Renovated
816 N Church Street, Jonesboro, AR 72401
For Sale
$148,141
Multi-Family, Jonesboro, AR
Property Size1,856 SF
Lot Size0.15 Acres
Price / SF$79.82
Days on Market97
Property Features for 816 N Church Street
General Information
Property type
Property subtype
Bedrooms
Rooms
Subdivision
Elementary school
High school
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Heating system
Building Details
Floors in Building
Number of units
Listing Agency:
Coldwell Banker Village Communities Inc · Coldwell Banker Real Estate
Listed By:
Marshall Ghant · License #00050432
(870) 935-7800
Added: Aug 5
Changed: Oct 26
Last Checked: Nov 9 at 5:06AM
MLS# 10131495
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.
Configured as a duplex, this 1,856-square-foot residential property underwent a comprehensive renovation in 2018. The work included new electrical service, plumbing, fixtures, and furnishings. Central heating serves the building, which is currently occupied.
The property is situated at 816 N Church Street in Jonesboro, Arkansas 72401, within Craighead County. The 0.1515-acre parcel is zoned R3, providing the applicable land-use designation for the existing duplex improvements.
The property is situated at 816 N Church Street in Jonesboro, Arkansas 72401, within Craighead County. The 0.1515-acre parcel is zoned R3, providing the applicable land-use designation for the existing duplex improvements.
Key Highlights
- Duplex property measuring 1,856 square feet
- Renovated in 2018 with new electrical service and plumbing
- Updated fixtures and furnishings included
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 residential units feature updated building systems, fixtures, furnishings, and central heating.
Where is this duplex located?
The property is located at 816 N Church Street 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 property measuring 1,856 square feet; Renovated in 2018 with new electrical service and plumbing; Updated fixtures and furnishings included
