Brick Triplex With Covered
700 W Monroe Avenue, Jonesboro, AR 72401
For Sale
$429,900
Multi-Family, Jonesboro, AR
Property Size4,484 SF
Lot Size0.39 Acres
Price / SF$95.87
Days on Market60
Property Features for 700 W Monroe Avenue
General Information
Property type
Property subtype
Parking features
Interior features
Exterior features
Accessibility
Subdivision
Lot features
Elementary school
High school
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Heating system
Cooling system
Building Details
Floors in Building
Number of units
Flooring type
Roof type
Listing Agency:
Coldwell Banker Village Communities Inc · Coldwell Banker Real Estate
Listed By:
Kevin Kercheval · License #PB00056142
(870) 935-7800
Added: Sep 11
Last Checked: Nov 9 at 4:06AM
MLS# 10132295
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 4,484-square-foot triplex contains three residential units, each configured with three bedrooms and two bathrooms. The property includes brick and vinyl exterior finishes, shingle roofing, vinyl flooring, ceiling fans, central heating, and central air conditioning. An accessible approach with ramp and handicap-accessible features are also provided.
All three units are fully leased, and each residence is separately metered for utilities paid directly by its occupants. Covered parking serves the property, which occupies 0.3874 acres in Jonesboro, Arkansas.
All three units are fully leased, and each residence is separately metered for utilities paid directly by its occupants. Covered parking serves the property, which occupies 0.3874 acres in Jonesboro, Arkansas.
Key Highlights
- Three‑unit triplex with 4,484 square feet of building area
- Each unit includes 3 bedrooms and 2 bathrooms
- All three units are fully leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,615
Cap Rate
6.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$592,300
$592.3K
Cap Rate 7%
$423,071
$423.1K
Cap Rate 9%
$329,056
$329.1K
Market Conditions
NOI Build-Up for 4,484 SF
Gross rent
$45.7K $10.20/SF
− Vacancy
−$3.4K −$0.77/SF
EGI
$42.3K $9.44/SF
− OpEx
−$12.7K −$2.83/SF
NOI
$29.6K $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%
$592,300
Cap Rate 7%
$423,071
Cap Rate 9%
$329,056
Alternative Uses
Best Use
Multifamily LT 5
$423.1K
$370.2K – $493.6K
NOI $29,615 @ 7.0% cap · market cap 6.89%
Second Best
Apartment 5plus
$384.3K
$336.2K – $448.3K
NOI $26,898 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$785.0K
$686.9K – $915.9K
NOI $54,952 @ 7.0% cap · market cap 12.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,459
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
Frequently Asked Questions
What type of property is this?
Triplex - Three accessible residential units offer separate utility metering, central HVAC, and covered parking.
Where is this triplex located?
The property is located at 700 W Monroe Avenue Jonesboro, AR.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: Three‑unit triplex with 4,484 square feet of building area; Each unit includes 3 bedrooms and 2 bathrooms; All three units are fully leased
