Log In/Sign Up
Your email has been sent.
Stratford Manor Apartments 1906 W Matthews Ave 47 Unit Apartment Building $4,750,000 ($101,064/Unit) 5.29% Cap Rate Jonesboro, AR 72401
Investment Highlights
- Located close to St. Bernards Hospital and RiceLand foods.
Executive Summary
47-Unit Multifamily Investment Opportunity
Value-Add Apartment Community | Jonesboro, Arkansas
Property Overview
47 total apartment units
Interior renovations completed ~4 years ago
Exterior needs cosmetic updating (paint, landscaping, signage) — ideal for value-add investor
Strong unit mix (1 & 2-bedroom configurations; detailed rent roll available upon request)
Professionally maintained interior systems with modern finishes
Prime Location
Situated in Jonesboro, AR, a regional employment and education hub anchored by Arkansas State University and local industries
Growing population with steady rental demand
Proximity to shopping, dining, healthcare, and major transportation corridors
Market Strengths
Jonesboro’s housing and rental market continue to show long-term demand; median rents in the area are in line with regional trends, and housing prices reflect sustained economic activity.
Multifamily assets in the Jonesboro area have seen strong investor interest — larger multifamily transactions have closed in the market recently, signaling confidence from institutional and private capital.
Investment Highlights
Cash flow from day one with potential rent increases following exterior improvements
Exterior renovation/upgrades can significantly improve curb appeal and asset valuation
Value-add strategy geared toward achieving higher rents and improved NOI
Perfect for 1031 exchange buyers, private equity groups, or multifamily portfolio diversifiers
Financials
Available upon request:
Detailed rent roll
Operating income and expense statements
Pro forma cap rate with exterior value-add projections
?? Contact William Gay at 870-926-2648 to request full investment package (including financials, site plan, leasing status, and specialty lender referrals).
Value-Add Apartment Community | Jonesboro, Arkansas
Property Overview
47 total apartment units
Interior renovations completed ~4 years ago
Exterior needs cosmetic updating (paint, landscaping, signage) — ideal for value-add investor
Strong unit mix (1 & 2-bedroom configurations; detailed rent roll available upon request)
Professionally maintained interior systems with modern finishes
Prime Location
Situated in Jonesboro, AR, a regional employment and education hub anchored by Arkansas State University and local industries
Growing population with steady rental demand
Proximity to shopping, dining, healthcare, and major transportation corridors
Market Strengths
Jonesboro’s housing and rental market continue to show long-term demand; median rents in the area are in line with regional trends, and housing prices reflect sustained economic activity.
Multifamily assets in the Jonesboro area have seen strong investor interest — larger multifamily transactions have closed in the market recently, signaling confidence from institutional and private capital.
Investment Highlights
Cash flow from day one with potential rent increases following exterior improvements
Exterior renovation/upgrades can significantly improve curb appeal and asset valuation
Value-add strategy geared toward achieving higher rents and improved NOI
Perfect for 1031 exchange buyers, private equity groups, or multifamily portfolio diversifiers
Financials
Available upon request:
Detailed rent roll
Operating income and expense statements
Pro forma cap rate with exterior value-add projections
?? Contact William Gay at 870-926-2648 to request full investment package (including financials, site plan, leasing status, and specialty lender referrals).
Property Facts
| Price | $4,750,000 | Apartment Style | Garden |
| Price Per Unit | $101,064 | Building Class | C |
| Sale Type | Investment | Lot Size | 3.53 AC |
| Cap Rate | 5.29% | Building Size | 42,580 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 96% |
| No. Units | 47 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1977/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.57/1,000 SF |
| Zoning | R-2 - R-2 | ||
| Price | $4,750,000 |
| Price Per Unit | $101,064 |
| Sale Type | Investment |
| Cap Rate | 5.29% |
| Sale Condition | 1031 Exchange |
| No. Units | 47 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.53 AC |
| Building Size | 42,580 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built/Renovated | 1977/2022 |
| Parking Ratio | 1.57/1,000 SF |
| Zoning | R-2 - R-2 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Washer/Dryer Hookup
- Heating
- Security System
- Ceiling Fans
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Tub/Shower
- Lawn
- Vinyl Flooring
Site Amenities
- Courtyard
- Property Manager on Site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 11 | - | 668 |
| 2+2 | 30 | - | 800 |
| 3+2 | 7 | - | 1,120 |
1 1
Property Taxes
| Parcel Number | 01-143144-05000 | Improvements Assessment | $600,954 |
| Land Assessment | $30,753 | Total Assessment | $631,707 |
Property Taxes
Parcel Number
01-143144-05000
Land Assessment
$30,753
Improvements Assessment
$600,954
Total Assessment
$631,707
1 of 109
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Stratford Manor Apartments | 1906 W Matthews Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.