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    517 Paragould Dr Jonesboro, AR 72450

    For Sale
    $675,000

    Apartments, Ranch - Jonesboro, AR

    Property size:
    8,196 SF
    Lot size:
    0.84 Acres
    Days on Market:
    34
    Last Refresh:
    Dec 14 at 4:06 pm

    Property Features for 517 Paragould Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    res
    Appliances
    Range, Range - Gas, Refrigerator
    Size
    8,196 SF
    Lot size
    0.84 Acres

    Utilities

    Heating system
    Central, Natural Gas
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1960
    Floors in Building
    2
    Number of units
    8
    Flooring type
    Vinyl
    Building materials
    Brick, Frame
    Roof type
    Composition
    Architectural style
    Ranch

    IMAGE REALTY (870) 215-1511 [email protected]

    Listing agent Brooksie Felty-Hartness (870) 236-2121

    Listing date Nov 11, 2025

    MLS# 25045111 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 8-Plex Investment Opportunity

    This 8-plex apartment building is located just off Hilltop in Jonesboro. The property features four one-bedroom, one-bath units and four two-bedroom, two-bath units. Many updates and upgrades have been made throughout the building. The landlord covers utilities. The property is situated on a corner lot of 0.84 acres. The property size is 8196 square feet. The zoning is residential. Intended use is for apartments.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -90.641381
    Latitude
    35.849465

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    FAQs

    What type of property is this?
    Apartment building - 8-unit apartment building in Jonesboro with updates and upgrades.
    Where is this apartment building located?
    The property is located at 517 Paragould Dr Jonesboro, AR.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: - 8-Plex Investment Property; - Features a mix of one-bedroom/one-bath and two-bedroom/two-bath units; - Updates and upgrades throughout
    (870) 236-2121
    Request Owner's contact information
    517 Paragould Dr Jonesboro, AR 72450
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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
    517 Paragould Dr Jonesboro, AR 72450
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