8-Unit Apartment
For Sale
$490,000
621 Krewson Street, Jonesboro, AR 72401
Two buildings provide eight apartments, each with a full kitchen and a two-bedroom, two-bathroom layout.
Property Size4,300 SF
Price / SF$113.95
Days on Market79
Property Features for 621 Krewson Street
General Information
Standard status
Active
Size
4,300 SF
Property subtype
Apartments
Units
Unit Mix
8 x 2BR/2BA
Multifamily Units
8
Building Details
Buildings
2
Listing Agency:
Dustin White Realty
Listed By:
JC Cox
(870) 686-3650
Source:
Dustinwhiterealty
Added: Aug 13
Changed: Oct 28
Last Checked: Oct 28 at 3:08PM
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 Dustin White Realty
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Investment Insights
Based on property information with market context.
The property comprises two apartment buildings with a total of 8 units. Each apartment has 2 bedrooms, 2 bathrooms, and a full kitchen; 4 units have an expanded layout. The buildings total 4,300 square feet. A new roof and recently serviced air-conditioning units are among the property’s updates.
The complex is at 621 Krewson Street in Jonesboro, Arkansas, just off Main Street and across from a newly built warehouse facility.
The complex is at 621 Krewson Street in Jonesboro, Arkansas, just off Main Street and across from a newly built warehouse facility.
Key Highlights
- 8 apartments across 2 buildings
- Each unit has 2 bedrooms, 2 bathrooms, and a full kitchen
- 4 units feature an expanded layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,794
Cap Rate
5.26%
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 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$752.8K
$658.7K – $878.3K
NOI $52,697 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Two buildings provide eight apartments, each with a full kitchen and a two-bedroom, two-bathroom layout.
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 $490,000.
What are key features of this property?
This property features: 8 apartments across 2 buildings; Each unit has 2 bedrooms, 2 bathrooms, and a full kitchen; 4 units feature an expanded layout
