$3,799,000

208 Lake Dr Jonesboro, AR 72401

Estimated payment $21,386/month

Total Views 552
-- Bed
-- Bath
1,453 Sq Ft
$2,615 Price per Sq Ft

About This Home

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 $1,150.00 3/2 - 1204 sq. ft 10/31/2025 Lease Term.3409 Derby $1,845.00 4/2 1755 sq. ft 3/31/2026 Lease Term. 3615 Old Dornick $1,940.00 3/2 - 2000 sq. ft 02/28/2026. 3816 Hill $1,795.00 4/2 - 1400 sq. ft 09/30/2025.3313 Oaklawn $1,895.00 4/2 - 1943 sq. ft Monthly Lease.6857 Hwy 141 $1,000.00 4/2 - 1900 sq. ft Monthly Lease. 208 Lake Drive $1,615.00 4/2 - 1500 sq. ft 02/21/2026 Lease Term. 210 Lake Drive $1,500.00 4/2 - 1500 sq. ft 07/31/2025 Lease Term. 212 Lake Drive $1,595.00 3/2 - 1500 sq. ft 01/31/2026 Lease Term. 3211 Kingsbury $1,025.00 3/1 - 1026 sq. ft 12/31/2025 Lease Term. 3301 Kingsbury $795.00 3/1 - 1026 sq. ft Monthly Term. 4409 Fox Meadow $1,450.00 3/2 - 1260 sq. ft 12/31/2025 Lease Term. 2519 Forest Home 9B $795.00 2/2 - 893 sq. ft Vacant. 2519 Forest Home 1A $625.00 2/2 - 893 sq. ft Monthly Term. 410 W Matthews A $1,195.00 2/2 - 1000 sq. ft Vacant Rented. 410 W Matthews B $1,195.00 2/2 - 1000 sq. ft.02/28/2026 406 W Matthews A $1,050.00 2/1.5 - 1100 sq. ft. Monthly Term. 406 W Matthews B $1,385.00 2/1.5 - 1100 sq. ft. Monthly Term. 406 W Matthews C $1,050.00 2/1.5 - 1100 sq. ft. Monthly Term 406 W Matthews D $1,150.00 2/1.5 - 1100 sq. ft. Monthly Term.

Listing Agent

Eric Burch

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

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,130

Interior Spaces

  • 1,453 Sq Ft Home
  • 1-Story Property

Schools

  • Jonesboro Magnet Elementary School
  • Nettleton Middle School
  • Nettleton High School

Additional Features

  • 8,712 Sq Ft Lot
  • Central Heating

Community Details

  • 20 Units

Listing and Financial Details

  • Assessor Parcel Number 01-144152-08000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,130

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Property Sub Type: Home W/ Rental Units
  • Builder Owned: No
  • Legal Description: LAKE DRIVE REPLAT OF LOTS 1-4
  • Levels: One Level
  • Special Features: None
  • Stories: 0

Interior Features

  • Price Per Square Foot: 2614.59
  • Square Footage: 1453.0

Exterior Features

  • Flood Zone: Unknown

Utilities

  • Heat Features: Central
  • Electric Features: CW&L
  • Sewer Septic: City Sewer
  • Water Supply: City

Condo/Co-op/Association

  • Association: nearkansas

Schools

  • Elementary School: Jonesboro Magnet
  • Middle School: Nettleton
  • High School: Nettleton

Lot Info

  • Acres: 0.2000
  • Lot Measurement: Acres
  • Lot Size Sq Ft: 8712.00
  • Price Per Acre: 18995000.00

Tax Info

  • Taxes: 4130.00
  • Assessor Parcel Number: 01-144152-08000

Multi Family

  • Number Of Units: 20

MLS Schools

  • Elementary School: Jonesboro Magnet
  • HighSchool: Nettleton
  • Jr High School: Nettleton

Map

Range of Values:

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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 $1,596 $33,222 $3,500 $29,722
2023 $1,542 $33,222 $3,500 $29,722
2022 $1,414 $33,222 $3,500 $29,722
2021 $1,323 $27,540 $3,200 $24,340
2020 $1,323 $27,540 $3,200 $24,340
2019 $1,323 $27,540 $3,200 $24,340
2018 $1,323 $27,540 $3,200 $24,340
2017 $154 $3,200 $3,200 $0
2016 $154 $3,200 $3,200 $0
2015 $150 $3,200 $3,200 $0
2014 $127 $3,200 $3,200 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2025 07/23/25 For Sale $3,799,000 +2275.9% $7,583 / Sq Ft
06/30/2017 06/30/17 Sold $159,900 -- $107 / Sq Ft
06/28/2017 06/28/17 Pending -- -- --
Source: Northeast Arkansas Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $10,000 --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $113,910 Commercial
Source: Public Records

Similar Home in Jonesboro, AR

  • 1805 Covey Dr, Jonesboro, AR 72404

    $3,650,000

    • Studio
    • 2,418 Sq Ft
    • 1805 Covey Dr
    • Jonesboro, AR

    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

    Eric Burch BURCH & CO

    Section Image
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Source: Northeast Arkansas Board of REALTORS®

MLS Number: 10123353

Northeast Arkansas Board of REALTORS®

APN: 01-144152-08000

Arkansas Craighead County Jonesboro 72401

208 Lake Dr, Jonesboro, AR

This home is located at 208 Lake Dr, Jonesboro, AR 72401 and is currently priced at $3,799,000, approximately $2,614 per square foot. 208 Lake Dr is a home located in Craighead County with nearby schools including Nettleton High School, Montessori School of Jonesboro, and Blessed Sacrament School.

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.

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Eric Burch
Listing Agent
Eric Burch
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BURCH & CO
(870) 359-6349