7-Unit Multifamily
New
For Sale
$510,000
917 Ruth Ann Drive, Jacksonville, AR 72076
Multi-Family, Traditional, Jacksonville, AR
Property Size5,955 SF
Lot Size0.05 Acres
Price / SF$85.64
Days on Market3
Property Features for 917 Ruth Ann Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Interior features
Washer Connection, Hot Water Heater-Gas
Appliances
Free-Standing Stove, Dishwasher, Free-Standing Stove, Dishwasher
Subdivision
Briarfield Section #4
Lot features
Level
Directions
From US-67/167, take the Main Street exit into Jacksonville. Continue north on Main Street and turn onto Ruth Ann Drive. The property at 917 Ruth Ann Drive will be on the right.
Standard status
Active
Size
5,955 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 58/0
Tax Annual Amount
4093
Legal Description
Lot 58/0
Building Details
Year built
1985
Floors in Building
1
Number of units
7
Flooring type
Carpet - Partial, Vinyl, Tile
Roof type
Shingle
Architectural style
Other
Listing Agency:
Alethes Realty
(479) 968-5668
Listed By:
Mital Patel · License #SA00095561
(501) 773-7377
Added: Oct 14
Last Checked: Oct 16 at 12:06PM
MLS# 26041593
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.
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Investment Insights
Based on property information with market context.
This multifamily portfolio contains seven residential rental units across four parcels, with approximately 5,955 square feet of building area. The unit mix includes two-bedroom, one-bath residences and three-bedroom, two-bath residences. Renovation work was completed in 2024, and reported occupancy is 100%. Interior features include washer connections and gas water heaters; appliances include stoves and dishwashers.
The properties are located at 917, 919, 1103, 1109, 1111, 1113 and 1115 Ruth Ann Drive in Jacksonville, Arkansas. Together, the addresses form a multi-parcel residential rental portfolio.
The properties are located at 917, 919, 1103, 1109, 1111, 1113 and 1115 Ruth Ann Drive in Jacksonville, Arkansas. Together, the addresses form a multi-parcel residential rental portfolio.
Key Highlights
- Seven residential rental units distributed across four parcels
- Approximately 5,955 square feet of building area
- Unit mix of 2‑bedroom/1‑bath and 3‑bedroom/2‑bath residences
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.
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Property Analytics
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Current Use
Lease Details
7
Residential units
100%
Occupancy
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 - Renovated in 2024, the occupied rental collection includes a mix of two- and three-bedroom residences.
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: Seven residential rental units distributed across four parcels; Approximately 5,955 square feet of building area; Unit mix of 2‑bedroom/1‑bath and 3‑bedroom/2‑bath residences
