Five-Unit Townhouse Apartment
For Sale
$1,000,000
410 W Monroe, Jonesboro, AR 72401
Multi-Family, Jonesboro, AR
Property Size6,644 SF
Price / SF$150.51
Days on Market81
Property Features for 410 W Monroe
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Bedrooms
10
Rooms
Bedroom 5, Bedroom 7, Bedroom 4, Bedroom 9, Bedroom 10, Bedroom 6, Bedroom 8, Bedroom 1, Bedroom 2, Bedroom 3
Window features
Blinds
Interior features
Ceiling Fan(s), Climate Control
Exterior features
Brick
Subdivision
Carson
Lot features
Landscaped, Shade Trees
Elementary school
Jonesboro Magnet
High school
Jonesboro High School
Standard status
Active
APN
01-144183-07600
Size
6,644 SF
Taxes and HOA fees
Tax Description
CARSON SUB OF LOTS 1-2-3-8-9-
Legal Description
CARSON SUB OF LOTS 1-2-3-8-9-
Utilities
Heating system
Heat Pump (Heating), Central
Cooling system
Central Air
Building Details
Floors in Building
2
Number of units
5
Flooring type
Ceramic, Vinyl
Roof type
Shingle
Listing Agency:
Jonesboro Realty Company
(870) 243-3993
Listed By:
Josh Olson · License #00058768
(187) 024-3399
Added: Jun 17
Changed: Aug 28
Last Checked: Sep 5 at 11:06AM
MLS# 10130419
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 6,644-square-foot apartment property contains five modern townhouses, each arranged across two levels with two bedrooms and two and one-half bathrooms. Constructed in 2022, the buildings have all-brick exteriors, vinyl and ceramic flooring, central air, heat pump heating, climate control, and ceiling fans. Kitchens include appliances, while the main level combines kitchen and den areas with a half bath; each upstairs bedroom has access to a full bathroom.
Rear parking sits beside a landscaped deck area. The property is located at 410 W Monroe in Jonesboro, within walking distance of downtown Jonesboro, The Lounge, Porch 30, and St. Bernard's Hospital. The surrounding district includes dining, shopping, and entertainment options.
Rear parking sits beside a landscaped deck area. The property is located at 410 W Monroe in Jonesboro, within walking distance of downtown Jonesboro, The Lounge, Porch 30, and St. Bernard's Hospital. The surrounding district includes dining, shopping, and entertainment options.
Key Highlights
- Five townhouses totaling 6,644 square feet
- Each unit includes 2 bedrooms and 2.5 bathrooms
- Built in 2022 with all‑brick exteriors
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
$39,855
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
3.99%
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%
$797,100
$797.1K
Cap Rate 7%
$569,357
$569.4K
Cap Rate 9%
$442,833
$442.8K
Market Conditions
NOI Build-Up for 6,644 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
$77.3K $11.64/SF
− Vacancy
−$4.9K −$0.73/SF
EGI
$72.5K $10.91/SF
− OpEx
−$32.6K −$4.91/SF
NOI
$39.9K $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 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%
$797,100
Cap Rate 7%
$569,357
Cap Rate 9%
$442,833
Alternative Uses
Best Use
Apartment 5plus
$569.4K
$498.2K – $664.3K
NOI $39,855 @ 7.0% cap · market cap 3.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,423 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,929
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Contemporary brick residences feature private parking, complete appliance packages, and landscaped outdoor space.
Where is this apartment building located?
The property is located at 410 W Monroe Jonesboro, AR.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Five townhouses totaling 6,644 square feet; Each unit includes 2 bedrooms and 2.5 bathrooms; Built in 2022 with all‑brick exteriors
