New Three-Bedroom Residential
3021 Olivia Court, Jonesboro, AR 72404
For Sale
$198,900
Residential, Traditional, Jonesboro, AR
Property Size1,220 SF
Price / SF$163.03
Days on Market81
Property Features for 3021 Olivia Court
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Interior features
Exterior features
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Taxes and HOA fees
Tax Description
HOA Fee
Legal Description
Building Details
Floors in Building
Flooring type
Roof type
Architectural style
Listing Agency:
Coldwell Banker Village Communities
(870) 935-7800
Listed By:
Kevin Kercheval · License AR PB00056142
(870) 926-3225
Added: Aug 24
Changed: Nov 2
Last Checked: Nov 12 at 7:06AM
MLS# 26035495
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. 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 brand-new residential income property at 3021 Olivia Court is a never-occupied condominium with 1,220 square feet, three bedrooms, and two bathrooms. The interior includes an open living arrangement, vaulted ceilings, vinyl flooring, granite countertops, quality cabinetry, and contemporary finishes. The primary suite features a tiled shower, while a dedicated laundry room supports daily functionality.
Exterior features include a covered patio and covered two-car carport. The condo is equipped with a microwave, electric range, and dishwasher, and it has composition roofing. Its configuration supports either owner occupancy or use as a residential investment property.
Exterior features include a covered patio and covered two-car carport. The condo is equipped with a microwave, electric range, and dishwasher, and it has composition roofing. Its configuration supports either owner occupancy or use as a residential investment property.
Key Highlights
- Brand‑new, never‑occupied condominium at 3021 Olivia Court
- 1,220 square feet with 3 bedrooms and 2 bathrooms
- Open‑concept interior with vaulted ceilings and vinyl flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,318
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$146,360
$146.4K
Cap Rate 7%
$104,543
$104.5K
Cap Rate 9%
$81,311
$81.3K
Market Conditions
NOI Build-Up for 1,220 SF
Gross rent
$14.2K $11.64/SF
− Vacancy
−$895 −$0.73/SF
EGI
$13.3K $10.91/SF
− OpEx
−$6.0K −$4.91/SF
NOI
$7.3K $6.00/SF
Area
Craighead County, AR
Vacancy
6.30%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$146,360
Cap Rate 7%
$104,543
Cap Rate 9%
$81,311
Alternative Uses
Best Use
Apartment 5plus
$104.5K
$91.5K – $122.0K
NOI $7,318 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$213.6K
$186.9K – $249.2K
NOI $14,951 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
161
Businesses Nearby
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Business Placement
Demographics for 72404, AR
29,344
Population
12,518
Households
2.3
Avg Household Size
35
Median Age
34%
College-Educated
93%
High-School Grad
128.0 sq mi
ZIP Area
229
Density / Sq Mi
$67,000
Median Household Income
$40,373
Median Earnings
$938
Median Rent
$236,300
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Jonesboro, AR
Properties on Market for Residential income properties in Jonesboro
Frequently Asked Questions
What type of property is this?
Residential income property - Brand-new condo with two baths, vaulted ceilings, covered parking, and updated interior finishes.
Where is this residential income property located?
The property is located at 3021 Olivia Court Jonesboro, AR.
What is the asking price?
The asking price for this property is $198,900.
What are key features of this property?
This property features: Brand‑new, never‑occupied condominium at 3021 Olivia Court; 1,220 square feet with 3 bedrooms and 2 bathrooms; Open‑concept interior with vaulted ceilings and vinyl flooring
