8-Unit Apartment
621 Krewson Street, Jonesboro, AR 72401
For Sale
$480,000
Multi-Family, Jonesboro, AR
Property Size4,300 SF
Price / SF$111.63
Days on Market95
Property Features for 621 Krewson Street
General Information
Property type
Property subtype
Exterior features
Elementary school
High school
Subdivision
Standard status
APN
Size
Taxes and HOA fees
Tax Description
Legal Description
Building Details
Floors in Building
Number of units
Listing Agency:
Century 21 Portfolio · Century 21 Real Estate
Listed By:
Braxten Tatum · License AR #00089639
(870) 933-0026
Added: Aug 13
Changed: Oct 28
Last Checked: Nov 15 at 1:06AM
MLS# 10131657
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.
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Investment Insights
Based on property information with market context.
This apartment complex includes 8 units across two buildings, with each residence offering 2 bedrooms, 2 bathrooms, and a full kitchen. Four units provide an expanded floor plan, while the property totals 4300 square feet. Brick exteriors, a new roof, and recently serviced A/C units are among the documented improvements.
The property is located at 621 Krewson Street in Jonesboro, just off Main Street and directly across from a brand-new warehouse facility. The configuration combines multiple residential units with recent building and mechanical updates in a compact multifamily setting.
The property is located at 621 Krewson Street in Jonesboro, just off Main Street and directly across from a brand-new warehouse facility. The configuration combines multiple residential units with recent building and mechanical updates in a compact multifamily setting.
Key Highlights
- 8 units arranged across two buildings
- Each unit includes 2 bedrooms, 2 bathrooms, and a full kitchen
- Four units feature an expanded layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,794
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$515,880
$515.9K
Cap Rate 7%
$368,486
$368.5K
Cap Rate 9%
$286,600
$286.6K
Market Conditions
NOI Build-Up for 4,300 SF
Gross rent
$50.1K $11.64/SF
− Vacancy
−$3.2K −$0.73/SF
EGI
$46.9K $10.91/SF
− OpEx
−$21.1K −$4.91/SF
NOI
$25.8K $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%
$515,880
Cap Rate 7%
$368,486
Cap Rate 9%
$286,600
Alternative Uses
Best Use
Apartment 5plus
$368.5K
$322.4K – $429.9K
NOI $25,794 @ 7.0% cap · market cap 5.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$752.8K
$658.7K – $878.3K
NOI $52,697 @ 7.0% cap · market cap 10.98%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,783
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
$185,400
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Jonesboro, AR
Properties on Market for Apartment buildings in Jonesboro
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Two brick buildings feature full kitchens and recently serviced A/C units.
Where is this apartment building located?
The property is located at 621 Krewson Street Jonesboro, AR.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: 8 units arranged across two buildings; Each unit includes 2 bedrooms, 2 bathrooms, and a full kitchen; Four units feature an expanded layout
