Four-Unit Residential
For Sale
$400,000
401 W 19th Street, Russellville, AR 72801
Residential, Russellville, AR
Property Size3,804 SF
Lot Size0.58 Acres
Price / SF$105.15
Days on Market57
Property Features for 401 W 19th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 3
Parking features
Carport
Exterior features
ConcreteDriveway
Appliances
ElectricWaterHeater
Subdivision
Rsvl By Sections
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. 401 and 403 W 19th St duplex is located on the left side of the street. Parking is in the driveway. 495 and 497 W 19th duplex is located on the left side of the street. Parking is in the driveway. The two duplexes are side-by-side on W 19th Street.
Standard status
Active
APN
860-00191-000C
Size
3,804 SF
Lot size
0.58 Acres
Taxes and HOA fees
Tax Description
PT SW NW CITY OF RUSSELLVILLE
Tax Annual Amount
1719
Legal Description
PT SW NW CITY OF RUSSELLVILLE
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1976
Floors in Building
1
Number of units
4
Flooring type
Vinyl
Building materials
Brick
Roof type
Shingle, Asphalt
Listing Agency:
Arkansas Real Estate Collective
(479) 280-1999
Listed By:
Jamie Dudley · License #SA00076274
(479) 970-2541
Added: Jul 28
Changed: Sep 16
Last Checked: Sep 22 at 12:06AM
MLS# 1357065
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 four-unit residential property consists of two duplex buildings totaling 3,804 square feet on 0.58 acres. The first duplex at 401 and 403 W 19th Street contains 2,204 square feet, with two three-bedroom, one-bath units and one-car carports. The second duplex at 495 and 497 W 19th Street contains 1,600 square feet, with two two-bedroom, one-bath units and one-car carports.
Built in 1976, the property features brick construction, vinyl flooring, central heating, central air, concrete driveways, electric water heaters, and shingle asphalt roofs. The duplexes are located in Russellville, Arkansas, with the listed properties positioned along W 19th Street.
Built in 1976, the property features brick construction, vinyl flooring, central heating, central air, concrete driveways, electric water heaters, and shingle asphalt roofs. The duplexes are located in Russellville, Arkansas, with the listed properties positioned along W 19th Street.
Key Highlights
- Two duplexes provide four residential units
- 3,804 square feet across 0.58 acres
- 401 and 403 W 19th St: 2,204 square feet with 3‑bedroom, 1‑bath units
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
$25,458
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
6.36%
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%
$509,160
$509.2K
Cap Rate 7%
$363,686
$363.7K
Cap Rate 9%
$282,867
$282.9K
Market Conditions
NOI Build-Up for 3,804 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
$38.8K $10.20/SF
− Vacancy
−$2.4K −$0.64/SF
EGI
$36.4K $9.56/SF
− OpEx
−$10.9K −$2.87/SF
NOI
$25.5K $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%
$509,160
Cap Rate 7%
$363,686
Cap Rate 9%
$282,867
Alternative Uses
Best Use
Multifamily LT 5
$363.7K
$318.2K – $424.3K
NOI $25,458 @ 7.0% cap · market cap 6.36%
Second Best
Apartment 5plus
$324.9K
$284.3K – $379.1K
NOI $22,746 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$607.8K
$531.8K – $709.1K
NOI $42,544 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Two brick duplexes offer separate residential units with carport parking and central heating and cooling.
Where is this quadplex located?
The property is located at 401 W 19th Street Russellville, AR.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two duplexes provide four residential units; 3,804 square feet across 0.58 acres; 401 and 403 W 19th St: 2,204 square feet with 3‑bedroom, 1‑bath units
