8-Unit Apartment
For Sale
$490,000
621 Krewson Street, Jonesboro, AR 72401
Multi-Family, Jonesboro, AR
Property Size4,300 SF
Price / SF$113.95
Days on Market14
Property Features for 621 Krewson Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Exterior features
Brick
Elementary school
Jonesboro Magnet
High school
Jonesboro High School
Subdivision
D
Standard status
Active
APN
01-144183-13300
Size
4,300 SF
Taxes and HOA fees
Tax Description
COLES SUB LOTS 1-2 BLK 4 FLINT
Legal Description
COLES SUB LOTS 1-2 BLK 4 FLINT
Building Details
Floors in Building
1
Number of units
8
Listing Agency:
Century 21 Portfolio · Century 21 Real Estate
(870) 933-0026
Listed By:
Braxten Tatum
(870) 933-0026
Added: Aug 13
Changed: Aug 20
Last Checked: Aug 26 at 9:06PM
MLS# 10131657
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 apartment complex includes 8 units across two buildings, with each residence offering 2 bedrooms, 2 bathrooms, and a full kitchen. Four units provide an expanded floor plan, while the property totals 4300 square feet. Brick exteriors, a new roof, and recently serviced A/C units are among the documented improvements.
The property is located at 621 Krewson Street in Jonesboro, just off Main Street and directly across from a brand-new warehouse facility. The configuration combines multiple residential units with recent building and mechanical updates in a compact multifamily setting.
The property is located at 621 Krewson Street in Jonesboro, just off Main Street and directly across from a brand-new warehouse facility. The configuration combines multiple residential units with recent building and mechanical updates in a compact multifamily setting.
Key Highlights
- 8 units arranged across two buildings
- Each unit includes 2 bedrooms, 2 bathrooms, and a full kitchen
- Four units feature an expanded layout
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
$25,794
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
5.26%
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%
$515,880
$515.9K
Cap Rate 7%
$368,486
$368.5K
Cap Rate 9%
$286,600
$286.6K
Market Conditions
NOI Build-Up for 4,300 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
$50.1K $11.64/SF
− Vacancy
−$3.2K −$0.73/SF
EGI
$46.9K $10.91/SF
− OpEx
−$21.1K −$4.91/SF
NOI
$25.8K $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%
$515,880
Cap Rate 7%
$368,486
Cap Rate 9%
$286,600
Alternative Uses
Best Use
Apartment 5plus
$368.5K
$322.4K – $429.9K
NOI $25,794 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$752.8K
$658.7K – $878.3K
NOI $52,697 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,783
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Two brick buildings feature full kitchens and recently serviced A/C units.
Where is this apartment building located?
The property is located at 621 Krewson Street Jonesboro, AR.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: 8 units arranged across two buildings; Each unit includes 2 bedrooms, 2 bathrooms, and a full kitchen; Four units feature an expanded layout
