Five-Unit Apartment
For Sale
$1,000,000
410 W Monroe Ave, Jonesboro, AR 72401
Modern all-brick townhouse units offer individual bedrooms, full baths, appliances, and rear parking near downtown Jonesboro.
Property Size6,644 SF
Price / SF$150.51
Days on Market128
Property Features for 410 W Monroe Ave
General Information
Standard status
Active
Size
6,644 SF
Property subtype
Residential Income
Units
Unit Mix
5 x 2BR/2.5BA
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$4,137
Building Details
Year Built
2022
Stories
2
Construction
brick
Listing Agency:
Jonesboro Realty Company
2433993
Listed By:
Josh Olson · License #00058768
(870) 931-6806
Source:
Exprealty
Added: Jun 17
Changed: Oct 3
Last Checked: Oct 21 at 12:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jonesboro Realty Company
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Investment Insights
Based on property information with market context.
This five-unit apartment property consists of modern townhouses totaling 6,644 square feet. Each residence includes two bedrooms and two-and-a-half bathrooms, with a main-level kitchen, den, and half bath. The upper floor places each bedroom alongside its own full bathroom. All units feature all-brick exteriors and include appliances. Built in 2022, the property also provides rear parking beside a landscaped deck area.
The property is within walking distance of downtown Jonesboro, with access to The Lounge, Porch 30, and St. Bernard's Hospital. Its location places residents near dining, shopping, and entertainment options while maintaining a townhouse-style layout across the five residences.
The property is within walking distance of downtown Jonesboro, with access to The Lounge, Porch 30, and St. Bernard's Hospital. Its location places residents near dining, shopping, and entertainment options while maintaining a townhouse-style layout across the five residences.
Key Highlights
- Five townhouse‑style units 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 / Yr
$39,855
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,929
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Modern all-brick townhouse units offer individual bedrooms, full baths, appliances, and rear parking near downtown Jonesboro.
Where is this apartment building located?
The property is located at 410 W Monroe Ave 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 townhouse‑style units totaling 6,644 square feet; Each unit includes 2 bedrooms and 2.5 bathrooms; Built in 2022 with all‑brick exteriors
