622 W Oak Avenue, Jonesboro, AR 72401
MULTI_FAMILY - Jonesboro, AR
- Added:
- Jun 18, 2026
- Days on Market:
- 10
- Last Refresh:
- Jun 27 at 2:06 pm
Property Features for 622 W Oak Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Appliances
- Electric Range, Electric Range
- Standard status
- Active
- Size
- 2,866 SF
- Lot size
- 0.37 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- WITT SUB BLK 23-24 KNIGHT ADD
- Tax Annual Amount
- 1572
Building Details
- Floors in Building
- 2
- Number of units
- 5
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Kim Shelton License #SA00085269 (870) 219-3322
Listing office Halsey Real Estate 301 W Washington Ave, Suite 200, Jonesboro, AR (870) 972-9191
Listing date Jun 18, 2026
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Converted into a five‑unit apartment building with historic West End character
- Located in the Historic West End neighborhood just off Flint Street
- Known locally as The Savannah House
- Shingle roof
- Electric range appliances included
Overview
The property is located at 622 W Oak Avenue in Jonesboro, Arkansas, in the Historic West End Neighborhood, just off Flint Street. It is a for-sale multifamily asset in Craighead County with a single established residential building on the site.
This five-unit setup may appeal to buyers looking for a small multifamily property with an existing unit mix already in place. With its maintained condition and conversion into apartments, the building provides a straightforward option for investors or operators seeking to acquire an income-producing residential asset in a historic neighborhood context.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.4k | $11.64 |
| − Vacancy | −$2.1k | −$0.73 |
| EGI | $31.3k | $10.91 |
| − OpEx | −$14.1k | −$4.91 |
| NOI | $17.2k | $6.00 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Jonesboro
- County
- Craighead
- State
- Arkansas
- Longitude
- -90.711677
- Latitude
- 35.834111
