$3,650,000

1805 Covey Dr Jonesboro, AR 72404

Estimated payment $20,562/month

Total Views 802
-- Bed
-- Bath
2,418 Sq Ft
$1,510 Price per Sq Ft

About This Home

Investor Special!!!This package includes 18 Single Family Homes, plus 1 Duplex Buildings ( 2 doors) total of 19 units/doors.. The annual rents from these properties are as follows: Annual Rents $303,960.00 7% cap rate with Annual Taxes and Insurance totaling $49,680.00. Descriptions of properties is as follows: 202 CR 418 $1,395.00 3/2 - 1430 sq. ft Monthly Lease. 186 CR 418 $1,395.00 3/2 - 1445 sq. ft Monthly Lease. 124 CR 416 $1,595.00 3/2 - 1431 sq. ft 6/30/2026 Lease Term. 1308 Rosemond $1,295.00 3/2 - 1905 sq. ft 02/28/2026 Lease Term. 1711 Rosemond $995.00 3/1 - 1014 sq. ft 5/31/2026 Lease Ter,. 3317 Dayton Ave $725.00 3/1 - 988 sq. ft Monthly Lease. 1425 Angelus $830.00 2/1 - 762 sq. ft 4/30/2027 Lease Term. 1515 Kitchen $1,050.00 3/2 - 1700 sq. ft Monthly Lease . 154 CR 416 $1,395.00 4/2 - 1524 sq. ft Monthly Lease . 1805 Covey $1,800.00 4/2 - 2418 sq. ft 01/31/2027 Lease Term. 189 CR 416 $1,830.00 4/2 - 1483 sq. ft 07/13/2024 Lease Term. 218 CR 416 $1,555.00 3/2 - 1454 sq. ft 10/31/2025 Lease Term. 233 CR 416 $1,595.00 4/2 - 1513 sq. ft 12/31/2025 Lease Term. 2413 Glenn Place $1,295.00 4/2 - 1920 sq. ft 1/31/2026 Lease Term. 313 Holmes 1 $750.00 2/2 - 1058 sq. ft Monthly Lease. 313 Holmes 2 $795.00 2/2 - 1058 sq. ft 7/31/2025 Lease Term. 3308 Derby $1,250.00 4/2 1848 sq. ft 02/28/2026 Lease Term. 3309 Dayton $1,095.00 3/1 - 1180 sq. ft Monthly Lease. 3313 Dayton $895.00 3/1.5 - 1150 sq. ft 03/31/2026 Lease Term. 3321 Preakness $1,795.00 4/2 - 1839 sq. ft 6/16/2026 Lease Term.

Listing Agent

Eric Burch

BURCH & CO License #00061260 Listed on: 07/14/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,140

Interior Spaces

  • 2,418 Sq Ft Home
  • 1-Story Property

Schools

  • Jonesboro Magnet Elementary School
  • Annie Camp Middle School
  • Jonesboro High School

Additional Features

  • 0.34 Acre Lot
  • Central Heating

Community Details

  • 19 Units

Listing and Financial Details

  • Assessor Parcel Number 01-143253-11400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,140

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Property Sub Type: Home W/ Rental Units
  • Builder Owned: No
  • Legal Description: QUAIL HOLLOW ADD PT SW SW 25-1
  • Levels: One Level
  • Special Features: None
  • Stories: 0

Interior Features

  • Price Per Square Foot: 1509.51
  • Square Footage: 2418.0

Exterior Features

  • Flood Zone: Unknown

Utilities

  • Heat Features: Central

Condo/Co-op/Association

  • Association: nearkansas

Schools

  • Elementary School: Jonesboro Magnet
  • Middle School: Annie Camp
  • High School: Jonesboro High School

Lot Info

  • Acres: 0.3444
  • Lot Measurement: Acres
  • Lot Size Sq Ft: 15002.00
  • Price Per Acre: 10598141.70

Tax Info

  • Taxes: 4140.00
  • Assessor Parcel Number: 01-143253-11400

Multi Family

  • Number Of Units: 19

MLS Schools

  • Elementary School: Jonesboro Magnet
  • HighSchool: Jonesboro High School
  • Jr High School: Annie Camp

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,801 $42,666 $5,700 $36,966
2023 $1,758 $42,666 $5,700 $36,966
2022 $1,630 $42,666 $5,700 $36,966
2021 $1,518 $35,960 $5,700 $30,260
2020 $1,518 $35,960 $5,700 $30,260
2019 $1,518 $35,960 $5,700 $30,260
2018 $1,518 $35,960 $5,700 $30,260
2017 $1,486 $35,960 $5,700 $30,260
2016 $1,351 $32,010 $4,000 $28,010
2015 $1,351 $30,260 $4,000 $26,260
2014 $1,277 $27,780 $4,000 $23,780
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2025 07/23/25 For Sale $3,650,000 +2254.8% --
10/29/2014 10/29/14 Sold $155,000 -- $59 / Sq Ft
08/28/2014 08/28/14 Pending -- -- --
Source: Northeast Arkansas Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $155,000 --
Warranty Deed $155,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $131,750 New Conventional
Previous Owner $125,000 New Conventional
Source: Public Records

Similar Home in Jonesboro, AR

  • 208 Lake Dr, Jonesboro, AR 72401

    $3,799,000

    • Studio
    • 1,453 Sq Ft
    • 208 Lake Dr
    • Jonesboro, AR

    Investor Special!!!This package includes 11 Single Family Homes, plus 4 Duplex Buildings (8 Units). So you get 15 Total Properties totaling 19 Units/Doors. The annual rents from these properties are as follows: Annual Rents $312,600 with Annual Taxes and Insurance totaling $49,560 giving you a 7% cap rate. Descriptions of properties is as follows: The single family homes are located at 701 Tawn

    Eric Burch BURCH & CO

    Section Image
See All Homes in Jonesboro

Source: Northeast Arkansas Board of REALTORS®

MLS Number: 10123354

Northeast Arkansas Board of REALTORS®

APN: 01-143253-11400

Arkansas Craighead County Jonesboro 72404

1805 Covey Dr, Jonesboro, AR

This home is located at 1805 Covey Dr, Jonesboro, AR 72404 and is currently priced at $3,650,000, approximately $1,509 per square foot. 1805 Covey Dr is a home located in Craighead County with nearby schools including Annie Camp Junior High School, The Academies at Jonesboro High School, and Concordia Christian Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northeast Arkansas Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Eric Burch
Listing Agent
Eric Burch
Section Image
BURCH & CO
(870) 493-8542