Three-Unit Ranch
For Sale
$239,500
1706 Belt, Jonesboro, AR 72401
Multi-Family, Jonesboro, AR
Property Size3,172 SF
Lot Size0.37 Acres
Price / SF$75.50
Days on Market135
Property Features for 1706 Belt
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
6
Rooms
Bedroom 4, Bedroom 1, Bedroom 6, Bedroom 2, Bedroom 5, Bedroom 3
Elementary school
Jonesboro Magnet
High school
Jonesboro High School
Subdivision
B
Standard status
Active
APN
01-144083-15000
Size
3,172 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Description
WATKINS 2ND ADD PT S1/2 8-14-4
Legal Description
WATKINS 2ND ADD PT S1/2 8-14-4
Utilities
Heating system
Central
Building Details
Floors in Building
1
Number of units
3
Architectural style
Ranch
Listing Agency:
Jonesboro Realty Company
(870) 243-3993
Listed By:
Josh Olson · License #00058768
(187) 024-3399
Added: Apr 20
Changed: Aug 28
Last Checked: Sep 1 at 7:06PM
MLS# 10129154
Copyright © 2026 Northeast Arkansas Board of Realtors. 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 ranch-style triplex contains three two-bedroom units within a 3,172-square-foot property. Central heating serves the building, and the 0.3685-acre site is located at 1706 Belt in Jonesboro, Arkansas.
The unit configuration provides a straightforward multifamily layout, with six bedrooms identified across the property. The asset is positioned in Jonesboro, ZIP Code 72401, within Craighead County.
The unit configuration provides a straightforward multifamily layout, with six bedrooms identified across the property. The asset is positioned in Jonesboro, ZIP Code 72401, within Craighead County.
Key Highlights
- Three two‑bedroom units
- 3,172 square feet of property size
- 0.3685‑acre site
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
$20,949
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
8.75%
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%
$418,980
$419.0K
Cap Rate 7%
$299,271
$299.3K
Cap Rate 9%
$232,767
$232.8K
Market Conditions
NOI Build-Up for 3,172 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
$32.4K $10.20/SF
− Vacancy
−$2.4K −$0.77/SF
EGI
$29.9K $9.44/SF
− OpEx
−$9.0K −$2.83/SF
NOI
$20.9K $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%
$418,980
Cap Rate 7%
$299,271
Cap Rate 9%
$232,767
Alternative Uses
Best Use
Multifamily LT 5
$299.3K
$261.9K – $349.2K
NOI $20,949 @ 7.0% cap · market cap 8.75%
Second Best
Apartment 5plus
$271.8K
$237.9K – $317.1K
NOI $19,028 @ 7.0% cap · market cap 7.94%
Theoretical Best
Office A
$555.3K
$485.9K – $647.9K
NOI $38,873 @ 7.0% cap · market cap 16.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
236
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?
Triplex - Ranch-style multifamily property with central heating and three two-bedroom residences.
Where is this triplex located?
The property is located at 1706 Belt Jonesboro, AR.
What is the asking price?
The asking price for this property is $239,500.
What are key features of this property?
This property features: Three two‑bedroom units; 3,172 square feet of property size; 0.3685‑acre site
