Four-Unit
New
For Sale
$324,900
1261 County Road 380, Bono, AR 72416
MULTI_FAMILY - Bono, AR
Property Size3,276 SF
Lot Size0.86 Acres
Price / SF$99.18
Days on Market1
Property Features for 1261 County Road 380
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bedroom 8, Bedroom 5, Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 4, Bathroom 4, Bedroom 2, Bedroom 7, Bedroom 3
Interior features
Hot Water Heater-Electric
Subdivision
Metes & Bounds
Lot features
Level, Cleared, Not in Subdivision
Elementary school
Westside
Middle school
Westside
High school
Westside
Directions
Starting on N Main, turn R onto CR 380, turn L again on CR 380, property is on your L.
Standard status
Active
APN
12-153171-00500
Size
3,276 SF
Lot size
0.86 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
See Deed
Tax Annual Amount
1269
Legal Description
See Deed
Building Details
Year built
1994
Floors in Building
1
Number of units
4
Flooring type
Vinyl, Tile
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Compass Rose Realty
(870) 336-1008
Listed By:
Kyah Mancil
(901) 371-1617
Added: Aug 11
Last Checked: Aug 11 at 8:06PM
MLS# 26032752
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 3,276-square-foot quadplex at 1261 County Road 380 includes four two-bedroom, one-bath residences in a ranch-style building constructed in 1994. Unit interiors feature tile and vinyl flooring, while the property is supported by a slab foundation and a newer roof with architectural shingles. New electric water heaters are in place, and both occupied units have new gas HVAC systems.
Two of the four units are currently rented, while the remaining two are vacant. Brand-new HVAC systems are available for the vacant residences and may be installed. The property occupies 0.86 acres in Bono, Craighead County, with Jonesboro identified in the surrounding market context.
Two of the four units are currently rented, while the remaining two are vacant. Brand-new HVAC systems are available for the vacant residences and may be installed. The property occupies 0.86 acres in Bono, Craighead County, with Jonesboro identified in the surrounding market context.
Key Highlights
- Four two‑bedroom, one‑bath units totaling 3,276 square feet
- Two of four units currently rented
- New gas HVAC systems in both occupied units
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
$21,636
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
6.66%
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%
$432,720
$432.7K
Cap Rate 7%
$309,086
$309.1K
Cap Rate 9%
$240,400
$240.4K
Market Conditions
NOI Build-Up for 3,276 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
$33.4K $10.20/SF
− Vacancy
−$2.5K −$0.77/SF
EGI
$30.9K $9.44/SF
− OpEx
−$9.3K −$2.83/SF
NOI
$21.6K $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%
$432,720
Cap Rate 7%
$309,086
Cap Rate 9%
$240,400
Alternative Uses
Best Use
Multifamily LT 5
$309.1K
$270.5K – $360.6K
NOI $21,636 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$280.7K
$245.7K – $327.5K
NOI $19,652 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$573.5K
$501.9K – $669.1K
NOI $40,148 @ 7.0% cap · market cap 12.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 72416, AR
5,661
Population
2,405
Households
2.4
Avg Household Size
37
Median Age
19%
College-Educated
88%
High-School Grad
88.7 sq mi
ZIP Area
64
Density / Sq Mi
$72,452
Median Household Income
$36,421
Median Earnings
$891
Median Rent
$157,700
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?
Quadplex - Four two-bedroom, one-bath units feature updated mechanical systems, durable flooring, and a newer architectural-shingle roof.
Where is this quadplex located?
The property is located at 1261 County Road 380 Bono, AR.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Four two‑bedroom, one‑bath units totaling 3,276 square feet; Two of four units currently rented; New gas HVAC systems in both occupied units
