Side-by-Side Four-Unit
New
For Sale
$410,000
1003 Scott St., Jonesboro, AR 72405
Multi-Family, Jonesboro, AR
Property Size3,673 SF
Lot Size1.00 Acre
Price / SF$111.63
Days on Market5
Property Features for 1003 Scott St.
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Window features
Blinds
Exterior features
Brick
Subdivision
Lamberth
Lot features
Level
Elementary school
Jonesboro Magnet
High school
Jonesboro High School
Standard status
Active
APN
01-144083-04000
Size
3,673 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Description
J. A. LAMBERTH SUB
Legal Description
J. A. LAMBERTH SUB
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Floors in Building
1
Number of units
4
Flooring type
Vinyl
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Century 21 Portfolio · Century 21 Real Estate
Listed By:
Laura Smith
(870) 933-0026
Added: Sep 16
Last Checked: Sep 20 at 12:06PM
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.
Investment Insights
Based on property information with market context.
This offering combines two neighboring duplex properties at 1003 and 1005 Scott St. Each building contains two separate units, creating four units in total. Every unit is configured with two bedrooms and 1.5 bathrooms. The properties encompass 3,673 square feet on a 1-acre parcel, with brick exteriors, vinyl flooring, shingle roofs, and ranch-style construction. Central heating and central air conditioning serve the units.
The properties are positioned side by side in Jonesboro, providing a consolidated residential income configuration at one address area. Separate buildings and individual unit layouts offer a straightforward duplex format, while the combined site provides four units within the same location.
The properties are positioned side by side in Jonesboro, providing a consolidated residential income configuration at one address area. Separate buildings and individual unit layouts offer a straightforward duplex format, while the combined site provides four units within the same location.
Key Highlights
- Two adjacent duplex properties at 1003 and 1005 Scott St
- Four total units, with two units in each property
- Each unit includes 2 bedrooms and 1.5 bathrooms
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
$24,258
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
5.92%
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%
$485,160
$485.2K
Cap Rate 7%
$346,543
$346.5K
Cap Rate 9%
$269,533
$269.5K
Market Conditions
NOI Build-Up for 3,673 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
$37.5K $10.20/SF
− Vacancy
−$2.8K −$0.77/SF
EGI
$34.7K $9.44/SF
− OpEx
−$10.4K −$2.83/SF
NOI
$24.3K $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%
$485,160
Cap Rate 7%
$346,543
Cap Rate 9%
$269,533
Alternative Uses
Best Use
Multifamily LT 5
$346.5K
$303.2K – $404.3K
NOI $24,258 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$314.8K
$275.4K – $367.2K
NOI $22,033 @ 7.0% cap · market cap 5.37%
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.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
Explore this area
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
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Four residential units feature two-bedroom layouts with one-and-a-half baths, central systems, and ranch-style construction.
Where is this duplex 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: Two adjacent duplex properties at 1003 and 1005 Scott St; Four total units, with two units in each property; Each unit includes 2 bedrooms and 1.5 bathrooms
