Brick Triplex with Updated
For Sale
$239,900
2612 Stallings Ln, Jonesboro, AR 72401
Three-unit brick property with tenant-paid utilities and recent improvements to one unit.
Property Size1,936 SF
Price / SF$123.92
Days on Market57
Property Features for 2612 Stallings Ln
General Information
Standard status
Active
Size
1,936 SF
Property subtype
Multi-Family
Units
Unit Mix
3 x 2BR/1.5BA
Multifamily Units
3
Additional Details
Highway Access
Yes
Building Details
Buildings
1
Construction
brick
Listing Agency:
Century 21 Parker & Scroggins Realty - Sheridan
Listed By:
Patriot Company Real Estate
(479) 439-1933
Source:
Patriotcompany
Added: Aug 22
Changed: Oct 16
Last Checked: Oct 16 at 9:08AM
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 Century 21 Parker & Scroggins Realty - Sheridan
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Investment Insights
Based on property information with market context.
Located at 2612 Stallings Ln in Jonesboro, this brick triplex contains three 2-bedroom, 1.5-bath units. LVP flooring extends throughout the property, and the architectural shingle roof is five years old. Unit C has received additional interior work, including new flooring, trim, and paint.
Each tenant pays their own utilities. The property is zoned R-2 and sits near schools, shopping, and major highways in Jonesboro, AR.
Each tenant pays their own utilities. The property is zoned R-2 and sits near schools, shopping, and major highways in Jonesboro, AR.
Key Highlights
- Three 2‑bedroom, 1.5‑bath units
- Brick triplex with LVP flooring throughout
- Five‑year‑old architectural shingle roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,786
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,720
$255.7K
Cap Rate 7%
$182,657
$182.7K
Cap Rate 9%
$142,067
$142.1K
Market Conditions
NOI Build-Up for 1,936 SF
Gross rent
$19.7K $10.20/SF
− Vacancy
−$1.5K −$0.77/SF
EGI
$18.3K $9.44/SF
− OpEx
−$5.5K −$2.83/SF
NOI
$12.8K $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%
$255,720
Cap Rate 7%
$182,657
Cap Rate 9%
$142,067
Alternative Uses
Best Use
Multifamily LT 5
$182.7K
$159.8K – $213.1K
NOI $12,786 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$165.9K
$145.2K – $193.6K
NOI $11,613 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$338.9K
$296.6K – $395.4K
NOI $23,726 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,208
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?
Triplex - Three-unit brick property with tenant-paid utilities and recent improvements to one unit.
Where is this triplex located?
The property is located at 2612 Stallings Ln Jonesboro, AR.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Three 2‑bedroom, 1.5‑bath units; Brick triplex with LVP flooring throughout; Five‑year‑old architectural shingle roof
