Four-Unit Multifamily
New
For Sale
$275,000
630 W Strawn Avenue, Jonesboro, AR 72401
Multi-Family, Jonesboro, AR
Property Size2,628 SF
Lot Size0.16 Acres
Price / SF$104.64
Days on Market7
Property Features for 630 W Strawn Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Rooms
Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 3
Exterior features
Brick, Vinyl Siding
Subdivision
Homebuilders
Lot features
Level
Elementary school
Jonesboro Magnet
High school
Jonesboro High School
Standard status
Active
APN
01-144192-09100
Size
2,628 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
HOME BUILDERS SUB LOTS 3-4-5-6
Legal Description
HOME BUILDERS SUB LOTS 3-4-5-6
Utilities
Cooling system
Electric
Building Details
Floors in Building
2
Number of units
4
Flooring type
Carpet, Vinyl
Listing Agency:
Century 21 Portfolio · Century 21 Real Estate
(870) 933-0026
Listed By:
Tim Ray · License #SA00072371
9330026
Added: Sep 28
Changed: Oct 2
Last Checked: Oct 4 at 6:06PM
MLS# 10132552
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.
Investment Insights
Based on property information with market context.
This four-unit multifamily property contains 2,628 square feet, with each residence measuring approximately 600 square feet. Two units are on the ground floor and have step-free access; the other two are upstairs. Each unit has a front interior entrance and a rear door leading to a deck. Updates include windows, doors, heating units, and cooling units. The property is fully occupied, with a cap rate of over 9%. Tenants pay their own utilities, while water and sewer are provided by the owner.
At 630 W Strawn Avenue in Jonesboro, the property is directly across from the Kindergarten Center and near Downtown Jonesboro, City Water and Light Park, and the Jonesboro Public Library. The parcel comprises 0.1607 acres.
At 630 W Strawn Avenue in Jonesboro, the property is directly across from the Kindergarten Center and near Downtown Jonesboro, City Water and Light Park, and the Jonesboro Public Library. The parcel comprises 0.1607 acres.
Key Highlights
- Four units totaling 2,628 square feet
- Fully occupied; cap rate of over 9%
- Approximately 600 square feet per unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,357
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied layout includes two ground-floor residences with step-free entry and two upstairs units.
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 units totaling 2,628 square feet; Fully occupied; cap rate of over 9%; Approximately 600 square feet per unit
