Four-Story Residential Income
223 S Church St #103, Jonesboro, AR 72401
For Sale
$429,900
Downtown residence features two bedrooms, 2.5 baths, a rooftop lawn, and gated parking.
Property Size4,114 SF
Price / SF$104.50
Days on Market83
Property Features for 223 S Church St #103
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
wood floors
exposed brick
expansive living areas
stunning downtown views
top-floor atrium
rooftop lawn with pergola
washer/dryer connections on two levels
ample cabinetry
abundant storage
Building Details
Stories
Listing Agency:
Compass Rose Realty
(870) 336-1008
Listed By:
Erica Rose
(870) 243-9255
Source:
Dustinwhiterealty
Added: Aug 19
Changed: Nov 8
Last Checked: Nov 8 at 7:45AM
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 Compass Rose Realty
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Investment Insights
Based on property information with market context.
This four-story downtown residence contains two bedrooms and 2.5 baths, with wood flooring, exposed brick, and an atrium on the upper level. A rooftop lawn with pergola, ample cabinetry, and storage add to the property’s features. Washer and dryer connections are located on two levels, and two gated parking spaces are included.
The property is at 223 S Church St in Jonesboro’s downtown entertainment district, near St. Bernards Medical Center, Arkansas State University, shopping, and restaurants. Its lower floors offer additional space that may be configured as an office, media room, gym, or bedrooms.
The property is at 223 S Church St in Jonesboro’s downtown entertainment district, near St. Bernards Medical Center, Arkansas State University, shopping, and restaurants. Its lower floors offer additional space that may be configured as an office, media room, gym, or bedrooms.
Key Highlights
- Four‑story residence with two bedrooms and 2.5 baths
- Rooftop lawn with pergola
- Two gated parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,679
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$493,580
$493.6K
Cap Rate 7%
$352,557
$352.6K
Cap Rate 9%
$274,211
$274.2K
Market Conditions
NOI Build-Up for 4,114 SF
Gross rent
$47.9K $11.64/SF
− Vacancy
−$3.0K −$0.73/SF
EGI
$44.9K $10.91/SF
− OpEx
−$20.2K −$4.91/SF
NOI
$24.7K $6.00/SF
Area
Craighead County, AR
Vacancy
6.30%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$493,580
Cap Rate 7%
$352,557
Cap Rate 9%
$274,211
Alternative Uses
Best Use
Apartment 5plus
$352.6K
$308.5K – $411.3K
NOI $24,679 @ 7.0% cap · market cap 5.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$720.3K
$630.2K – $840.3K
NOI $50,418 @ 7.0% cap · market cap 11.73%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,002
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
$185,400
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Jonesboro, AR
Properties on Market for Residential income properties in Jonesboro
Frequently Asked Questions
What type of property is this?
Residential income property - Downtown residence features two bedrooms, 2.5 baths, a rooftop lawn, and gated parking.
Where is this residential income property located?
The property is located at 223 S Church St #103 Jonesboro, AR.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: Four‑story residence with two bedrooms and 2.5 baths; Rooftop lawn with pergola; Two gated parking spaces
