Two-Unit
New
For Sale
$191,000
408 Joplin Place, Russellville, AR 72801
Residential, Russellville, AR
Property Size1,796 SF
Lot Size0.19 Acres
Price / SF$106.35
Days on Market3
Property Features for 408 Joplin Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 3
Parking features
Assigned
Appliances
Dishwasher, ElectricRange, ElectricWaterHeater, Refrigerator, Washer
Subdivision
D Barger M White
Lot features
Cul De Sac, City Lot, Level
Elementary school district
Russellville
Middle school district
Russellville
High school district
Russellville
Directions
Take West Main to Joplin Ave.(right) and vear left on Joplin Place. Duplex will be on the right.
Standard status
Active
APN
822-00010-000R
Size
1,796 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Description
NO 70' OF LOT 1 BLK 2 Donald Barger & Madison White Addn. to the CITY OF RUSSELLVILLE, Pope county, AR
Tax Annual Amount
880
Legal Description
NO 70' OF LOT 1 BLK 2 Donald Barger & Madison White Addn. to the CITY OF RUSSELLVILLE, Pope county, AR
Utilities
Heating system
Central
Cooling system
Electric
Building Details
Year built
1978
Floors in Building
1
Number of units
1
Flooring type
Vinyl, Laminate, Carpet
Building materials
Brick, WoodSiding
Roof type
Fiberglass, Shingle
Listing Agency:
River Valley Realty, Inc
(479) 968-6260
Listed By:
Dianne Abington · License #EB00010461
(479) 970-9543
Added: Nov 2
Last Checked: Nov 4 at 6:06AM
MLS# 1366632
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.
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Investment Insights
Based on property information with market context.
Built in 1978, this duplex contains 1,796 square feet across two residences, each with two bedrooms and one bathroom. The 0.1861-acre parcel is improved with a brick and wood-sided structure. Interior finishes include carpet, laminate, and vinyl flooring.
Property features include central heating, electric cooling, assigned parking, and a shingle and fiberglass roof. Appliances include a dishwasher, electric range, electric water heater, refrigerator, and washer.
Property features include central heating, electric cooling, assigned parking, and a shingle and fiberglass roof. Appliances include a dishwasher, electric range, electric water heater, refrigerator, and washer.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,796 square feet of building area
- Built in 1978
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,019
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$240,380
$240.4K
Cap Rate 7%
$171,700
$171.7K
Cap Rate 9%
$133,544
$133.5K
Market Conditions
NOI Build-Up for 1,796 SF
Gross rent
$18.3K $10.20/SF
− Vacancy
−$1.1K −$0.64/SF
EGI
$17.2K $9.56/SF
− OpEx
−$5.2K −$2.87/SF
NOI
$12.0K $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 Rate 5%
$240,380
Cap Rate 7%
$171,700
Cap Rate 9%
$133,544
Alternative Uses
Best Use
Multifamily LT 5
$171.7K
$150.2K – $200.3K
NOI $12,019 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$153.4K
$134.2K – $179.0K
NOI $10,739 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$286.9K
$251.1K – $334.8K
NOI $20,086 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
498
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence is configured with two bedrooms and one bathroom.
Where is this duplex located?
The property is located at 408 Joplin Place Russellville, AR.
What is the asking price?
The asking price for this property is $191,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,796 square feet of building area; Built in 1978
