Ranch-Style
1261 County Road 380, Bono, AR 72416
For Sale
$324,900
Multi-Family, Ranch, Bono, AR
Property Size3,276 SF
Lot Size0.86 Acres
Price / SF$99.18
Days on Market92
Property Features for 1261 County Road 380
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Interior features
Subdivision
Lot features
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
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Additional Details
Tenant in Place
Taxes and HOA fees
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Tax Annual Amount
Legal Description
Building Details
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Floors in Building
Number of units
Flooring type
Roof type
Architectural style
Listing Agency:
Compass Rose Realty
(870) 336-1008
Listed By:
Kyah Mancil
(901) 371-1617
Added: Aug 11
Changed: Nov 2
Last Checked: Nov 10 at 7:06PM
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.
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Investment Insights
Based on property information with market context.
This ranch-style quadplex in Bono contains four 2-bedroom, 1-bath residences totaling 3,276 square feet. Built in 1994, the property has a slab foundation, tile and vinyl flooring, electric water heaters, and a shingle roof with architectural shingles. New gas HVAC systems are installed in both occupied units, while two new HVAC systems are available for installation in the vacant residences.
Two of the four units are currently rented. The property occupies 0.86 acres at 1261 County Road 380 in Bono, Craighead County, Arkansas, providing a four-unit residential configuration in a community outside Jonesboro.
Two of the four units are currently rented. The property occupies 0.86 acres at 1261 County Road 380 in Bono, Craighead County, Arkansas, providing a four-unit residential configuration in a community outside Jonesboro.
Key Highlights
- Four 2‑bedroom, 1‑bath units totaling 3,276 square feet
- Two of the four units are currently rented
- 0.86‑acre property at 1261 County Road 380, Bono, AR 72416
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,636
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
5
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Residential income property with two-bedroom layouts, updated HVAC systems, and durable interior finishes.
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 2‑bedroom, 1‑bath units totaling 3,276 square feet; Two of the four units are currently rented; 0.86‑acre property at 1261 County Road 380, Bono, AR 72416
