Brick Eight-Unit Quadplex
For Sale
$1,139,800
301 N Bridge Street, Jonesboro, AR 72401
Two-bedroom units feature granite counters, stainless appliances, and large laundry rooms on a corner lot.
Property Size7,660 SF
Price / SF$148.80
Days on Market46
Property Features for 301 N Bridge Street
General Information
Standard status
Active
Size
7,660 SF
Property subtype
Multi-Family
Listing Agency:
Burch and Co. Real Estate
(870) 897-7284
Listed By:
Richard Wimberley
(870) 897-7284
Source:
Heilesassociatesrealtors
Added: Jul 16
Changed: Aug 29
Last Checked: Aug 29 at 7:23PM
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 Burch and Co. Real Estate
Investment Insights
Based on property information with market context.
This multifamily offering combines two quadplex buildings totaling 8 units. Each residence is configured with two bedrooms and 1.5 baths, while the improvements feature all-brick exteriors, granite countertops, stainless steel appliances, and large laundry rooms.
The property is located at 301 N Bridge Street in Jonesboro, Arkansas, on a large corner lot. The offering also includes 416 E Word, providing an additional address within the sale package.
The property is located at 301 N Bridge Street in Jonesboro, Arkansas, on a large corner lot. The offering also includes 416 E Word, providing an additional address within the sale package.
Key Highlights
- Two quadplex buildings totaling 8 units
- Two‑bedroom, 1.5‑bath unit configuration
- All‑brick construction
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
$50,590
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
4.44%
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%
$1,011,800
$1.0M
Cap Rate 7%
$722,714
$722.7K
Cap Rate 9%
$562,111
$562.1K
Market Conditions
NOI Build-Up for 7,660 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
$78.1K $10.20/SF
− Vacancy
−$5.9K −$0.77/SF
EGI
$72.3K $9.44/SF
− OpEx
−$21.7K −$2.83/SF
NOI
$50.6K $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%
$1,011,800
Cap Rate 7%
$722,714
Cap Rate 9%
$562,111
Alternative Uses
Best Use
Multifamily LT 5
$722.7K
$632.4K – $843.2K
NOI $50,590 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$656.4K
$574.4K – $765.8K
NOI $45,950 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,875 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
496
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Two-bedroom units feature granite counters, stainless appliances, and large laundry rooms on a corner lot.
Where is this quadplex located?
The property is located at 301 N Bridge Street Jonesboro, AR.
What is the asking price?
The asking price for this property is $1,139,800.
What are key features of this property?
This property features: Two quadplex buildings totaling 8 units; Two‑bedroom, 1.5‑bath unit configuration; All‑brick construction
