2-Unit Residential
605 607 Alfred Watkins St, Jonesboro, AR 72405
For Sale
$145,000
Both apartments are occupied, with residents covering utility costs other than water.
Property Size1,734 SF
Price / SF$83.62
Days on Market62
Property Features for 605 607 Alfred Watkins St
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Highway Access
Road Access
Utilities to Site
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Buildings
Tenancy
Listing Agency:
Compass Rose Realty
Listed By:
Kyah Mancil
(901) 371-1617
Source:
Dustinwhiterealty
Added: Sep 9
Changed: Nov 8
Last Checked: Nov 8 at 4:11PM
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
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Investment Insights
Based on property information with market context.
This Jonesboro duplex contains 1,734 square feet across two apartments. Each unit has two bedrooms and one bathroom, and both are currently occupied. Residents pay utilities other than water, which is paid by ownership.
Key Highlights
- Two occupied apartments, each with 2 bedrooms and 1 bathroom
- 1,734 square feet across the duplex
- Residents pay utilities except water
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.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments are occupied, with residents covering utility costs other than water.
Where is this duplex located?
The property is located at 605 607 Alfred Watkins St 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 occupied apartments, each with 2 bedrooms and 1 bathroom; 1,734 square feet across the duplex; Residents pay utilities except water
