Four-Unit
For Sale
$595,000
1008 N Madison Street, Jonesboro, AR 72401
Multi-Family, Traditional, Jonesboro, AR
Property Size3,742 SF
Lot Size0.20 Acres
Price / SF$159.01
Days on Market10
Property Features for 1008 N Madison Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Interior features
Washer Connection, Dryer Connection-Electric
Appliances
Microwave, Electric Range, Refrigerator-Stays, Microwave, Electric Range, Refrigerator-Stays
Lot features
Level
Directions
From N Church, left on E Center St., Right onto N Madison St, Property on right.
Subdivision
Jonesboro A
Standard status
Active
Size
3,742 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Description
MABRY & HUMBLE RIDGE REPLAT L
Tax Annual Amount
3733
Legal Description
MABRY & HUMBLE RIDGE REPLAT L
Amenities
on-site parking
Building Details
Year built
2023
Floors in Building
2
Number of units
4
Flooring type
Vinyl, Concrete
Roof type
Shingle
Architectural style
Other
Listing Agency:
Halsey Real Estate
(870) 972-9191
Listed By:
Kim Shelton · License #SA00085269
(870) 219-3322
Added: Sep 16
Changed: Sep 23
Last Checked: Sep 25 at 1:06AM
MLS# 26037756
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. 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.
Built in 2023, this 3,742-square-foot quadplex contains four two-bedroom, one-and-a-half-bath units. The property is 100% occupied, with each residence offering a practical layout, vinyl and concrete flooring, and washer and electric dryer connections. Appliances include electric ranges, refrigerators, and microwaves.
The property occupies 0.2 acres at 1008 N Madison Street in Jonesboro, Arkansas. On-site parking serves the units, while shingle roofing supports the building's exterior improvements. The property is configured as a fully occupied residential income asset with an established tenant base.
The property occupies 0.2 acres at 1008 N Madison Street in Jonesboro, Arkansas. On-site parking serves the units, while shingle roofing supports the building's exterior improvements. The property is configured as a fully occupied residential income asset with an established tenant base.
Key Highlights
- Four two‑bedroom, one‑and‑a‑half‑bath units
- 100% occupied with established tenants
- 3,742 square feet on 0.2 acres
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
$24,714
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
4.15%
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%
$494,280
$494.3K
Cap Rate 7%
$353,057
$353.1K
Cap Rate 9%
$274,600
$274.6K
Market Conditions
NOI Build-Up for 3,742 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
$38.2K $10.20/SF
− Vacancy
−$2.9K −$0.77/SF
EGI
$35.3K $9.44/SF
− OpEx
−$10.6K −$2.83/SF
NOI
$24.7K $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%
$494,280
Cap Rate 7%
$353,057
Cap Rate 9%
$274,600
Alternative Uses
Best Use
Multifamily LT 5
$353.1K
$308.9K – $411.9K
NOI $24,714 @ 7.0% cap · market cap 4.15%
Second Best
Apartment 5plus
$320.7K
$280.6K – $374.1K
NOI $22,447 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$655.1K
$573.2K – $764.3K
NOI $45,859 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
139
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied multifamily property with four two-bedroom units and on-site parking.
Where is this quadplex located?
The property is located at 1008 N Madison Street Jonesboro, AR.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Four two‑bedroom, one‑and‑a‑half‑bath units; 100% occupied with established tenants; 3,742 square feet on 0.2 acres
