Renovated Duplex with
For Sale
$148,141
816 N Church St, Jonesboro, AR 72401
Two-unit residential property with updated building systems, furnishings, current occupancy, and R3 zoning.
Property Size1,856 SF
Price / SF$79.82
Days on Market19
Property Features for 816 N Church St
General Information
Standard status
Active
Size
1,856 SF
Property subtype
Residential Income
Zoning
R3
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$650
Building Details
Year Renovated
2018
Listing Agency:
Coldwell Banker Village Communities Inc
(870) 919-0050
Listed By:
Marshall Ghant · License #00050432
(870) 919-0050
Source:
Exprealty
Added: Aug 6
Changed: Aug 22
Last Checked: Aug 23 at 5:56AM
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 Coldwell Banker Village Communities Inc
Investment Insights
Based on property information with market context.
This two-unit property contains 1,856 square feet and underwent a comprehensive renovation in 2018. Improvements included new electrical service, plumbing, fixtures, and furnishings. The duplex is currently occupied and is zoned R3.
Located at 816 N Church St in Jonesboro, Arkansas, the property offers an updated configuration for residential income use with the major building systems and interior fixtures addressed during the renovation.
Located at 816 N Church St in Jonesboro, Arkansas, the property offers an updated configuration for residential income use with the major building systems and interior fixtures addressed during the renovation.
Key Highlights
- Duplex with 1,856 square feet
- Renovated in 2018
- New electrical service and plumbing
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
$12,258
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
8.27%
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%
$245,160
$245.2K
Cap Rate 7%
$175,114
$175.1K
Cap Rate 9%
$136,200
$136.2K
Market Conditions
NOI Build-Up for 1,856 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
$18.9K $10.20/SF
− Vacancy
−$1.4K −$0.77/SF
EGI
$17.5K $9.44/SF
− OpEx
−$5.3K −$2.83/SF
NOI
$12.3K $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%
$245,160
Cap Rate 7%
$175,114
Cap Rate 9%
$136,200
Alternative Uses
Best Use
Multifamily LT 5
$175.1K
$153.2K – $204.3K
NOI $12,258 @ 7.0% cap · market cap 8.27%
Second Best
Apartment 5plus
$159.1K
$139.2K – $185.6K
NOI $11,134 @ 7.0% cap · market cap 7.52%
Theoretical Best
Office A
$324.9K
$284.3K – $379.1K
NOI $22,746 @ 7.0% cap · market cap 15.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
182
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with updated building systems, furnishings, current occupancy, and R3 zoning.
Where is this duplex located?
The property is located at 816 N Church St Jonesboro, AR.
What is the asking price?
The asking price for this property is $148,141.
What are key features of this property?
This property features: Duplex with 1,856 square feet; Renovated in 2018; New electrical service and plumbing
