Duplex with Two-Bedroom
For Sale
$189,900
1413 S Church St, Jonesboro, AR 72401
Both residences include appliances and are described as rent ready.
Property Size1,701 SF
Price / SF$111.64
Days on Market10
Property Features for 1413 S Church St
General Information
Standard status
Active
Size
1,701 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$960
Building Details
Buildings
1
Listing Agency:
Jonesboro Realty Company
2433993
Listed By:
Josh Olson · License #00058768
(870) 931-6806
Source:
Exprealty
Added: Oct 13
Changed: Oct 21
Last Checked: Oct 21 at 2:02AM
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 Jonesboro Realty Company
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Investment Insights
Based on property information with market context.
This duplex contains two 2-bedroom, 1-bath units, with appliances included in each residence. The 1,701-square-foot property is described as ready for rental use, and its layout also offers a basis for remodeling.
Key Highlights
- Two 2‑bedroom, 1‑bath units
- 1,701 square feet
- Appliances included in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,234
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$224,680
$224.7K
Cap Rate 7%
$160,486
$160.5K
Cap Rate 9%
$124,822
$124.8K
Market Conditions
NOI Build-Up for 1,701 SF
Gross rent
$17.4K $10.20/SF
− Vacancy
−$1.3K −$0.77/SF
EGI
$16.0K $9.44/SF
− OpEx
−$4.8K −$2.83/SF
NOI
$11.2K $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%
$224,680
Cap Rate 7%
$160,486
Cap Rate 9%
$124,822
Alternative Uses
Best Use
Multifamily LT 5
$160.5K
$140.4K – $187.2K
NOI $11,234 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$145.8K
$127.6K – $170.1K
NOI $10,204 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$297.8K
$260.6K – $347.4K
NOI $20,846 @ 7.0% cap · market cap 10.98%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
117
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include appliances and are described as rent ready.
Where is this duplex located?
The property is located at 1413 S Church St Jonesboro, AR.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units; 1,701 square feet; Appliances included in both units
