8-Unit Apartment
1104 Cartwright, Jonesboro, AR 72401
For Sale
$725,000
Multi-Family, Traditional, Jonesboro, AR
Property Size8,720 SF
Lot Size0.02 Acres
Price / SF$83.14
Days on Market218
Property Features for 1104 Cartwright
General Information
Property type
Property subtype
Interior features
Subdivision
Lot features
Directions
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Floors in Building
Number of units
Flooring type
Roof type
Architectural style
Listing Agency:
Halsey Real Estate
(870) 972-9191
Listed By:
Jon Moore · License #SA00055730
(870) 219-2308
Added: Apr 6
Changed: Sep 18
Last Checked: Nov 9 at 5:06AM
MLS# 26038193
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.
This apartment property contains 8 residential units, each offering a 2-bedroom, 1.5-bathroom layout. Completed in 2014, the building provides 8,720 square feet of space on a 0.02-acre parcel. Interior features include washer connections and breakfast bars, with vinyl flooring throughout and shingle roofing.
The property is located at 1104 Cartwright in Jonesboro, Arkansas, within Craighead County. All units are currently occupied, providing an established operating profile for an apartment-building buyer. The configuration offers a consistent unit mix across the property, with each residence providing the same two-bedroom, one-and-a-half-bath arrangement.
The property is located at 1104 Cartwright in Jonesboro, Arkansas, within Craighead County. All units are currently occupied, providing an established operating profile for an apartment-building buyer. The configuration offers a consistent unit mix across the property, with each residence providing the same two-bedroom, one-and-a-half-bath arrangement.
Key Highlights
- 8 apartment units with a consistent 2‑bedroom, 1.5‑bathroom layout
- 8,720 square feet on a 0.02‑acre parcel
- Built in 2014
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,308
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,046,160
$1.0M
Cap Rate 7%
$747,257
$747.3K
Cap Rate 9%
$581,200
$581.2K
Market Conditions
NOI Build-Up for 8,720 SF
Gross rent
$101.5K $11.64/SF
− Vacancy
−$6.4K −$0.73/SF
EGI
$95.1K $10.91/SF
− OpEx
−$42.8K −$4.91/SF
NOI
$52.3K $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%
$1,046,160
Cap Rate 7%
$747,257
Cap Rate 9%
$581,200
Alternative Uses
Best Use
Apartment 5plus
$747.3K
$653.9K – $871.8K
NOI $52,308 @ 7.0% cap · market cap 7.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $106,865 @ 7.0% cap · market cap 14.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
129
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
$185,400
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Jonesboro, AR
Properties on Market for Apartment buildings in Jonesboro
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied apartment property with washer connections, breakfast bars, and vinyl flooring.
Where is this apartment building located?
The property is located at 1104 Cartwright Jonesboro, AR.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 8 apartment units with a consistent 2‑bedroom, 1.5‑bathroom layout; 8,720 square feet on a 0.02‑acre parcel; Built in 2014
