Four-Unit
For Sale
$275,000
630 W Strawn Avenue, Jonesboro, AR 72401
All apartments are occupied; residents pay their own utilities, while ownership covers water and sewer.
Property Size2,628 SF
Price / SF$104.64
Days on Market8
Property Features for 630 W Strawn Avenue
General Information
Standard status
Active
Size
2,628 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Gross Income
$29,100
Utilities to Site
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$982
Amenities
deck
Listing Agency:
Century 21 Portfolio
9330026
Listed By:
Tim Ray · License #SA00072371
(870) 933-0026
Source:
Exprealty
Added: Sep 28
Changed: Oct 5
Last Checked: Oct 4 at 2:26PM
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 Century 21 Portfolio
Investment Insights
Based on property information with market context.
This four-unit residential property contains 2,628 square feet, with each apartment measuring approximately 600 square feet. Units have front interior entries and rear doors leading to a deck. Two apartments are on the ground floor with step-free access; the other two are upstairs. Updates include windows, doors, heating units, and cooling units.
The property is at 630 W Strawn Avenue in Jonesboro, directly across from the Kindergarten Center. Downtown Jonesboro, City Water and Light Park, and the Jonesboro Public Library are described as minutes away. The apartments are fully occupied. Residents pay their own utilities, and ownership provides water and sewer. The reported cap rate is over 9%.
The property is at 630 W Strawn Avenue in Jonesboro, directly across from the Kindergarten Center. Downtown Jonesboro, City Water and Light Park, and the Jonesboro Public Library are described as minutes away. The apartments are fully occupied. Residents pay their own utilities, and ownership provides water and sewer. The reported cap rate is over 9%.
Key Highlights
- Four residential units; 2,628 square feet total
- Each apartment is approximately 600 square feet
- Two ground‑floor units have step‑free entry; two units are upstairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,357
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,140
$347.1K
Cap Rate 7%
$247,957
$248.0K
Cap Rate 9%
$192,856
$192.9K
Market Conditions
NOI Build-Up for 2,628 SF
Gross rent
$26.8K $10.20/SF
− Vacancy
−$2.0K −$0.77/SF
EGI
$24.8K $9.44/SF
− OpEx
−$7.4K −$2.83/SF
NOI
$17.4K $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%
$347,140
Cap Rate 7%
$247,957
Cap Rate 9%
$192,856
Alternative Uses
Best Use
Multifamily LT 5
$248.0K
$217.0K – $289.3K
NOI $17,357 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$225.2K
$197.1K – $262.8K
NOI $15,765 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$460.1K
$402.6K – $536.8K
NOI $32,207 @ 7.0% cap · market cap 11.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,087
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Quadplex - All apartments are occupied; residents pay their own utilities, while ownership covers water and sewer.
Where is this quadplex located?
The property is located at 630 W Strawn Avenue Jonesboro, AR.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Four residential units; 2,628 square feet total; Each apartment is approximately 600 square feet; Two ground‑floor units have step‑free entry; two units are upstairs
