Renovated Duplex with
For Sale
$148,141
816 N church, 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 Market93
Property Features for 816 N church
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
Amenities
Other (see remarks)
Building Details
Building Size
1,856 SF
Year Built
1980
Year Renovated
2018
Listing Agency:
Coldwell Banker Village Communities Inc
Listed By:
Marshall Ghant · License #00050432
(870) 919-0050
Source:
Evrealestate
Added: Jul 22
Changed: Oct 20
Last Checked: Oct 20 at 9:06PM
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
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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 / Yr
$12,258
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
182
Businesses Nearby
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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?
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 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
