Brick Apartment
908 Warner, Jonesboro, AR 72401
For Sale
$750,000
Multi-Family, Jonesboro, AR
Property Size4,193 SF
Price / SF$178.87
Days on Market95
Property Features for 908 Warner
General Information
Property type
Property subtype
Bedrooms
Rooms
Exterior features
Elementary school
High school
Subdivision
Standard status
APN
Size
Taxes and HOA fees
Tax Description
Legal Description
Building Details
Floors in Building
Number of units
Listing Agency:
Century 21 Portfolio · Century 21 Real Estate
Listed By:
Chris Collinsworth
(870) 933-0026
Added: Aug 13
Changed: Oct 26
Last Checked: Nov 15 at 1:06AM
MLS# 10131677
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.
This apartment property contains 11 units within 4,193 square feet and features brick exterior construction with all-electric utilities. Several units are in the early phases of remodeling, creating an active renovation component for a future owner to complete.
The property is situated in Jonesboro’s West End Community. Its utility setup and multifamily configuration support centralized property management, while the ongoing improvements provide a defined scope of work for continued refurbishment. The asset is located in Jonesboro, Arkansas, with access to employment centers, shopping, and local amenities noted in the surrounding area.
The property is situated in Jonesboro’s West End Community. Its utility setup and multifamily configuration support centralized property management, while the ongoing improvements provide a defined scope of work for continued refurbishment. The asset is located in Jonesboro, Arkansas, with access to employment centers, shopping, and local amenities noted in the surrounding area.
Key Highlights
- 11‑unit apartment property
- 4,193 square feet of multifamily space
- All‑electric utility configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,152
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$503,040
$503.0K
Cap Rate 7%
$359,314
$359.3K
Cap Rate 9%
$279,467
$279.5K
Market Conditions
NOI Build-Up for 4,193 SF
Gross rent
$48.8K $11.64/SF
− Vacancy
−$3.1K −$0.73/SF
EGI
$45.7K $10.91/SF
− OpEx
−$20.6K −$4.91/SF
NOI
$25.2K $6.00/SF
Area
Craighead County, AR
Vacancy
6.30%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$503,040
Cap Rate 7%
$359,314
Cap Rate 9%
$279,467
Alternative Uses
Best Use
Apartment 5plus
$359.3K
$314.4K – $419.2K
NOI $25,152 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$734.1K
$642.3K – $856.4K
NOI $51,386 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
11
Residential units
Location Intelligence
Trade Area within ½ mile
516
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
$185,400
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Jonesboro, AR
Properties on Market for Apartment buildings in Jonesboro
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - All-electric multifamily property with multiple units undergoing renovation in Jonesboro’s West End Community.
Where is this apartment building located?
The property is located at 908 Warner Jonesboro, AR.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 11‑unit apartment property; 4,193 square feet of multifamily space; All‑electric utility configuration
