Brick Triplex with Updated
2612 Stallings Ln #800, Jonesboro, AR 72401
For Sale
$239,900
Each residence has two bedrooms, one-and-a-half bathrooms, and LVP flooring throughout.
Property Size1,936 SF
Price / SF$123.92
Days on Market86
Property Features for 2612 Stallings Ln #800
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Tenant in Place
Building Details
Construction
Listing Agency:
Compass Rose Realty
(870) 336-1008
Listed By:
Kyah Mancil
(901) 371-1617
Source:
Blairrealtors
Added: Aug 16
Changed: Nov 8
Last Checked: Nov 8 at 6:56AM
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.
At 2612 Stallings Ln in Jonesboro, this 1,936-square-foot brick triplex contains three units, each arranged with two bedrooms and one-and-a-half bathrooms. LVP flooring runs throughout the residences. Unit C has newer flooring, trim, and paint, while the building’s architectural-shingle roof is five years old.
Residents are responsible for their own utility costs. The property is located in Jonesboro, Arkansas.
Residents are responsible for their own utility costs. The property is located in Jonesboro, Arkansas.
Key Highlights
- Three units, each with 2 bedrooms and 1.5 bathrooms
- 1,936 square feet of building area
- Brick construction with LVP flooring throughout
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence has two bedrooms, one-and-a-half bathrooms, and LVP flooring throughout.
Where is this triplex located?
The property is located at 2612 Stallings Ln #800 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 units, each with 2 bedrooms and 1.5 bathrooms; 1,936 square feet of building area; Brick construction with LVP flooring throughout
