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Ryan Stephens

ryan.stephens@engelvoelkers.com +1(501) 551-2430

$ 2,650,000

Est. payment -/mo

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Active

226 Union St #1-11 Jonesboro, AR 72401

8,000 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Apartments

Listing Status Active

Purchase Type For Sale

Square Footage 8,000 sqft

Price per Sqft $331

Subdivision City Of Jonesboro

MLS Listing ID 26012399

Style Other (see remarks)

Year Built 2015

Annual Tax Amount $5,670

Tax Year 2024

Lot Size 9,583 Sqft

Acres 0.22

Property Sub-Type Apartments

Property Description

Exceptional Multi-Family Investment Opportunity – Downtown Jonesboro. Rare opportunity to acquire a fully occupied, income-producing multi-family property in the heart of the Downtown Jonesboro Entertainment District. This historic property features 11 loft-style residential units and 8 gated parking spaces, generating over $200,000 in gross annual income, with opportunities to further increase revenue. The property blends historic character with modern conveniences. Residents enjoy secure gated access, a fire sprinkler system, tankless water heaters, and an exclusive rooftop patio with panoramic downtown views. Jonesboro's rental market remains strong, with approximately 52% renter occupancy, making this an attractive, stable investment with immediate cash flow and long-term appreciation potential. Properties offering authentic loft-style living with dedicated gated parking are exceptionally rare in the downtown market. An outstanding opportunity for investors seeking a high-quality asset or those completing a 1031 Exchange. Financial statements, rent roll, and additional property information are available upon request.

Location

State AR

County Craighead

Area Jonesboro E

Zoning Multi Use

Rooms

Kitchen Free-Standing Stove, Microwave, Dishwasher, Disposal, Pantry, Refrigerator-Stays

Interior

Interior Features Washer-Stays, Dryer-Stays, Hot Water Heater-Gas, Smoke Detector

Heating Central Cool-Electric, Central Heat-Electric

Flooring Luxury Vinyl, Vinyl

Equipment Free-Standing Stove, Microwave, Dishwasher, Disposal, Pantry, Refrigerator-Stays

Exterior

Exterior Feature Fully Fenced

Parking Features Auto Door Opener, Carport

Utilities Available Electric-Municipal, Gas-Natural, TV-Cable

Roof Type Flat

Building

Lot Description Other (see remarks)

Foundation Slab

New Construction No

Listed by Arnold Group Real Estate • Bill Pressly

NEARBY SCHOOLS & PROPERTIES

Ryan Stephens

Advisor | Associate Broker | License ID: AB00085905

+1(501) 551-2430

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