6-Unit Apartment
For Sale
$699,900
1012 N Main St, Jonesboro, AR 72401
Multi-Family, Traditional, Jonesboro, AR
Property Size5,940 SF
Lot Size0.57 Acres
Price / SF$117.83
Days on Market140
Property Features for 1012 N Main St
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Bedrooms
12
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 6, Bedroom 11, Bedroom 5, Bedroom 4, Bathroom 1, Bathroom 6, Bedroom 1, Bedroom 8, Bedroom 12, Bedroom 10, Bathroom 3, Bedroom 2, Bedroom 7, Bathroom 5, Bathroom 4, Bedroom 3, Bedroom 9, Bathroom 2
Patio and Porch features
Porch
Interior features
Washer-Stays, Dryer-Stays, Hot Water Heater-Electric
Exterior features
Partially Fenced, Porch, Chain Link
Fencing
Chain Link, Partial
Appliances
Built-In Stove, Electric Range, Dishwasher, Disposal, Refrigerator-Stays, Built-In Stove, Electric Range, Dishwasher, Disposal, Refrigerator-Stays
Subdivision
Cartwright
Lot features
Level
Elementary school
JONESBORO
Middle school
JONESBORO
High school
JONESBORO
Directions
From Johnson, N on Main St, at N Main Baptist Church veer left, property ahead on your R.
Standard status
Active
APN
01-144073-01400
Size
5,940 SF
Lot size
0.57 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 1 Brookerson Replat
Tax Annual Amount
4798
Legal Description
Lot 1 Brookerson Replat
Amenities
covered front porches
parking
fencing
Building Details
Year built
2018
Floors in Building
1
Number of units
6
Flooring type
Concrete
Roof type
Shingle
Architectural style
Other
Listing Agency:
Compass Rose Realty
(870) 336-1008
Listed By:
Andrea Andrews
(870) 761-7774
Added: Apr 16
Changed: Aug 27
Last Checked: Sep 2 at 7:06PM
MLS# 26015226
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.
Investment Insights
Based on property information with market context.
This 6-unit apartment property consists of three duplex buildings constructed in 2018 on a 0.57-acre R-3 zoned lot. Each residence provides approximately 990 square feet with two bedrooms, a full bathroom, a laundry room, and an open living area connected to the kitchen. Interior finishes include concrete flooring, granite countertops, tray ceilings, and closet shelving. Kitchens are equipped with an electric range, built-in microwave, dishwasher, disposal, and refrigerator, while washers and dryers remain with the property.
The buildings feature brick exteriors, shingle roofs, covered front porches, parking areas, and partial chain-link fencing. Each unit has a separate electric meter; the owner pays utilities and cable. All 6 units are currently occupied, and the property is located near downtown Jonesboro and local amenities.
The buildings feature brick exteriors, shingle roofs, covered front porches, parking areas, and partial chain-link fencing. Each unit has a separate electric meter; the owner pays utilities and cable. All 6 units are currently occupied, and the property is located near downtown Jonesboro and local amenities.
Key Highlights
- 6 units currently occupied
- Three duplexes built in 2018 on a .57 +/- acre R‑3 zoned lot
- Each unit contains 990 sf +/- with two bedrooms and one full bathroom
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
$35,632
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
5.09%
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%
$712,640
$712.6K
Cap Rate 7%
$509,029
$509.0K
Cap Rate 9%
$395,911
$395.9K
Market Conditions
NOI Build-Up for 5,940 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
$69.1K $11.64/SF
− Vacancy
−$4.4K −$0.73/SF
EGI
$64.8K $10.91/SF
− OpEx
−$29.2K −$4.91/SF
NOI
$35.6K $6.00/SF
Area
Craighead County, AR
Vacancy
6.30%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
45.00%
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%
$712,640
Cap Rate 7%
$509,029
Cap Rate 9%
$395,911
Alternative Uses
Best Use
Apartment 5plus
$509.0K
$445.4K – $593.9K
NOI $35,632 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$910.0K – $1.21M
NOI $72,796 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
139
Businesses Nearby
Explore this area
Business Placement
Demographics for 72401, AR
43,127
Population
19,328
Households
2.2
Avg Household Size
33
Median Age
23%
College-Educated
89%
High-School Grad
88.5 sq mi
ZIP Area
487
Density / Sq Mi
$43,412
Median Household Income
$32,970
Median Earnings
$897
Median Rent
$185,400
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?
Apartment building - Three brick duplexes offer covered porches, separate electric meters, fenced areas, and resident-ready interiors near downtown.
Where is this apartment building located?
The property is located at 1012 N Main St Jonesboro, AR.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 6 units currently occupied; Three duplexes built in 2018 on a .57 +/- acre R‑3 zoned lot; Each unit contains 990 sf +/- with two bedrooms and one full bathroom
