6-Unit Apartment
New
For Sale
$299,900
3811 E Highland, Jonesboro, AR 72401
Multi-Family, Jonesboro, AR
Property Size3,045 SF
Lot Size0.19 Acres
Price / SF$98.49
Days on Market5
Property Features for 3811 E Highland
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Bedrooms
6
Rooms
Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 6, Bedroom 5
Elementary school
Nettleton
High school
Nettleton
Subdivision
P
Standard status
Active
APN
01-144272-12300
Size
3,045 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Description
THORNES ADD PT W1/2 LOT 3
Legal Description
THORNES ADD PT W1/2 LOT 3
Utilities
Cooling system
Electric
Building Details
Floors in Building
1
Number of units
6
Listing Agency:
Jonesboro Realty Company
(870) 243-3993
Listed By:
Josh Olson · License #00058768
(187) 024-3399
Added: Oct 10
Last Checked: Oct 14 at 1:06AM
MLS# 10132867
Copyright © 2026 Northeast Arkansas 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.
Investment Insights
Based on property information with market context.
This six-unit apartment property at 3811 E Highland in Jonesboro contains 3,045 square feet on a 0.19-acre lot. Each apartment is arranged with one bedroom and one bathroom, and the property has electric cooling.
Located in Jonesboro, Arkansas, the property is in the 72401 ZIP code within Craighead County.
Located in Jonesboro, Arkansas, the property is in the 72401 ZIP code within Craighead County.
Key Highlights
- Six apartments, each with one bedroom and one bathroom
- 3,045 square feet of building area
- 0.19‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,266
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$365,320
$365.3K
Cap Rate 7%
$260,943
$260.9K
Cap Rate 9%
$202,956
$203.0K
Market Conditions
NOI Build-Up for 3,045 SF
Gross rent
$35.4K $11.64/SF
− Vacancy
−$2.2K −$0.73/SF
EGI
$33.2K $10.91/SF
− OpEx
−$14.9K −$4.91/SF
NOI
$18.3K $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%
$365,320
Cap Rate 7%
$260,943
Cap Rate 9%
$202,956
Alternative Uses
Best Use
Apartment 5plus
$260.9K
$228.3K – $304.4K
NOI $18,266 @ 7.0% cap · market cap 6.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$533.1K
$466.5K – $622.0K
NOI $37,317 @ 7.0% cap · market cap 12.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
420
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Every apartment has a one-bedroom, one-bathroom layout.
Where is this apartment building located?
The property is located at 3811 E Highland Jonesboro, AR.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Six apartments, each with one bedroom and one bathroom; 3,045 square feet of building area; 0.19‑acre lot
