4-Unit Multifamily
1003 Scott St., Jonesboro, AR 72405
For Sale
$410,000
Multi-Family, Jonesboro, AR
Property Size3,673 SF
Lot Size1.00 Acre
Price / SF$111.63
Days on Market55
Property Features for 1003 Scott St.
General Information
Property type
Property subtype
Bedrooms
Rooms
Window features
Exterior features
Subdivision
Lot features
Elementary school
High school
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Heating system
Cooling system
Building Details
Floors in Building
Number of units
Flooring type
Roof type
Architectural style
Listing Agency:
Century 21 Portfolio · Century 21 Real Estate
Listed By:
Laura Smith · License #SA00093468
(870) 933-0026
Added: Sep 16
Changed: Oct 26
Last Checked: Nov 9 at 4:06AM
MLS# 10132376
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.
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Investment Insights
Based on property information with market context.
This 3,673-square-foot multifamily property contains four units across two adjoining lots totaling 1 acre. Each unit has two bedrooms and one-and-a-half bathrooms, with a kitchen and dining area connected to the living room. The buildings have brick exteriors, ranch-style architecture, vinyl flooring, shingle roofs, and central heating and air conditioning.
The properties are located at 1003 and 1005 Scott St. in Jonesboro, Arkansas. Their placement on adjoining lots brings the four residences together at one location.
The properties are located at 1003 and 1005 Scott St. in Jonesboro, Arkansas. Their placement on adjoining lots brings the four residences together at one location.
Key Highlights
- Four total units across two adjoining lots
- 1 acre combined lot area
- 3,673 square feet of property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,033
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$440,660
$440.7K
Cap Rate 7%
$314,757
$314.8K
Cap Rate 9%
$244,811
$244.8K
Market Conditions
NOI Build-Up for 3,673 SF
Gross rent
$42.8K $11.64/SF
− Vacancy
−$2.7K −$0.73/SF
EGI
$40.1K $10.91/SF
− OpEx
−$18.0K −$4.91/SF
NOI
$22.0K $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 Rate 5%
$440,660
Cap Rate 7%
$314,757
Cap Rate 9%
$244,811
Alternative Uses
Best Use
Apartment 5plus
$314.8K
$275.4K – $367.2K
NOI $22,033 @ 7.0% cap · market cap 5.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$643.0K
$562.7K – $750.2K
NOI $45,013 @ 7.0% cap · market cap 10.98%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
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Business Placement
Demographics for 72405, AR
17,109
Population
7,049
Households
2.4
Avg Household Size
33
Median Age
39%
College-Educated
91%
High-School Grad
35.9 sq mi
ZIP Area
477
Density / Sq Mi
$84,722
Median Household Income
$42,329
Median Earnings
$1,009
Median Rent
$240,300
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Jonesboro, AR
Properties on Market for Multifamily properties in Jonesboro
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Each residence has two bedrooms, one-and-a-half baths, and connected kitchen, dining, and living areas.
Where is this multifamily property located?
The property is located at 1003 Scott St. Jonesboro, AR.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Four total units across two adjoining lots; 1 acre combined lot area; 3,673 square feet of property size
