4-Unit Multifamily
New
For Sale
$159,000
2411 High St, Jonesboro, AR 72401
The single-story building is zoned R-2 and fully occupied.
Property Size1,334 SF
Price / SF$119.19
Days on Market4
Property Features for 2411 High St
General Information
Standard status
Active
Size
1,334 SF
Property subtype
MultiFamily Apartments
Zoning
R-2
Occupancy
100%
Additional Details
Multifamily Units
4
Tenant in Place
Yes
Building Details
Building Size
1,334 SF
Year Built
1954
Buildings
1
Stories
1
Listing Agency:
Harmon Real Estate Company
Listed By:
Lindsey Cotton
(501) 486-5990
Source:
Thebrokerlist
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 24 at 1:27PM
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 Harmon Real Estate Company
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,334-square-foot multifamily property contains four residential units in a single-story building. Built in 1954, it is in fair condition and has 100% occupancy. The R-2 zoning designation is also noted for the property.
Located at 2411 High St in Jonesboro, Arkansas, the property is near the Nettleton school district.
Located at 2411 High St in Jonesboro, Arkansas, the property is near the Nettleton school district.
Key Highlights
- Four units in a single‑story building
- 1,334 square feet
- 100% occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,810
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$176,200
$176.2K
Cap Rate 7%
$125,857
$125.9K
Cap Rate 9%
$97,889
$97.9K
Market Conditions
NOI Build-Up for 1,334 SF
Gross rent
$13.6K $10.20/SF
− Vacancy
−$1.0K −$0.77/SF
EGI
$12.6K $9.44/SF
− OpEx
−$3.8K −$2.83/SF
NOI
$8.8K $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%
$176,200
Cap Rate 7%
$125,857
Cap Rate 9%
$97,889
Alternative Uses
Best Use
Multifamily LT 5
$125.9K
$110.1K – $146.8K
NOI $8,810 @ 7.0% cap · market cap 5.54%
Second Best
Apartment 5plus
$114.3K
$100.0K – $133.4K
NOI $8,002 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$233.5K
$204.4K – $272.5K
NOI $16,348 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
254
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - The single-story building is zoned R-2 and fully occupied.
Where is this quadplex located?
The property is located at 2411 High St Jonesboro, AR.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: Four units in a single‑story building; 1,334 square feet; 100% occupancy
