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For sale
    • Price cut: $24.9K (6/25)
    $375,000

    405 Melrose St, Jonesboro, AR 72401

    --beds
    0baths
    6,716sqft
    : 
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    MultiFamily
    Built in ----
    -- sqft lot
    $-- Zestimate®
    $56/sqft
    $-- HOA

    What's special

    Parking lotWasher and dryer hookupsMature shade trees
    Welcome to the Multifamily Market *TWO QUADS* 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.
    89 days
    |
    78
    |
    6
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Andrea Andrews 870-761-7774,

    Compass Rose Realty 870-336-1008

    Source: Northeast Arkansas BOR,MLS#: 10129132

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 0
      Heating
      • Central
      Cooling
      • Central Air, Electric, 2 Bedroom Unit(Central Air)
      Appliances
      • Included: 2 Bedroom Unit(Range, Refrigerator)
      • Laundry: Electric Dryer Hookup, Washer Hookup
      Features
      • Ceiling Fan(s), Climate Control
      • Flooring: Ceramic Tile, Vinyl
      Interior area
      • Total structure area: 6,716
      • Total interior livable area: 6,716 sqft

      Property

      Parking
      • Parking features: Paved
      Features
      • Levels: Two
      • Patio & porch: Patio, 2 Bedroom Unit(Patio)
      Lot
      • Size: 0.44 Acres
      • Features: Level
      Details
      • Parcel number: New, Under Construction or Bundled Only
      • Zoning: R-1

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Other
      Materials
      • Brick, Vinyl Siding
      • Roof: 3-Tab Shingles
      Condition
      • Year built: 0

      Utilities & green energy

      • Electric: CW&L
      • Sewer: City Sewer
      • Water: Public

      Community & HOA

      Community
      • Subdivision: Cedar Heights
      Location
      • Region: Jonesboro

      Financial & listing details

      • Price per square foot: $56/sqft
      • Annual tax amount: $1,620
      • Date on market: 4/19/2026
      • Listing terms: Cash,In House
      • Total actual rent: 650
      • Tenant pays: 2 Bedroom Unit(Tenant Pays Electric, Tenant Pays Heat)
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $980/mo

        Price history

        DateEventPrice
        6/25/2026Price change$375,000-6.2%$56/sqft
        Source: Northeast Arkansas BOR #10129132 Report a problem
        4/19/2026Listed for sale$399,900+60%$60/sqft
        Source: Northeast Arkansas BOR #10129132 Report a problem
        3/3/2026Listing removed$249,900$37/sqft
        Source: Northeast Arkansas BOR #10124623 Report a problem
        10/24/2025Price change$249,900-3.8%$37/sqft
        Source: Northeast Arkansas BOR #10124623 Report a problem
        9/11/2025Listed for sale$259,900-86.1%$39/sqft
        Source: CARMLS #25036471 Report a problem
        4/16/2019Listing removed$1,872,000$279/sqft
        Source: HALSEY THRASHER HARPOLE REAL ESTATE GROUP #10079274 Report a problem
        2/27/2019Listed for sale$1,872,000$279/sqft
        Source: HALSEY THRASHER HARPOLE REAL ESTATE GROUP #10079274 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: University

        Getting around

        25 / 100
        Car-Dependent
        35 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Jonesboro Magnet
        • Middle: Annie Camp
        • High: Jonesboro High School

        Source: Northeast Arkansas BOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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