Two-Unit
For Sale
$145,000
605-607 Alfred Watkins St #800, Jonesboro, AR 72405
Both residences are occupied, with tenants responsible for utility costs other than water.
Property Size1,734 SF
Price / SF$83.62
Days on Market59
Property Features for 605-607 Alfred Watkins St #800
General Information
Standard status
Active
Size
1,734 SF
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Tenant in Place
Yes
Building Details
Tenancy
Multi
Listing Agency:
Compass Rose Realty
(870) 336-1008
Listed By:
Kyah Mancil
(901) 371-1617
Source:
Dustinwhiterealty
Added: Sep 9
Changed: Nov 5
Last Checked: Nov 6 at 7:32AM
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 Compass Rose Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 605-607 Alfred Watkins St in Jonesboro, this 1,734-square-foot duplex contains two residences, each configured with two bedrooms and one bathroom. Both units are tenant-occupied. Residents pay the utility costs with water as the exception.
Key Highlights
- Two‑unit duplex totaling 1,734 square feet
- Each residence has 2 bedrooms and 1 bathroom
- Both units are tenant‑occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,452
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$229,040
$229.0K
Cap Rate 7%
$163,600
$163.6K
Cap Rate 9%
$127,244
$127.2K
Market Conditions
NOI Build-Up for 1,734 SF
Gross rent
$17.7K $10.20/SF
− Vacancy
−$1.3K −$0.77/SF
EGI
$16.4K $9.44/SF
− OpEx
−$4.9K −$2.83/SF
NOI
$11.5K $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%
$229,040
Cap Rate 7%
$163,600
Cap Rate 9%
$127,244
Alternative Uses
Best Use
Multifamily LT 5
$163.6K
$143.2K – $190.9K
NOI $11,452 @ 7.0% cap · market cap 7.90%
Second Best
Apartment 5plus
$148.6K
$130.0K – $173.4K
NOI $10,402 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$303.6K
$265.6K – $354.2K
NOI $21,250 @ 7.0% cap · market cap 14.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
Explore this area
Business Placement
Demographics for 72405, AR
17,109
Population
7,049
Households
2.4
Avg Household Size
33
Median Age
39%
College-Educated
91%
High-School Grad
35.9 sq mi
ZIP Area
477
Density / Sq Mi
$84,722
Median Household Income
$42,329
Median Earnings
$1,009
Median Rent
$240,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied, with tenants responsible for utility costs other than water.
Where is this duplex located?
The property is located at 605-607 Alfred Watkins St #800 Jonesboro, AR.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,734 square feet; Each residence has 2 bedrooms and 1 bathroom; Both units are tenant‑occupied
