Two-Unit Brick
New
For Sale
$280,000
607 & 609 Lenora Street, Jacksonville, AR 72076
Multi-Family, Traditional, Jacksonville, AR
Property Size1,985 SF
Lot Size0.16 Acres
Price / SF$141.06
Days on Market5
Property Features for 607 & 609 Lenora Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Interior features
Washer Connection, Dryer Connection-Electric, Primary Bedroom with Bath
Appliances
Free-Standing Stove, Dishwasher, Free-Standing Stove, Dishwasher
Subdivision
West Jacksonville #1
Lot features
Level, Corner Lot, In Subdivision
High school
Jacksonville
Directions
From Little Rock: Take US-67/167 North.Take Exit 9 (Jacksonville) then turn right onto W Main St. Go about 1/2 mile then turn near the Nixon Library area
Standard status
Active
Size
1,985 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 40/Block 0
Tax Annual Amount
2385
Legal Description
Lot 40/Block 0
Amenities
private laundry room
Building Details
Year built
2024
Floors in Building
1
Number of units
2
Flooring type
Laminate
Roof type
Shingle
Architectural style
Other
Listing Agency:
IRealty Arkansas - Sherwood
(501) 392-6298
Listed By:
Brenda Garcia
(501) 316-8340
Added: Sep 21
Last Checked: Sep 25 at 3:06AM
MLS# 26038360
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. 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 2024-built duplex contains 1,985 square feet across two residential units, each arranged with 2 bedrooms, 2 bathrooms, a private laundry room, and an open kitchen and living area. The all-brick exterior, shingle roof, laminate flooring, and primary bedrooms with private baths contribute to a straightforward, low-maintenance configuration. Each unit includes connections for a washer and electric dryer, along with a free-standing stove and dishwasher.
Set on a 0.16-acre corner lot at 607 & 609 Lenora Street in Jacksonville, the property includes a parking pad sized for up to 4 vehicles and offers quick access to the highway. The two-unit layout supports separate occupancy under one roof, with each residence providing its own bedroom, bath, kitchen, living, and laundry functions.
Set on a 0.16-acre corner lot at 607 & 609 Lenora Street in Jacksonville, the property includes a parking pad sized for up to 4 vehicles and offers quick access to the highway. The two-unit layout supports separate occupancy under one roof, with each residence providing its own bedroom, bath, kitchen, living, and laundry functions.
Key Highlights
- Two‑unit duplex completed in 2024
- 1,985 square feet across two units
- Each unit has 2 bedrooms and 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
$16,682
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
5.96%
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%
$333,640
$333.6K
Cap Rate 7%
$238,314
$238.3K
Cap Rate 9%
$185,356
$185.4K
Market Conditions
NOI Build-Up for 1,985 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
$25.5K $12.84/SF
− Vacancy
−$1.7K −$0.83/SF
EGI
$23.8K $12.01/SF
− OpEx
−$7.1K −$3.60/SF
NOI
$16.7K $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%
$333,640
Cap Rate 7%
$238,314
Cap Rate 9%
$185,356
Alternative Uses
Best Use
Multifamily LT 5
$238.3K
$208.5K – $278.0K
NOI $16,682 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$213.3K
$186.7K – $248.9K
NOI $14,933 @ 7.0% cap · market cap 5.33%
Theoretical Best
Specialty Retail
$378.6K
$331.3K – $441.8K
NOI $26,505 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
848
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
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?
Duplex - New-construction duplex with private laundry rooms, open living areas, and parking for multiple vehicles.
Where is this duplex located?
The property is located at 607 & 609 Lenora Street Jacksonville, AR.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Two‑unit duplex completed in 2024; 1,985 square feet across two units; Each unit has 2 bedrooms and 2 bathrooms
