Remodeled Duplex with Expansion
1001 W Huntington Ave, Jonesboro, AR 72401
For Sale
$335,000
Updated electrical, plumbing, and HVAC systems support the remodeled duplex configuration.
Property Size1,952 SF
Price / SF$171.62
Days on Market69
Property Features for 1001 W Huntington Ave
General Information
Standard status
Size
Property subtype
Additional Details
Utilities to Site
Multifamily Units
Taxes and HOA fees
Annual Taxes
Listing Agency:
Century 21 Portfolio
(870) 933-0026
Listed By:
Tannica Gamble GRI · License #00054980
(870) 761-0084
Source:
Exprealty
Added: Sep 2
Changed: Oct 25
Last Checked: Nov 8 at 8:20AM
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
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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 / Yr
$12,892
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Market
Vacancy Rate% for Multifamily in South region
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
