226 Union St #1-11, Jonesboro, AR 72401

Jonesboro
Local realty services provided by:ERA TEAM Real Estate
226 Union St #1-11,Jonesboro, AR 72401
$2,650,000
  • - Beds
  • - Baths
  • 8,000 sq. ft.
  • Multi-family
  • Active
Listed by: bill pressly
Office: arnold group real estate
MLS#:26012399
Source:AR_CARMLS

Price summary

  • Price:$2,650,000
  • Price per sq. ft.:$331.25

About this home

Exceptional multi-family investment opportunity located in the Downtown Jonesboro Entertainment District. This fully occupied property features 11 loft-style residential units and 8 gated parking spaces, generating over $200,000 in gross annual income with potential for increased revenue. The property offers a unique loft living experience within the historic Massinelli's Dry Cleaning Building, combining character with modern amenities. Features include secure gated access, fire sprinkler system, tankless water heaters, and a rooftop patio for tenant only use. Situated in a strong rental market (approximately 52% renter-occupied), this asset provides immediate cash flow and long-term investment stability. One of the few downtown properties offering both loft-style units and dedicated gated parking. Nine 2 bed, 2 bath and Two 1 bed, 1 bath. Perfect for a 1031 Exchange. Financials and additional property details available upon request.

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Home facts

  • Year built:2015
  • Listing ID #:26012399
  • Added:91 day(s) ago
  • Updated:July 02, 2026 at 02:27 PM

Rooms and interior

  • Flooring:Luxury Vinyl, Vinyl
  • Living area:8,000 sq. ft.

Heating and cooling

  • Cooling:Central Cool-Electric
  • Heating:Central Heat-Electric

Structure and exterior

  • Roof:Flat
  • Year built:2015
  • Building area:8,000 sq. ft.
  • Lot area:0.22 Acres
  • Construction Materials:Brick
  • Foundation Description:Slab
  • Levels:2 Stories

Utilities

  • Water:Hot Water Heater-Gas

Finances and disclosures

  • Price:$2,650,000
  • Price per sq. ft.:$331.25
  • Tax amount:$5,670 (2024)

Features and amenities

  • Laundry features:Dryer-Stays, Washer-Stays
  • Amenities:Security, Smoke Detector, TV-Cable

Parking

  • Parking description:Auto Door Opener, Carport

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