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    Jacksonville Multifamily Investment Opportunity Title is generated by Realmo AI

    917 Ruth Ann Drive, Jacksonville, AR 72076

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    Claim this Listing
    New
    For Sale
    $560,000

    Traditional, Duplex - Jacksonville, AR

    Type:Duplex
    Property size:
    1,721 SF
    Lot size:
    0.05 Acres
    Price / SF:
    $325/SF
    Added:
    May 14, 2026
    Days on Market:
    3
    Last Refresh:
    May 16 at 9:06 am

    Property Features for 917 Ruth Ann Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Zoning
    R4
    Parking features
    None
    Interior features
    Attic Vent-turbo, Washer Connection, Dryer Connection-electric
    Exterior features
    Partially Fenced, Chain Link, Wood Fence
    Fencing
    Chain Link, Fenced, Partial, Wood
    Standard status
    Active
    APN
    See Attach Documents
    Size
    1,721 SF
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4093.04

    Utilities

    Utilities
    Electricity Available
    Heating system
    Central, Natural Gas
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1985
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Carpet, Carpet - Partial, Tile, Vinyl
    Building materials
    Vinyl Siding
    Roof type
    Shingle
    Architectural style
    New Traditional

    We can help!

    Listing Contact
    Mital Patel

    Listing agent Mital Patel

    Listing office Alethes Realty 220 S. Commerce Ave, Russellville, AR

    Listing date May 14, 2026

    MLS# 26019514 Listing URL

    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.

    HighLights

    • Great Location near the park
    • Newly renovated kitchen with stainless steel appliances
    • Spacious backyard perfect for entertaining
    • Hardwood floors throughout the house
    • Walking distance to local shops and restaurants
    • Attached garage with ample storage space

    Overview

    This is a seven-unit multifamily investment portfolio located in Jacksonville, Arkansas. The units consist of a mix of two-bedroom, one-and-a-half-bathroom and three-bedroom, two-bathroom layouts. The current gross scheduled income is approximately $56,520 annually. The property is offered at approximately a 6% cap rate based on current income, with additional upside through rental adjustments and operational improvements. The portfolio includes multiple floor plans with a stable occupancy history and potential for increased returns through minor cosmetic updates and management improvements. Its convenient location near Little Rock Air Force Base (LRAFB), major highways, shopping, and employment centers supports long-term rental demand. This is an ideal opportunity for investors seeking cash flow with future appreciation potential. The lot size is 0.05 acres and the property size is 1721 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Auto Repair Shop Daycare Center HVAC Service Grocery & Convenience Store Food Market Electrical Service Bakery Nursing Home Nursing Home

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.089577
    Latitude
    34.858185

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    FAQs

    What type of property is this?
    Duplex - Seven-unit multifamily investment portfolio in Jacksonville, Arkansas.
    Where is this duplex located?
    The property is located at 917 Ruth Ann Drive Jacksonville, AR.
    What is the asking price?
    The asking price for this property is $560,000.
    What are key features of this property?
    This property features: Great Location near the park; Newly renovated kitchen with stainless steel appliances; Spacious backyard perfect for entertaining
    (501) 773-7377
    We can help!
    Listing Contact
    Mital Patel
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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