Jonesboro, AR Rental Home
For Sale
$552,000
4 Single Family Rental House Package, Jonesboro, AR 72401
Multi-Family, Jonesboro, AR
Property Size5,175 SF
Price / SF$106.67
Days on Market130
Property Features for 4 Single Family Rental House Package
General Information
Property type
Residential Multi Family
Property subtype
Other
Subdivision
Multiple
Directions
Call Listing Agent
Standard status
Active
Size
5,175 SF
Building Details
Floors in Building
1
Number of units
4
Listing Agency:
Halsey Real Estate - Benton
(501) 575-9191
Listed By:
Zane Neves · License #SA00099220
(870) 530-7712
Added: May 8
Changed: Sep 5
Last Checked: Sep 14 at 1:06PM
MLS# 26020807
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.
Investment Insights
Based on property information with market context.
This investor opportunity features a package of four single-family rental homes located throughout Jonesboro. The portfolio includes a mix of tenant-occupied and vacant properties, offering both immediate rental income and value-add potential. Properties included are 4703 Victoria Watts Place (3 bedrooms, 2 bathrooms, 1,166 square feet - tenant occupied), 2205 Circle Drive (2 bedrooms, 1 bathroom, 768 square feet - tenant occupied), 1925 W. Nettleton Ave (3 bedrooms, 2 bathrooms, 1,507 square feet - vacant), and 1915 Westwood Drive (3 bedrooms, 2.5 bathrooms, 1,734 square feet - vacant). The total property size is 5,175 square feet. This is a great opportunity for investors seeking to expand their rental portfolio, offering a combination of stabilized income and lease-up potential. Additional information is available upon request.
Key Highlights
- Package of four single‑family rental homes
- Mix of tenant‑occupied and vacant properties
- Immediate rental income from occupied properties
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,178
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$683,560
$683.6K
Cap Rate 7%
$488,257
$488.3K
Cap Rate 9%
$379,756
$379.8K
Market Conditions
NOI Build-Up for 5,175 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$52.8K $10.20/SF
− Vacancy
−$4.0K −$0.77/SF
EGI
$48.8K $9.44/SF
− OpEx
−$14.6K −$2.83/SF
NOI
$34.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$683,560
Cap Rate 7%
$488,257
Cap Rate 9%
$379,756
Alternative Uses
Best Use
Multifamily LT 5
$488.3K
$427.2K – $569.6K
NOI $34,178 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$443.5K
$388.0K – $517.4K
NOI $31,043 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$906.0K
$792.8K – $1.06M
NOI $63,420 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
679
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four single-family homes for investors in Jonesboro, Arkansas.
Where is this quadplex located?
The property is located at 4 Single Family Rental House Package Jonesboro, AR.
What is the asking price?
The asking price for this property is $552,000.
What are key features of this property?
This property features: Package of four single‑family rental homes; Mix of tenant‑occupied and vacant properties; Immediate rental income from occupied properties
