Brick Triplex with Three
For Sale
$319,900
2210 Clark Street, Jonesboro, AR 72401
Multi-Family, Jonesboro, AR
Property Size2,380 SF
Lot Size0.32 Acres
Price / SF$134.41
Days on Market72
Property Features for 2210 Clark Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
6
Rooms
Bedroom 3, Bedroom 2, Bedroom 6, Bedroom 5, Bedroom 1, Bedroom 4
Exterior features
Brick
Subdivision
Cobb & Lee
Lot features
Level
Elementary school
Fox Meadow
High school
Nettleton
Standard status
Active
APN
01-144272-05400
Size
2,380 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Description
COBB & LEE SUR SE NW S1/2 LOT 24
Legal Description
COBB & LEE SUR SE NW S1/2 LOT 24
Utilities
Heating system
Central, Electric (Heating), Heat Pump (Heating)
Cooling system
Electric, Central Air, Heat Pump
Building Details
Floors in Building
1
Number of units
3
Flooring type
Acid stain
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
CRYE-LEIKE, REALTORS Jonesboro
(870) 935-0701
Listed By:
Rick McKenzie · License #00055712
(870) 530-0266
Added: Jun 30
Changed: Sep 7
Last Checked: Sep 9 at 5:06AM
MLS# 10130723
Copyright © 2026 Northeast Arkansas Board of Realtors. 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 ranch-style triplex at 2210 Clark Street contains 2,380 square feet across three residential units. Each unit is configured with two bedrooms and one bathroom, creating a consistent six-bedroom, three-bathroom property. Brick exterior construction, shingle roofing, and acid-stained concrete flooring contribute to the building’s physical profile. Heating and cooling are provided through central electric systems with heat-pump equipment.
The property occupies 0.32 acres in Jonesboro, Arkansas, within ZIP Code 72401. All three units are reported fully occupied as of July 2026, providing an established occupancy position for the multifamily asset.
The property occupies 0.32 acres in Jonesboro, Arkansas, within ZIP Code 72401. All three units are reported fully occupied as of July 2026, providing an established occupancy position for the multifamily asset.
Key Highlights
- Three‑unit triplex with 2,380 square feet
- Each unit includes 2 bedrooms and 1 bathroom
- Fully occupied as of July 2026
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
$15,719
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
4.91%
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%
$314,380
$314.4K
Cap Rate 7%
$224,557
$224.6K
Cap Rate 9%
$174,656
$174.7K
Market Conditions
NOI Build-Up for 2,380 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
$24.3K $10.20/SF
− Vacancy
−$1.8K −$0.77/SF
EGI
$22.5K $9.44/SF
− OpEx
−$6.7K −$2.83/SF
NOI
$15.7K $6.60/SF
Area
Craighead County, AR
Vacancy
7.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
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%
$314,380
Cap Rate 7%
$224,557
Cap Rate 9%
$174,656
Alternative Uses
Best Use
Multifamily LT 5
$224.6K
$196.5K – $262.0K
NOI $15,719 @ 7.0% cap · market cap 4.91%
Second Best
Apartment 5plus
$204.0K
$178.5K – $238.0K
NOI $14,277 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$416.7K
$364.6K – $486.1K
NOI $29,167 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
301
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?
Triplex - Three two-bedroom units provide a consistent residential income configuration with one bathroom per unit.
Where is this triplex located?
The property is located at 2210 Clark Street Jonesboro, AR.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Three‑unit triplex with 2,380 square feet; Each unit includes 2 bedrooms and 1 bathroom; Fully occupied as of July 2026
