405 Melrose Street Jonesboro, AR $ 399,900
405 Melrose Street
$ 399,900
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405 Melrose Street

Jonesboro, AR, 72401
$ 399,900
Bedrooms16 Baths0.0 Sq 6,716

Monthly Estimate*

$ 2,462

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Multi-Family Home for sale in Jonesboro, AR

for $399,900 with 16 bedrooms. This 6,716 square foot home was built on a lot size of 0.44.

Welcome to the Multifamily Market 1900 Cedar Heights Dr and 405 Melrose St of the Cedar Heights 1st Addition in Jonesboro, Arkansas, within the Jonesboro School District. Opportunity Knocks! This prime piece of rental property offers 2 fourplexes totaling 8 income-producing units. The exteriors are wrapped in brick and vinyl, topped with 3-tab shingles, and accented by a parking lot, mature shade trees, and a small patio at each unit. The interior of each unit includes 2 bedrooms, 1.5 bathrooms, a living room and kitchen, and washer and dryer hookups. Each unit contains a refrigerator and stove and tenants pay electric. Occupied units are rented at $650 per month. Conveniently located near Arkansas State University and local retail and dining establishments. Call today to schedule your tour and make an investment in tomorrow.

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Multi-Family Active

Price

$ 399,900

Bedrooms

16

Property Type

Multi-Family

Taxes

$ 1,620

Style

Lot Size

0.44

Town/City

Jonesboro

County/Region

Craighead

MLS | Web ID

10129132

Features
Interior
Interior Features Ceiling Fan(s) Climate Control
Flooring Ceramic Vinyl
# of 2 Bedroom Units 8
# of 1 Bedroom Units 0
# of 3 Bedroom Units 0
Half Baths 0
3/4 Baths 0
Total Bedrooms 0
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Exterior
Lot Description Level
Parking Features Paved
Exterior Amenities Patio Paved Streets
Lot Size Acres 0.4400
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General
Sewer City Sewer
Heating Central
Cooling Central Air Electric
Possession At Closing
Roof 3-Tab Shingles
Flood Zone No
Zoning R-1
Garage Spaces 0.0
Architectural Style Other/See Remarks
Construction Materials Brick Vinyl Siding
Year Built 0
Water Supply City
Electric CW&L
Subdivision Cedar Heights
Stories Count 0
Number of Units 8
Levels Two Story
Age 0
Property Subtype Apartments
Parcel Number 01-144171-07700
Auction No
Transaction Type Sale
Tax Year 2025
County Craighead
New Construction 0
Property Type Multi-Family
MaintenanceExpense 0.00
Full Baths 0
Close Price 0.00
Status Active
City Jonesboro
MLS Area B
Lot Size Units Acres
Lot Size Square Feet 19166.00
High School Jonesboro High School
Tax Annual Amount 1620.00
Elementary School Jonesboro Magnet
Availability Date 1800-01-01
Jr High School Annie Camp
Year Built Exception 0
Lease Type Net
Occupancy Type Tenant
Legal Description Lots 18-19 Block B Cedar Heights
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Internal Only
Street Number 1 405
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* Excluded Features
List By
Andrea Andrews

Listing Agent

Compass Rose Realty

Broker

compassroserealtyllc@gmail.com

Email

Affordability Calculator

$2,597
Per Month
95%
5%
0%
Monthly Principal & Interest
$2,462
Monthly Property Taxes
$135
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3432613 Elementary School
3432524 Middle School
Jonesboro High School High School
Pricing History
DatePricePrice ChangeDescription
4/19/2026$399,900 Listed Price

Map


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405 Melrose Street, Jonesboro, AR, 72401 is a Multi-Family Home for sale at $399,900 with 6,716 sqft and a lot size of 0.44. 405 Melrose Street has 16 bedrooms and 0.0 baths. The property's zip code is 72401 which is in Jonesboro, AR