Renovated
New
For Sale
$148,141
816 N Church Street, Jonesboro, AR 72401
MULTI_FAMILY - Jonesboro, AR
Property Size1,856 SF
Lot Size0.15 Acres
Price / SF$79.82
Days on Market5
Property Features for 816 N Church Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Bedrooms
6
Rooms
Bedroom 3, Bedroom 5, Bedroom 6, Bedroom 2, Bedroom 4, Bedroom 1
Subdivision
Hayes
Elementary school
Jonesboro Magnet
High school
Jonesboro High School
Standard status
Active
APN
0114407408100
Size
1,856 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Description
HAYES SECOND ADDITION LOT 1 & N 19' Lot 2
Legal Description
HAYES SECOND ADDITION LOT 1 & N 19' Lot 2
Utilities
Heating system
Central
Building Details
Floors in Building
1
Number of units
2
Listing Agency:
Coldwell Banker Village Communities Inc · Coldwell Banker Real Estate
(870) 935-7800
Listed By:
Marshall Ghant · License #00050432
(870) 935-7800
Added: Aug 5
Last Checked: Aug 9 at 12:06PM
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.
Investment Insights
Based on property information with market context.
This duplex contains 1,856 square feet and occupies a 0.1515-acre lot. The property underwent a full renovation in 2018, including replacement of the electrical service, plumbing, fixtures, and furnishings. Central heating serves the building, which is currently occupied.
The property is located at 816 N Church Street in Jonesboro, Arkansas, within the 72401 ZIP Code. R3 zoning is in place, providing a defined residential land-use designation for the asset.
The property is located at 816 N Church Street in Jonesboro, Arkansas, within the 72401 ZIP Code. R3 zoning is in place, providing a defined residential land-use designation for the asset.
Key Highlights
- Duplex totaling 1,856 square feet
- 0.1515‑acre lot
- Full renovation completed in 2018
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
214
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 - Occupied duplex with updated building systems, furnishings, and R3 zoning.
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 totaling 1,856 square feet; 0.1515‑acre lot; Full renovation completed in 2018
