Remodeled Duplex with Expansion
For Sale
$335,000
1001 W Huntington Ave, Jonesboro, AR 72401
Updated electrical, plumbing, and HVAC systems support the remodeled duplex configuration.
Property Size1,952 SF
Price / SF$171.62
Days on Market23
Property Features for 1001 W Huntington Ave
General Information
Standard status
Active
Size
1,952 SF
Property subtype
Residential Income
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$702
Listing Agency:
Century 21 Portfolio
(870) 933-0026
Listed By:
Tannica Gamble GRI · License #00054980
(870) 761-0084
Source:
Exprealty
Added: Sep 2
Changed: Sep 13
Last Checked: Sep 24 at 1:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Portfolio
Investment Insights
Based on property information with market context.
This 1,952-square-foot duplex has been remodeled and includes upgraded electrical, plumbing, and HVAC systems. An additional unit has already been zoned and may be converted into another rental unit through further remodeling.
The property is located at 1001 W Huntington Ave in Jonesboro, within walking distance of Huntington Square and downtown Jonesboro.
The property is located at 1001 W Huntington Ave in Jonesboro, within walking distance of Huntington Square and downtown Jonesboro.
Key Highlights
- Remodeled duplex totaling 1,952 square feet
- Additional unit already zoned for potential conversion into another rental unit
- New electrical, plumbing, and HVAC upgrades
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
$12,892
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
3.85%
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%
$257,840
$257.8K
Cap Rate 7%
$184,171
$184.2K
Cap Rate 9%
$143,244
$143.2K
Market Conditions
NOI Build-Up for 1,952 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
$19.9K $10.20/SF
− Vacancy
−$1.5K −$0.77/SF
EGI
$18.4K $9.44/SF
− OpEx
−$5.5K −$2.83/SF
NOI
$12.9K $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%
$257,840
Cap Rate 7%
$184,171
Cap Rate 9%
$143,244
Alternative Uses
Best Use
Multifamily LT 5
$184.2K
$161.2K – $214.9K
NOI $12,892 @ 7.0% cap · market cap 3.85%
Second Best
Apartment 5plus
$167.3K
$146.4K – $195.2K
NOI $11,709 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$341.7K
$299.0K – $398.7K
NOI $23,922 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
502
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Duplex - Updated electrical, plumbing, and HVAC systems support the remodeled duplex configuration.
Where is this duplex located?
The property is located at 1001 W Huntington Ave Jonesboro, AR.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Remodeled duplex totaling 1,952 square feet; Additional unit already zoned for potential conversion into another rental unit; New electrical, plumbing, and HVAC upgrades
