4-Unit Quadplex with Private Outdoor
404 Scott Street, Jonesboro, AR 72404
For Sale
$450,000
Multi-Family, Traditional, Jonesboro, AR
Property Size2,912 SF
Lot Size0.38 Acres
Price / SF$154.53
Days on Market49
Property Features for 404 Scott Street
General Information
Property type
Property subtype
Appliances
Subdivision
Lot features
High school
Directions
Standard status
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Floors in Building
Number of units
Flooring type
Roof type
Architectural style
Buildings
Listing Agency:
Arnold Group Real Estate
(870) 932-2600
Listed By:
Bill Pressly
(870) 919-3990
Added: Sep 23
Changed: Oct 29
Last Checked: Nov 10 at 7:06PM
MLS# 26038754
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 2,912-square-foot quadplex contains four units, each configured with two bedrooms and one bathroom. Individual residences have jetted tub-and-shower combinations, front and rear storm doors, and small private deck or yard areas bordered by wooden privacy fencing. The building was constructed in 2004, and the shingle roof is less than 10 years old. Updates include appliances, cabinets, sinks, bathroom improvements, LED lighting, and hot water heaters.
The property sits near Arkansas State University and Downtown Jonesboro at 404 Scott Street. It occupies a 0.38-acre parcel and is fully occupied.
The property sits near Arkansas State University and Downtown Jonesboro at 404 Scott Street. It occupies a 0.38-acre parcel and is fully occupied.
Key Highlights
- Four units, each with two bedrooms and one bathroom
- 2,912 square feet on a 0.38‑acre parcel
- Private deck or yard area with wooden privacy fencing at each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,232
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,640
$384.6K
Cap Rate 7%
$274,743
$274.7K
Cap Rate 9%
$213,689
$213.7K
Market Conditions
NOI Build-Up for 2,912 SF
Gross rent
$29.7K $10.20/SF
− Vacancy
−$2.2K −$0.77/SF
EGI
$27.5K $9.44/SF
− OpEx
−$8.2K −$2.83/SF
NOI
$19.2K $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 Rate 5%
$384,640
Cap Rate 7%
$274,743
Cap Rate 9%
$213,689
Alternative Uses
Best Use
Multifamily LT 5
$274.7K
$240.4K – $320.5K
NOI $19,232 @ 7.0% cap · market cap 4.27%
Second Best
Apartment 5plus
$249.5K
$218.4K – $291.1K
NOI $17,468 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$509.8K
$446.1K – $594.8K
NOI $35,687 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
302
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has two bedrooms, one bath, and a private deck or yard area.
Where is this quadplex located?
The property is located at 404 Scott Street Jonesboro, AR.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Four units, each with two bedrooms and one bathroom; 2,912 square feet on a 0.38‑acre parcel; Private deck or yard area with wooden privacy fencing at each unit
