The Vue on Sybel & Russell

324 Russell Dr, Jonesboro, AR 72401

Property Information

  • For Sale $420,000
  • Property Type Multi-Family
  • Property Size 5,950 SF
  • Units 7
  • Lot Size 0.37 Acre
  • Year Built 1978
  • Year Renovated 2022
  • Date Updated Apr 27, 2026

Description

The Jonesboro MSA serves as the economic and population center of Northeast Arkansas, supported by a diverse and resilient employment base anchored by healthcare, education, manufacturing, and logistics. Major institutions such as St. Bernards Healthcare, Arkansas State University, and a strong regional manufacturing presence provide stable job growth and consistent housing demand. Jonesboro benefits from a central location within the region, offering convenient access to Memphis and other key Mid-South markets via U.S. Highways 63 and 49. Continued population growth, a rising renter base, and ongoing public and private investment have positioned the MSA as one of Arkansas’s most attractive secondary markets for multifamily investment. The Vue on Sybel & Russell Apartments is strategically located within an established residential corridor of Jonesboro, offering direct access to the city’s primary employment centers, retail destinations, and daily necessities. Situated near major thoroughfares, the property provides convenient connectivity to downtown Jonesboro, Arkansas State University, and the St. Bernards medical campus. The surrounding area features a mix of neighborhood retail, dining, and services, enhancing livability and long-term tenant appeal. This infill location combines accessibility, stability, and proximity to key demand drivers, making it well positioned to benefit from continued growth within the Jonesboro market.The Vue on Sybel & Russell Apartments is a 7-unit, 5,950-square-foot multifamily community located within an established residential area of Jonesboro, Arkansas. The property benefits from proximity to key employment drivers, retail corridors, and essential services, supporting consistent rental demand. This stabilized, income-producing asset presents a compelling opportunity for investors seeking scale-appropriate exposure in a growing secondary market. With a manageable unit count and clear operational upside, The Vue on Sybel & Russell offers an attractive acquisition for both local and regional multifamily investors.

Highlights

  • 5,950 Rentable SF across 7 Units in 2 adjacent Apartment Buildings
  • By securing an asset that has already undergone significant capital improvements, we mitigate immediate execution risk while positioning the property to capture "Class B+" rents at a "Class C" acquisition basis.
  • Renovated in 2022, with room to add additional value through further upgrades.
  • Stabilized, cash-flowing asset with historically exceptional occupancy.

Contacts

Mason McCrary

SVN | AVAT Realty

Location

Located at 324 Russell Dr, Jonesboro, AR 72401, this property is part of the Jonesboro neighborhood.

Contact Listing Broker
Mason McCrary

SVN | AVAT Realty

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