Renovated
816 N church, Jonesboro, AR 72401
For Sale
$148,141
Multi-Family, Jonesboro, AR
Property Size1,856 SF
Price / SF$79.82
Days on Market111
Property Features for 816 N church
General Information
Property type
Property subtype
Subdivision
Directions
Standard status
Size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Number of units
Listing Agency:
Coldwell Banker Village Communities
(870) 935-7800
Listed By:
Marshall Ghant · License #00050432
(870) 919-0050
Added: Jul 22
Changed: Sep 3
Last Checked: Nov 9 at 5:06AM
MLS# 26032053
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. 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 duplex contains 1,856 square feet and was built in 1980. The property underwent a full renovation in 2018, including replacement of electrical service, plumbing, fixtures, and furnishings. It is currently occupied and carries R3 zoning.
The property is located at 816 N Church in Jonesboro, Arkansas, within ZIP Code 72401. Its two-unit configuration, recent renovation history, existing occupancy, and residential zoning provide a clear overview for purchasers evaluating a small multifamily asset.
The property is located at 816 N Church in Jonesboro, Arkansas, within ZIP Code 72401. Its two-unit configuration, recent renovation history, existing occupancy, and residential zoning provide a clear overview for purchasers evaluating a small multifamily asset.
Key Highlights
- Duplex with 1,856 square feet
- Renovated in 2018
- Electrical service, plumbing, fixtures, and furnishings updated
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 property with 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; Electrical service, plumbing, fixtures, and furnishings updated
