For sale

$375,000

405 Melrose St, Jonesboro, AR 72401

--beds

0baths

6,716sqft

$2,594/mo

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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.

168 days
34
2

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

$864/mo

Price history

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

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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.

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Climate risks

Neighborhood: University

Getting around

25 / 100

Car-Dependent

35 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

7/10
International Studies Magnet
Grades: 1-6Distance: 1.5 mi
5/10
Douglas Macarthur Junior High School
Grades: 7-9Distance: 1.7 mi
4/10
The Academies at Jonesboro High School
Grades: 7,9-12Distance: 2.1 mi

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.