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$3,650,000

1805 Covey Dr Jonesboro, AR 72404

2,418 sqft
0.3 acres
$1,510 / sqft
Multi-Family

Property details

About 1805 Covey Dr

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.

Highlights

Home typeMulti Family
HeatingCentral
StatusActive
Size2,418 sqft
Lot size0.3444 Acres
MLS #10123354

Summary

  • Heating: Central
  • List Price: $3,650,000
  • Price/SqFt: $1,509
  • Annual Tax Amount: $1,800
  • Tax Year: 2024
  • Living Area: 2,418 SqFt
  • Lot Size: 0.3444 Acres
  • MLS Number: 10123354
  • MLS Name: Jonesboro
  • Office Name: Burch & Co. Real Estate
  • Listing Agent: Eric Burch

Copyright © 2025 Northeast Arkansas Board of Realtors MLS 2025. All rights reserved.
Broker Reciprocity Broker Reciprocity is the current compilation of active listings of all Broker Reciprocity subscribers except those listings where the seller has opted out of internet publication by so indicating on the listing contract or by written notice to the Multiple Listing Service. Information is provided by the Northeast Arkansas Board of REALTORS® MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. Any use of search facilities of data on the site, other than by consumer looking to purchase real estate is prohibited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/16/2025, 10:45:40 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty Tax
2024$42,666$1,800
2023$42,666$1,800
2022$42,666$1,669
2021$35,960$1,517
2020$35,960$1,517
2019$35,960$1,517
2018$35,960$1,485

History based on county public records data.

Nearby schools

4

Health, Wellness and Environmental Studies Magnet School

Public Magnet 1-6

1.3 mi

1001 Rosemond Ave

8

Valley View Intermediate School

Public District 3-6

2.2 mi

2119 Valley View Dr

4

MicroSociety Magnet School

Public Magnet 1-6

2.3 mi

1110 W Washington Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $118,486. Most Jonesboro, AR residents have annual incomes between $35k-100k. Typical family type is married, no kids. The most common level of education of people living in this area is post secondary degree.

How much money do the neighbors make?

4%
<35k
38%
35k-100k
35%
100k-200k
23%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

13%
Single, No Kids
4%
Single, with Kids
54%
Married, No Kids
29%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

13%
<11 yrs old
9%
12-17 yrs old
14%
18-34 yrs old
49%
35-64 yrs old
15%
65+ yrs old

What do the neighbors do for fun?

  • Skiing/snowboardingSkiing/snowboarding
  • PGA/LPGAPGA/LPGA
  • College FootballCollege Football

Where do the neighbors shop?

  • BJs Wholesale ClubBJs Wholesale Club
  • Stein MartStein Mart
  • Best BuyBest Buy

Where do the neighbors go to eat?

  • PaneraPanera
  • Cracker BarrelCracker Barrel
  • Bob EvansBob Evans

What do the neighbors drive?

  • InfinitiInfiniti
  • LexusLexus
  • LincolnLincoln

What do the neighbors listen to?

  • Adult HitsAdult Hits
  • OldiesOldies
  • News/Talk/InformationNews/Talk/Information
All data provided by Home Junction and Claritas

Frequently asked questions

Living in Jonesboro, AR

Transportation in Jonesboro includes a network of roads and highways that facilitate travel and commuting within the city and to neighboring areas. Public transit options are available, providing residents with alternatives to private vehicle use. The community is also making strides in enhancing walkability and bikeability, with certain areas being more pedestrian-friendly. While ride-sharing services are present, they complement the existing transportation infrastructure, offering additional mobility solutions for residents and visitors.

Jonesboro offers a comprehensive array of services to its residents. The educational system includes multiple public schools at the elementary, middle, and high school levels, as well as private educational institutions. Healthcare is well-represented with several hospitals and clinics providing a range of services from primary care to specialized treatments. The city also features a public library system and a variety of retail and dining options that showcase local flavors and culture. City initiatives are in place to continually improve services to meet the evolving needs of the community.

Jonesboro is celebrated for its community spirit and cultural events that reflect the city's rich heritage. The area prides itself on a family-friendly atmosphere, with numerous parks and recreational facilities contributing to the quality of life. Annual festivals and local traditions are a testament to the city's vibrant community engagement and collective values.

The housing landscape in Jonesboro is diverse, with single-family homes being a significant part of the market. A variety of architectural styles are present, from contemporary to ranch-style homes. The market also includes a selection of apartments and townhouses, accommodating different preferences and needs. The majority of homes were constructed in the latter half of the 20th century, with a surge in development during the 1990s. The homeownership rate in Jonesboro is robust, with a substantial portion of residents owning their homes.

About 1805 Covey Dr

The listing price of 1805 Covey Dr property is $3,650,000.

The property 1805 Covey Dr is a multi located in Jonesboro, Arkansas, 72404.

Active Listing: 1805 Covey Dr is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 1805 Covey Dr are: Health, Wellness and Environmental Studies Magnet School (GreatSchools Rating 4/10), Valley View Intermediate School (GreatSchools Rating 8/10), MicroSociety Magnet School (GreatSchools Rating 4/10), Valley View Junior High School (GreatSchools Rating 8/10), Nettleton Junior High School (GreatSchools Rating 5/10), Westside Middle School (GreatSchools Rating 7/10), Annie Camp Jr High School (GreatSchools Rating 3/10), Douglas MacArthur Junior High School (GreatSchools Rating 4/10), Valley View High School (GreatSchools Rating 7/10).

According to the records, the last property tax for 2024 is $1,800 (source: MLS/based on county public records data).

The property 1805 Covey Dr is 2,418 SqFt (source: MLS/tax record).

This home is located at 1805 Covey Dr in Jonesboro, AR and zip code 72404. This 2,418 square foot home sits on a 0.34 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since July 14, 2025 and is currently priced at $3,650,000.

In June 2025, from all listings sold in Jonesboro, AR there were more than 17 sold above asking price, over 64 sold below and more than 37 were sold right at the asked price. In June 2025 in Jonesboro, AR there were 19.9% more homes for sale than in May.

From Rocket Homes Real Estate and based on county public records data.

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