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    405 Melrose St St Jonesboro, AR 72401

    For Sale
    $249,900

    Fourplex - Jonesboro, AR

    Property size:
    3,358 SF
    Lot size:
    0.18 Acres
    Days on Market:
    45
    Last Refresh:
    Dec 7 at 8:06 am

    Property Features for 405 Melrose St St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-1
    APN
    01-144171-07700
    Interior features
    Washer Connection, Dryer Connection-electric, All Units
    Size
    3,358 SF
    Lot size
    0.18 Acres

    Utilities

    Utilities
    Electricity Available
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1999
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Laminate, Tile
    Building materials
    Brick, Vinyl Siding
    Architectural style
    Other

    Compass Rose Realty (870) 761-7774

    Listing agent Andrea Andrews (870) 336-1008

    Listing date Oct 24, 2025

    MLS# 25036471 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 Fourplex Near University

    Located in the Cedar Heights 1st Addition within the Jonesboro School District, this multifamily property at 405 Melrose St features four income-producing units. The building's exterior is constructed with brick and vinyl siding and a 3-tab shingle roof. Each unit includes two bedrooms, one and a half bathrooms, a living room, a kitchen, and washer and dryer hookups. The property includes a parking lot, mature shade trees, and a small patio for each unit. The lot size is 0.18 acres, and the total property size is 3358 square feet. The units are currently rented at $650 per month. The property is conveniently located near Arkansas State University and local retail and dining establishments, presenting an investment opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Map

    City
    Jonesboro
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.683072
    Latitude
    35.848498

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    FAQs

    What type of property is this?
    Quadplex - Four-unit multifamily property near Arkansas State University, Jonesboro.
    Where is this quadplex located?
    The property is located at 405 Melrose St St Jonesboro, AR.
    What is the asking price?
    The asking price for this property is $249,900.
    What are key features of this property?
    This property features: - Four income-producing rental units; - Located near Arkansas State University and retail/dining; - Each unit features 2 bedrooms and 1.5 bathrooms
    (870) 336-1008
    Request Owner's contact information
    405 Melrose St St Jonesboro, AR 72401
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    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
    405 Melrose St St Jonesboro, AR 72401
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