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

> **TL;DR:** multi-family, $2,650,000 ($331/sqft), built 2015, 8,000 sqft. Est. $11,483/mo. Listed 61 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $2,650,000 |
| Price/sqft | $331 |
| Square Feet | 8,000 |
| Year Built | 2015 |
| Lot Size | 9,583 sqft (0.22 acres) |
| Stories | 2 |
| Property Type | Multi-Family (Apartment) |
| Status | For Sale |
| Days on Market | 61 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $11,483 |
| **Total** | **$11,483** |

## Property Highlights

- Built in 2015
- 0.22 acre lot
- 2 stories

## Description

### Agent Description
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.

## Location

- **Address:** 226 Union St #1-11, Jonesboro, AR 72401
- **County:** Craighead
- **Neighborhood:** City of Jonesboro
- **Coordinates:** 35.841082, -90.705484
- **Google Maps:** https://www.google.com/maps?q=35.841082,-90.705484

## Listing Agent

- **Name:** Bill Pressly
- **Brokerage:** Arnold Group Real Estate
- **Phone:** 8709193990
- **Email:** bill@kentarnold.com

## Primary Photo

![226 Union St #1-11 - Primary Photo](http://lh.rdcpix.com/d692898c08b3dde7b2565a00b94eed02l-f4054844037r.jpg)

*47 total photos available on [listing page](https://www.propertysimple.com/listing/226-union-st-1-11-jonesboro-ar-72401-26012399)*

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**MLS#:** 26012399 | **Updated:** 2026-06-18
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/226-union-st-1-11-jonesboro-ar-72401-26012399)

---

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