Lincoln, AR Duplex
For Sale
$310,000
610 Jason Place, Lincoln, AR 72744
MULTI_FAMILY - Lincoln, AR
Property Size2,280 SF
Lot Size0.39 Acres
Price / SF$135.96
Days on Market168
Property Features for 610 Jason Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Patio and Porch features
Patio
Appliances
Dishwasher, GasWaterHeater
Subdivision
Harvey Add
Lot features
Cleared
Directions
From hwy 62 in Lincoln, South on Lincoln Ave, east on Adams, north on Jason, property on the right
Standard status
Active
APN
790-18479-000
Size
2,280 SF
Lot size
0.39 Acres
Taxes and HOA fees
Tax Annual Amount
2093
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2004
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
Twin Oaks Realty, Inc
(479) 824-4434
Listed By:
Stanley Oller · License #SA00084080
(479) 790-7967
Added: Mar 9
Changed: Jul 18
Last Checked: Aug 23 at 2:06PM
MLS# 1338625
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.
These duplexes offer a low-maintenance investment opportunity with tile flooring and durable exteriors. Each unit features 3 bedrooms and 2 bathrooms, along with a washer and dryer that conveys with the property. A detached storage building for each unit provides additional tenant value. The property is currently 100% occupied, reflecting a strong demand for affordable housing in the area. Two duplexes are available side by side. The total property size is 2280 square feet, situated on a 0.3855-acre lot. The property is located in Lincoln, AR. While current rents are below market value, maintenance and repairs are minimal. One unit is available for showing, with others accessible during the inspection phase.
Key Highlights
- Fully rented with 100% occupancy, ensuring immediate income.
- Maintenance‑free exteriors and tile flooring simplify ownership.
- Each unit includes 3 bedrooms, 2 baths, and a washer/dryer.
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
$20,518
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
6.62%
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%
$410,360
$410.4K
Cap Rate 7%
$293,114
$293.1K
Cap Rate 9%
$227,978
$228.0K
Market Conditions
NOI Build-Up for 2,280 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
$31.5K $13.80/SF
− Vacancy
−$2.2K −$0.94/SF
EGI
$29.3K $12.86/SF
− OpEx
−$8.8K −$3.86/SF
NOI
$20.5K $9.00/SF
Area
Washington County, AR
Vacancy
6.84%
Lease Rate
$13.80 /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%
$410,360
Cap Rate 7%
$293,114
Cap Rate 9%
$227,978
Alternative Uses
Best Use
Multifamily LT 5
$293.1K
$256.5K – $342.0K
NOI $20,518 @ 7.0% cap · market cap 6.62%
Second Best
Apartment 5plus
$259.3K
$226.9K – $302.6K
NOI $18,154 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$612.0K
$535.5K – $714.0K
NOI $42,839 @ 7.0% cap · market cap 13.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
Explore this area
Business Placement
Demographics for 72744, AR
5,227
Population
2,196
Households
2.4
Avg Household Size
40
Median Age
12%
College-Educated
88%
High-School Grad
79.0 sq mi
ZIP Area
66
Density / Sq Mi
$63,077
Median Household Income
$41,667
Median Earnings
$1,093
Median Rent
$168,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two fully rented duplexes with strong occupancy and low maintenance.
Where is this duplex located?
The property is located at 610 Jason Place Lincoln, AR.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Fully rented with **100% occupancy**, ensuring immediate income.; Maintenance‑free exteriors and **tile flooring simplify ownership**.; Each unit includes 3 bedrooms, 2 baths, and a washer/dryer.
