New Construction Duplex with
For Sale
$380,000
406 & 408 England Street, Lonoke, AR 72086
MULTI_FAMILY - Lonoke, AR
Property Size2,708 SF
Lot Size0.13 Acres
Price / SF$140.32
Days on Market114
Property Features for 406 & 408 England Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 1, Bathroom 4, Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 5, Bathroom 3, Bathroom 6, Bathroom 2, Bedroom 5, Bathroom 1, Bedroom 6
Patio and Porch features
Porch
Interior features
Washer Connection, Dryer Connection-Electric, Hot Water Heater-Electric, Smoke Detector, Breakfast Bar, Fan - Ceiling, Primary Bedroom with Bath
Exterior features
Guttering, Covered, Porch
Appliances
Free-Standing Stove, Microwave, Electric Range, Dishwasher, Disposal, Ice Maker Connection, Free-Standing Stove, Microwave, Electric Range, Dishwasher, Disposal, Ice Maker Connection
Subdivision
OT Wrights
Lot features
Level, Corner Lot, Cleared
Elementary school
Lonoke
Middle school
Lonoke
High school
Lonoke
Directions
From I-40 take exit 173 for AR-89 towards Lonoke. After a mile, turn L onto W 3rd St after the cemetery. After .7 miles take a L on England Street. Building will be on your Left on the corner of England and 4th Street.
Standard status
Active
Size
2,708 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 1, Block 26
Tax Annual Amount
134
Legal Description
Lot 1, Block 26
Building Details
Year built
2026
Floors in Building
2
Number of units
2
Flooring type
Vinyl
Roof type
Shingle
Architectural style
Other
Listing Agency:
Fathom Realty Central
(888) 455-6040
Listed By:
Miekka Maile
(501) 941-8830
Added: Apr 9
Changed: Jul 30
Last Checked: Jul 31 at 8:06AM
MLS# 26013820
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale duplex features new construction with a brick exterior and a small tan siding facade. Each unit is laid out for shared living, with the downstairs offering a living area plus a full bathroom and bedroom toward the back. Upstairs includes a primary bedroom toward the back with its own bathroom, along with an additional bedroom at the front with its own bath. A laundry area and a small bonus space sit in between the bedrooms, supporting day-to-day convenience. Interior finishes include luxury vinyl flooring throughout, designed to be renter-ready.
The property is located at 406 & 408 England Street in Lonoke, Arkansas 72086, within Lonoke County. The lot size is 0.13 acres, and the total property size is 2,708 square feet. Completion is estimated for the end of July. The seller notes nearby multifamily buildings are also expected to be available for sale soon.
For tenants or owner-occupants looking for a roommate-ready arrangement, the separation of sleeping areas across levels and the presence of multiple bathrooms per unit can help reduce schedule conflicts. Luxury vinyl flooring and a complete, modern duplex layout may also appeal to prospective renters seeking straightforward move-in readiness when the units are completed.
The property is located at 406 & 408 England Street in Lonoke, Arkansas 72086, within Lonoke County. The lot size is 0.13 acres, and the total property size is 2,708 square feet. Completion is estimated for the end of July. The seller notes nearby multifamily buildings are also expected to be available for sale soon.
For tenants or owner-occupants looking for a roommate-ready arrangement, the separation of sleeping areas across levels and the presence of multiple bathrooms per unit can help reduce schedule conflicts. Luxury vinyl flooring and a complete, modern duplex layout may also appeal to prospective renters seeking straightforward move-in readiness when the units are completed.
Key Highlights
- New construction duplexes built in 2026 with each unit featuring 3 bedrooms and 3 bathrooms
- Under‑construction status with completion estimated end of July
- Luxury vinyl flooring throughout each unit
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.4k | $13.80 |
| − Vacancy | −$2.1k | −$0.76 |
| EGI | $35.3k | $13.04 |
| − OpEx | −$10.6k | −$3.91 |
| NOI | $24.7k | $9.13 |
2,708 SF · lease $13.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$353.1K
$309.0K – $412.0K
NOI $24,718 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$312.7K
$273.6K – $364.8K
NOI $21,887 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$551.4K
$482.5K – $643.3K
NOI $38,596 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
396
Businesses Nearby
Explore this area
Business Placement
Demographics for 72086, AR
10,673
Population
4,983
Households
2.1
Avg Household Size
40
Median Age
12%
College-Educated
84%
High-School Grad
164.1 sq mi
ZIP Area
65
Density / Sq Mi
$59,450
Median Household Income
$41,176
Median Earnings
$945
Median Rent
$151,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two new duplex units offering roommate-friendly 3-bedroom, 3-bath layouts ready for end-of-July completion.
Where is this duplex located?
The property is located at 406 & 408 England Street Lonoke, AR.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: New construction duplexes built in 2026 with each unit featuring 3 bedrooms and 3 bathrooms; Under‑construction status with completion estimated end of July; Luxury vinyl flooring throughout each unit
