2-Unit
New
For Sale
$160,000
2411 High ST, Jonesboro, AR 72401
Multifamily, Jonesboro, AR
Property Size1,334 SF
Lot Size0.20 Acres
Price / SF$119.94
Days on Market3
Property Features for 2411 High ST
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi Family
Bedrooms
3
Rooms
Bedroom 2, Bedroom 1, Bedroom 3
Subdivision
KIECH 2ND ADD
Lot features
Other- Specify In Remarks
Elementary school
Nettleton Elementary
Middle school
Nettleton Middle School
High school
Nettleton High School
Elementary school district
Nettleton
Middle school district
Nettleton
High school district
Nettleton
Directions
From Nettleton Avenue, turn onto High Street and proceed to 2411 High Street, Jonesboro, AR 72401
Standard status
Active
APN
01-144271-12100
Size
1,334 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Description
KIECH 2ND ADD
Tax Annual Amount
913
Legal Description
KIECH 2ND ADD
Utilities
Heating system
Electric (Heating), Central, Natural Gas
Cooling system
Electric, Central Air, Gas (Cooling)
Building Details
Year built
1999
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Roof type
Shingle
Listing Agency:
Harmon Real Estate Company
(479) 546-0109
Listed By:
Lindsey Cotton
(479) 719-0344
Added: Oct 20
Last Checked: Oct 22 at 12:06AM
MLS# 1092544
Copyright © 2026 Western River Valley 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.
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Investment Insights
Based on property information with market context.
This 1999 duplex contains two residences totaling 1,334 square feet on an 8,814-square-foot lot. Vinyl flooring and a shingle roof are among the documented building features. The property is zoned Multi Family, and both units are currently occupied. Tenants pay their own utilities.
The property is in Jonesboro, with access to local employment, Arkansas State University, and area amenities. These nearby destinations provide context for the property's location without changing its straightforward two-unit configuration.
The property is in Jonesboro, with access to local employment, Arkansas State University, and area amenities. These nearby destinations provide context for the property's location without changing its straightforward two-unit configuration.
Key Highlights
- Two units totaling 1,334 square feet
- 8,814‑square‑foot lot
- Both units occupied; tenants pay utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,810
Cap Rate
5.51%
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 5.51%
Second Best
Apartment 5plus
$114.3K
$100.0K – $133.4K
NOI $8,002 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$233.5K
$204.4K – $272.5K
NOI $16,348 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
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
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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?
Duplex - Both residences are occupied, and tenants pay their own utilities.
Where is this duplex located?
The property is located at 2411 High ST Jonesboro, AR.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Two units totaling 1,334 square feet; 8,814‑square‑foot lot; Both units occupied; tenants pay utilities
