7-Unit Multifamily
For Sale
$510,000
917 Ruth Ann Drive, Jacksonville, AR 72076
The residential rentals include two- and three-bedroom layouts and underwent renovation in 2024.
Property Size5,955 SF
Lot Size0.35 Acres
Price / SF$85.64
Days on Market18
Property Features for 917 Ruth Ann Drive
General Information
Standard status
Active
Size
5,955 SF
Lot size
0.35 Acres
Property subtype
Multi Family Home
Zoning
R4
Occupancy
100%
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Asking Price
$510,000
Amenities
Washer Connection
Hot Water Heater-Gas
Building Details
Year Built
1985
Year Renovated
2024
Stories
1
Units
7
Building Size
5,955 SF
Tenancy
Multi
Listing Agency:
Alethes Realty
(479) 968-5668
Listed By:
Mital Patel · License #SA00095561
(501) 773-7377
Source:
Esqbrokers
Added: Oct 14
Changed: Oct 25
Last Checked: Oct 29 at 6:43PM
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 Alethes Realty
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Investment Insights
Based on property information with market context.
This Jacksonville multifamily portfolio contains 7 residential rental units distributed across 4 parcels. The unit mix includes 2-bedroom/1-bath and 3-bedroom/2-bath residences, with approximately 5,955 square feet of building area on 0.35 acres. Built in 1985, the properties were renovated in 2024 and are reported at 100% occupancy.
The parcels are located at 917, 919, 1103, 1109, 1111, 1113, and 1115 Ruth Ann Drive. Zoning is R4.
The parcels are located at 917, 919, 1103, 1109, 1111, 1113, and 1115 Ruth Ann Drive. Zoning is R4.
Key Highlights
- 7 residential rental units across 4 parcels
- Unit mix of 2‑bedroom/1‑bath and 3‑bedroom/2‑bath residences
- Approximately 5,955 square feet on 0.35 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,798
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$895,960
$896.0K
Cap Rate 7%
$639,971
$640.0K
Cap Rate 9%
$497,756
$497.8K
Market Conditions
NOI Build-Up for 5,955 SF
Gross rent
$86.5K $14.52/SF
− Vacancy
−$5.0K −$0.84/SF
EGI
$81.5K $13.68/SF
− OpEx
−$36.7K −$6.16/SF
NOI
$44.8K $7.52/SF
Area
Pulaski County, AR
Vacancy
5.80%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$895,960
Cap Rate 7%
$639,971
Cap Rate 9%
$497,756
Alternative Uses
Best Use
Apartment 5plus
$640.0K
$560.0K – $746.6K
NOI $44,798 @ 7.0% cap · market cap 8.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.14M
$993.9K – $1.33M
NOI $79,515 @ 7.0% cap · market cap 15.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
44
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - The residential rentals include two- and three-bedroom layouts and underwent renovation in 2024.
Where is this multifamily property located?
The property is located at 917 Ruth Ann Drive Jacksonville, AR.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: 7 residential rental units across 4 parcels; Unit mix of 2‑bedroom/1‑bath and 3‑bedroom/2‑bath residences; Approximately 5,955 square feet on 0.35 acres
