 bathrooms; Unit at 321 W 19th St has 3 bedrooms and 2 1/2 bathrooms
