New Construction
For Sale
$380,000
409 & 411 E Center Street, Jacksonville, AR 72076
Two-unit property with all-brick-and-stone construction, private garages, and three-bedroom layouts.
Property Size2,718 SF
Price / SF$139.81
Days on Market8
Property Features for 409 & 411 E Center Street
General Information
Standard status
Active
Size
2,718 SF
Total Parking Spaces
2
Property subtype
Multi-family
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Amenities
hall laundry
Building Details
Buildings
1
Construction
brick/stone
Listing Agency:
Fathom Realty Central
(888) 455-6040
Listed By:
Miekka Maile
(501) 941-8830
Source:
Heilesassociatesrealtors
Added: Aug 26
Changed: Aug 29
Last Checked: Aug 31 at 5:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fathom Realty Central
Investment Insights
Based on property information with market context.
This new-construction duplex at 409 & 411 E Center Street in Jacksonville, AR, contains 2,718 square feet across two residential units. Each unit offers 3 bedrooms and 2 1/2 bathrooms, with a one-car garage connected to the lower-level living area and a half bath downstairs.
The upper level includes a primary bedroom with a private bathroom and walk-in closet, along with two additional bedrooms and a shared bathroom. Hall laundry areas serve each unit, and luxury vinyl flooring extends throughout the interiors. The property features all-brick-and-stone construction.
The upper level includes a primary bedroom with a private bathroom and walk-in closet, along with two additional bedrooms and a shared bathroom. Hall laundry areas serve each unit, and luxury vinyl flooring extends throughout the interiors. The property features all-brick-and-stone construction.
Key Highlights
- New‑construction duplex with 2,718 square feet
- Each unit includes 3 bedrooms and 2 1/2 bathrooms
- One‑car garage for each unit with direct access to downstairs living space
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
$22,841
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
6.01%
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%
$456,820
$456.8K
Cap Rate 7%
$326,300
$326.3K
Cap Rate 9%
$253,789
$253.8K
Market Conditions
NOI Build-Up for 2,718 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
$34.9K $12.84/SF
− Vacancy
−$2.3K −$0.83/SF
EGI
$32.6K $12.01/SF
− OpEx
−$9.8K −$3.60/SF
NOI
$22.8K $8.40/SF
Area
Pulaski County, AR
Vacancy
6.50%
Lease Rate
$12.84 /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%
$456,820
Cap Rate 7%
$326,300
Cap Rate 9%
$253,789
Alternative Uses
Best Use
Multifamily LT 5
$326.3K
$285.5K – $380.7K
NOI $22,841 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$292.1K
$255.6K – $340.8K
NOI $20,447 @ 7.0% cap · market cap 5.38%
Theoretical Best
Specialty Retail
$518.5K
$453.7K – $604.9K
NOI $36,292 @ 7.0% cap · market cap 9.55%
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
344
Businesses Nearby
Explore this area
Business Placement
Demographics for 72076, AR
38,443
Population
17,780
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
90%
High-School Grad
72.7 sq mi
ZIP Area
529
Density / Sq Mi
$53,048
Median Household Income
$36,189
Median Earnings
$917
Median Rent
$155,600
Median Home Value
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-unit property with all-brick-and-stone construction, private garages, and three-bedroom layouts.
Where is this duplex located?
The property is located at 409 & 411 E Center Street Jacksonville, AR.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: New‑construction duplex with 2,718 square feet; Each unit includes 3 bedrooms and 2 1/2 bathrooms; One‑car garage for each unit with direct access to downstairs living space
