Six-Unit Brick Duplex
New
For Sale
$699,900
1012 N Main St, Jonesboro, AR 72401
Multi-Family, Jonesboro, AR
Property Size5,940 SF
Lot Size0.56 Acres
Price / SF$117.83
Days on Market1
Property Features for 1012 N Main St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Assigned
Appliances
Free-Standing Stove, Microwave, Electric Range, Dishwasher, Refrigerator-Stays, Free-Standing Stove, Microwave, Electric Range, Dishwasher, Refrigerator-Stays
Subdivision
Not in Subdivision
Directions
Head north on Main St. Property is almost where Main St. ends on the east.
Standard status
Active
APN
01-144073-01400
Size
5,940 SF
Lot size
0.56 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BROOKRESON REPLAT OF LOTS 1-2-
Tax Annual Amount
4798
Legal Description
BROOKRESON REPLAT OF LOTS 1-2-
Building Details
Year built
2022
Floors in Building
1
Number of units
6
Flooring type
Concrete
Roof type
Shingle
Listing Agency:
Halsey Real Estate
(870) 972-9191
Listed By:
Landon Wilson
(870) 514-5578
Added: Oct 22
Last Checked: Oct 22 at 6:06PM
MLS# 26042640
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.
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Investment Insights
Based on property information with market context.
Three brick duplexes comprise this six-unit apartment property, totaling 5,940 square feet on 0.56 acres. Built in 2022, each residence has two bedrooms, one bathroom, and 990 square feet, with an open living and kitchen area, stained concrete floors, and dedicated laundry space. Individual entrances serve each unit, and the property includes 14 assigned parking spaces.
Located at 1012 N Main St in Jonesboro, the property is offered as a multifamily asset. Appliances in the units include a stove, microwave, electric range, dishwasher, and refrigerator.
Located at 1012 N Main St in Jonesboro, the property is offered as a multifamily asset. Appliances in the units include a stove, microwave, electric range, dishwasher, and refrigerator.
Key Highlights
- Six units across three brick duplexes
- Each unit has 2 bedrooms, 1 bathroom, and 990 square feet
- 5,940‑square‑foot property on 0.56 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,632
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$712,640
$712.6K
Cap Rate 7%
$509,029
$509.0K
Cap Rate 9%
$395,911
$395.9K
Market Conditions
NOI Build-Up for 5,940 SF
Gross rent
$69.1K $11.64/SF
− Vacancy
−$4.4K −$0.73/SF
EGI
$64.8K $10.91/SF
− OpEx
−$29.2K −$4.91/SF
NOI
$35.6K $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%
$712,640
Cap Rate 7%
$509,029
Cap Rate 9%
$395,911
Alternative Uses
Best Use
Apartment 5plus
$509.0K
$445.4K – $593.9K
NOI $35,632 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$910.0K – $1.21M
NOI $72,796 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
139
Businesses Nearby
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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?
Apartment building - Three duplex buildings offer individual entrances and in-unit laundry space across the units.
Where is this apartment building located?
The property is located at 1012 N Main St Jonesboro, AR.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Six units across three brick duplexes; Each unit has 2 bedrooms, 1 bathroom, and 990 square feet; 5,940‑square‑foot property on 0.56 acres
