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    2209 Spence Cir Jonesboro, AR 72401

    For Sale
    $389,900

    Apartments, Traditional - Jonesboro, AR

    Property size:
    1,584 SF
    Days on Market:
    72
    Last Refresh:
    Dec 5 at 5:06 pm

    Property Features for 2209 Spence Cir

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R3
    Parking features
    None
    Interior features
    Washer Connection, Dryer Connection-electric
    Appliances
    Dishwasher, Range, Washer
    Size
    1,584 SF

    Utilities

    Utilities
    Electricity Available
    Cooling system
    Central Air, Electric

    Building Details

    Floors in Building
    1
    Number of units
    5
    Flooring type
    Vinyl
    Building materials
    Brick
    Roof type
    Shingle
    Architectural style
    New Traditional

    Halsey Thrasher Harpole Real Estate Group (870) 972-9191

    Listing agent Jon Moore (870) 972-9191

    Listing date Sep 25, 2025

    MLS# 25038605 Listing URL

    Copyright © 2025 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.

    Overview

    Jonesboro Multifamily Investment Opportunity

    This multifamily property is centrally located in Jonesboro, Arkansas. The property consists of 5 units. The units were remodeled approximately 4 years ago with new floors, cabinets, and paint. The roof and HVAC system are 5 years old. The property is zoned R3 and has a property size of 1584 square feet. The lot size is 0 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.679783
    Latitude
    35.811928

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    FAQs

    What type of property is this?
    Apartment building - Centrally located, remodeled multifamily units in Jonesboro, Arkansas.
    Where is this apartment building located?
    The property is located at 2209 Spence Cir Jonesboro, AR.
    What is the asking price?
    The asking price for this property is $389,900.
    What are key features of this property?
    This property features: - Centrally located multi-family units offer strong investment potential.; - Recently remodeled units with new floors, cabinets, and paint (approximately 4 years ago).; - Relatively new roof and HVAC system (5 years old).
    (870) 972-9191
    Request Owner's contact information
    2209 Spence Cir Jonesboro, AR 72401
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    Realmo Value Estimation

    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.

    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.

    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
    2209 Spence Cir Jonesboro, AR 72401
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