Vacant Duplex with
For Sale
$159,000
A-324 Gannt St, Marion, AR 72364
Thermal windows and completed updates support a property requiring final cleaning, cosmetic work, and finishing before occupancy.
Property Size1,798 SF
Price / SF$88.43
Days on Market60
Property Features for A-324 Gannt St
General Information
Standard status
Active
Size
1,798 SF
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
cosmetic touch ups
Additional Details
Multifamily Units
2
Listing Agency:
Integrated Assets
Listed By:
Glenn McDonald · License ##267657
(901) 289-1374
Source:
Exprealty
Added: Sep 3
Changed: Oct 31
Last Checked: Oct 30 at 6:03PM
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 Integrated Assets
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Investment Insights
Based on property information with market context.
This approximately 1,798-square-foot duplex contains two units and is currently unoccupied. Thermal windows and numerous updates are already in place, while the remaining work includes final cleaning, cosmetic touch-ups, and completion of unfinished items. The property is being offered in its present condition, giving the next owner control over the final improvement scope.
Located in Marion, Arkansas, the property provides access to shopping, schools, employment centers, and amenities associated with the Memphis metropolitan area. Its two-unit format supports residential income use, subject to verification of the unit configuration and other property details.
Located in Marion, Arkansas, the property provides access to shopping, schools, employment centers, and amenities associated with the Memphis metropolitan area. Its two-unit format supports residential income use, subject to verification of the unit configuration and other property details.
Key Highlights
- Approximately 1,798 SF duplex with 2 units
- Vacant property with no tenant relocation required
- Thermal windows installed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,058
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$201,160
$201.2K
Cap Rate 7%
$143,686
$143.7K
Cap Rate 9%
$111,756
$111.8K
Market Conditions
NOI Build-Up for 1,798 SF
Gross rent
$16.2K $9.00/SF
− Vacancy
−$1.8K −$1.01/SF
EGI
$14.4K $7.99/SF
− OpEx
−$4.3K −$2.40/SF
NOI
$10.1K $5.59/SF
Area
Crittenden County, AR
Vacancy
11.21%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$201,160
Cap Rate 7%
$143,686
Cap Rate 9%
$111,756
Alternative Uses
Best Use
Multifamily LT 5
$143.7K
$125.7K – $167.6K
NOI $10,058 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$131.6K
$115.1K – $153.5K
NOI $9,211 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$328.8K
$287.7K – $383.6K
NOI $23,017 @ 7.0% cap · market cap 14.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
238
Businesses Nearby
Explore this area
Business Placement
Demographics for 72364, AR
16,394
Population
6,415
Households
2.6
Avg Household Size
36
Median Age
23%
College-Educated
90%
High-School Grad
80.0 sq mi
ZIP Area
205
Density / Sq Mi
$76,118
Median Household Income
$46,529
Median Earnings
$1,025
Median Rent
$206,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Thermal windows and completed updates support a property requiring final cleaning, cosmetic work, and finishing before occupancy.
Where is this duplex located?
The property is located at A-324 Gannt St Marion, AR.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: Approximately 1,798 SF duplex with 2 units; Vacant property with no tenant relocation required; Thermal windows installed
