Downtown Mixed-Use
New
For Sale
$179,000
1233 Flint, Jonesboro, AR 72401
MULTI_FAMILY - Jonesboro, AR
Property Size2,136 SF
Lot Size99,999.00 Acres
Price / SF$83.80
Days on Market1
Property Features for 1233 Flint
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 1
Appliances
Built-In Stove, Built-In Stove
Subdivision
Burns
Lot features
Level
Directions
Corner of Flint and Poplar
Standard status
Active
Size
2,136 SF
Lot size
99,999.00 Acres
Taxes and HOA fees
Tax Description
BURNS SUB LOTS 1-2 BLK 44 CUL
Tax Annual Amount
1319
Legal Description
BURNS SUB LOTS 1-2 BLK 44 CUL
Building Details
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Roof type
Shingle
Listing Agency:
JCS Realty
(870) 203-9339
Listed By:
Cole Stevenson · License #00068133
(870) 930-6157
Added: Aug 14
Last Checked: Aug 14 at 11:06PM
MLS# 26033244
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.
This mixed-use property combines a duplex with a separate commercial building on one parcel, offering residential and storefront components within a 2,136-square-foot property. The duplex contains two 1-bedroom, 1-bath units, each configured with a living room and kitchen equipped with a range, refrigerator, and dishwasher. Vinyl flooring and shingle roofing are among the documented property features.
The commercial building is leased to a music store and fronts Flint Street in the Downtown Jonesboro Redevelopment District. The residential units are also rented, creating separate residential and commercial occupancy within the same offering. The property is located in Jonesboro, Arkansas, with both housing and storefront improvements already in place.
The commercial building is leased to a music store and fronts Flint Street in the Downtown Jonesboro Redevelopment District. The residential units are also rented, creating separate residential and commercial occupancy within the same offering. The property is located in Jonesboro, Arkansas, with both housing and storefront improvements already in place.
Key Highlights
- 2,136‑square‑foot mixed‑use property on one parcel
- Duplex includes two 1‑bedroom, 1‑bath units
- Each residential unit has a living room and kitchen
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
$16,212
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
9.06%
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%
$324,240
$324.2K
Cap Rate 7%
$231,600
$231.6K
Cap Rate 9%
$180,133
$180.1K
Market Conditions
NOI Build-Up for 2,136 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
$28.2K $13.20/SF
− Vacancy
−$2.3K −$1.06/SF
EGI
$25.9K $12.14/SF
− OpEx
−$9.7K −$4.55/SF
NOI
$16.2K $7.59/SF
Area
Craighead County, AR
Vacancy
8.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
37.50%
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%
$324,240
Cap Rate 7%
$231,600
Cap Rate 9%
$180,133
Alternative Uses
Best Use
Retail
$259.9K
$227.5K – $303.3K
NOI $18,196 @ 7.0% cap · market cap 10.17%
Second Best
Mixed Use
$231.6K
$202.7K – $270.2K
NOI $16,212 @ 7.0% cap · market cap 9.06%
Theoretical Best
Office A
$374.0K
$327.2K – $436.3K
NOI $26,177 @ 7.0% cap · market cap 14.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,823
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two residential units accompany a leased storefront within the Downtown Jonesboro Redevelopment District.
Where is this mixed-use property located?
The property is located at 1233 Flint Jonesboro, AR.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: 2,136‑square‑foot mixed‑use property on one parcel; Duplex includes two 1‑bedroom, 1‑bath units; Each residential unit has a living room and kitchen
