916-934 Dismukes Avenue, Lonoke, AR 72086
MULTI_FAMILY - Lonoke, AR
- Added:
- Jun 9, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 11 at 2:06 am
Property Features for 916-934 Dismukes Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 10,020 SF
- Lot size
- 1.00 Acre
Taxes and HOA fees
- Tax Annual Amount
- 7705
Building Details
- Year built
- 2022
- Floors in Building
- 1
- Flooring type
- Concrete
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Jody Huffmaster License #EB00075977 (501) 940-4628
Listing office RE/MAX Encore 19 Ryeland Dr, Suite A Suite D, Cabot, AR (501) 843-3067
Listing date Jun 9, 2026
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.
HighLights
- 8‑unit property built in 2022, with all units set up as 3 bed/2 bath
- Each unit features granite and concrete flooring with lots of storage
- Roof type is shingle
- All 8 units are currently 100% occupied; tenants pay all utilities
- Each duplex is on separate parcels, allowing the duplexes to be sold separately
Overview
The offering is located at 916-934 Dismukes Avenue in Lonoke, Arkansas, on a 1-acre lot. The duplexes are located on separate parcels, which supports the option for the units to be sold separately.
For buyers seeking a hands-off residential income acquisition, the consistent unit mix across all eight homes and the stated maintenance-free design are practical considerations. With all units currently occupied and tenant-paid utilities in place, the property may appeal to owners looking for immediate, established rental operations and potential parcel-level flexibility.
Local Financial Insights For Apartment 5plus
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 | $156.3k | $15.60 |
| − Vacancy | −$9.1k | −$0.90 |
| EGI | $147.2k | $14.70 |
| − OpEx | −$66.3k | −$6.61 |
| NOI | $81.0k | $8.08 |
Alternative Uses
Current Use by Public Records
Map
- City
- Lonoke
- County
- Lonoke
- State
- Arkansas
- Longitude
- -91.904438
- Latitude
- 34.791896
