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11-Unit Loft Apartment Building
For Sale
$2,650,000

226 Union St #1-11, Jonesboro, AR 72401

Fully occupied downtown property with gated parking and a resident-only rooftop patio.

Property Size8,000 SF
Price / SF$331.25
Days on Market44

Property Features for 226 Union St #1-11

General Information

Standard status Active
Size 8,000 SF
Total Parking Spaces 8
Property subtype Multi-family
Occupancy 100%

Units

Unit Mix 9 x 2BR/2BA, 2 x 1BR/1BA
Multifamily Units 11

Additional Details

Sprinkler System Yes

Amenities

secure gated access
tankless water heaters
rooftop patio
Listing Agency: Arnold Group Real Estate
Listed By: Bill Pressly
Source: Heilesassociatesrealtors
Added: Jul 20 Changed: Aug 28 Last Checked: Aug 31 at 5:13PM

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 Arnold Group Real Estate

Investment Insights

Based on property information with market context.

Located at 226 Union St in Jonesboro’s Downtown Entertainment District, this 8,000-square-foot multifamily property contains 11 loft-style apartments within the historic Massinelli’s Dry Cleaning Building. The unit mix includes nine two-bedroom, two-bath residences and two one-bedroom, one-bath residences.

The property is fully occupied and includes eight gated parking spaces, secure access, a fire sprinkler system, and tankless water heaters. Residents also have access to a rooftop patio. Its downtown setting places the building within the Jonesboro Entertainment District, while the area is approximately 52% renter-occupied. The combination of loft-oriented residential space, dedicated parking, and building amenities provides a defined multifamily configuration.

Key Highlights

  • 11 loft‑style residential units: nine 2 bed, 2 bath and two 1 bed, 1 bath
  • 8 gated parking spaces with secure property access
  • 8,000 SF building at 226 Union St, Jonesboro, AR 72401

Property Analytics

Current Use

1031 exchange properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Computer & Electronic Repair Auto Parts Store Bakery Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

11
Residential units
100%
Occupancy
Yes
Sprinkler system

Location Intelligence

Trade Area within ½ mile

2,002
Businesses Nearby

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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully occupied downtown property with gated parking and a resident-only rooftop patio.
Where is this apartment building located?
The property is located at 226 Union St #1-11 Jonesboro, AR.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: 11 loft‑style residential units: nine 2 bed, 2 bath and two 1 bed, 1 bath; 8 gated parking spaces with secure property access; 8,000 SF building at 226 Union St, Jonesboro, AR 72401
More about this property
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