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Fully Occupied Triplex Near University

106 Leggett Street, Jonesboro, AR 72401

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For Sale

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Turn-key investment opportunity in a growing market near Arkansas State.

Type:Multifamily

Property size:

3,773 SF

Price / SF:

$105/SF

HighLights

Fully occupied triplex providing immediate rental income.
Prime location within walking distance to Arkansas State University ensuring consistent tenant demand.
Each unit features approximately 1,200 sq ft with 2 bedrooms and 2 full bathrooms.
Each unit includes a private 2‑car garage.
Located in Jonesboro, a rapidly growing market with a thriving economy.
Proximity to shopping, dining, local hotspots, and downtown.

We can help!

Contact an agent

Craig Melton

For Sale

Contact for pricing

Turn-key investment opportunity in a growing market near Arkansas State.

Type:Multifamily

Property size:

3,773 SF

Price / SF:

$105/SF

Added:: Nov 22, 2025
Days on Market:: 217
Last Refresh:: Mar 25 at 8:36 pm

Property Features for 106 Leggett Street

General Information

Standard status: Active
Size: 3,773 SF
Property subtype: Multifamily

We can help!

Contact an agent

Craig Melton

Listing office Coldwell Banker Commercial Village Communities

Listing date Nov 22, 2025

Source Crexi

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 Coldwell Banker Commercial Village Communities

HighLights

Fully occupied triplex providing immediate rental income.
Prime location within walking distance to Arkansas State University ensuring consistent tenant demand.
Each unit features approximately 1,200 sq ft with 2 bedrooms and 2 full bathrooms.
Each unit includes a private 2‑car garage.
Located in Jonesboro, a rapidly growing market with a thriving economy.
Proximity to shopping, dining, local hotspots, and downtown.

Overview

This fully occupied triplex in Jonesboro, Arkansas, offers immediate rental income and long-term potential. Each of the three units features approximately 1,200 sq ft with 2 bedrooms, 2 full bathrooms, open layouts, and a private 2-car garage. The property is within walking distance of Arkansas State University, making it a consistent favorite for students, faculty, and staff. Shopping, dining, and local hotspots are just minutes away, and downtown is a quick drive away. Jonesboro is experiencing growth, and this property is centrally located. A new Downtown A-State connection trail could enhance walkability between campus and downtown's restaurants and entertainment. Major venues like Centennial Bank Stadium and First National Bank Arena draw thousands each year, while new investments such as the Windgate Hall of Art and Innovation highlight the area's momentum. Jonesboro has a thriving economy and a vibrant community of nearly 84,000 residents. All units are rented, and demand is rising.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$38.5k	$10.20
− Vacancy	−$2.9k	−$0.77
EGI	$35.6k	$9.44
− OpEx	−$10.7k	−$2.83
NOI	$24.9k	$6.60

3,773 SF · lease $10.20/SF/yr · vacancy 7.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$356.0K

$311.5K – $415.3K (±1% cap)

NOI $24,919 @ 7.0% cap · market cap 6.23%

Second Best

Apartment 5plus

$323.3K

$282.9K – $377.2K (±1% cap)

NOI $22,633 @ 7.0% cap · market cap 5.66%

Theoretical Best

Office A

$660.6K

$578.0K – $770.7K (±1% cap)

NOI $46,239 @ 7.0% cap · market cap 11.56%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: Jonesboro
County: Craighead
State: Arkansas
Longitude: -90.689649
Latitude: 35.843537

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For sale
Triplexes
AR
Jonesboro
72401
106 Leggett Street

What type of property is this?

Triplex - Turn-key investment opportunity in a growing market near Arkansas State.

Where is this triplex located?

The property is located at 106 Leggett Street Jonesboro, AR.

What is the asking price?

The asking price for this property is $399,900.

What are key features of this property?

This property features: Fully occupied triplex providing immediate rental income.; Prime location within walking distance to Arkansas State University ensuring consistent tenant demand.; Each unit features approximately 1,200 sq ft with 2 bedrooms and 2 full bathrooms.