6-Unit Apartment
For Sale
$255,000
301 SE 5th Street, England, AR 72046
Compact multifamily property with six residential units and a two-bedroom configuration.
Property Size2,880 SF
Price / SF$88.54
Days on Market50
Property Features for 301 SE 5th Street
General Information
Standard status
Active
Size
2,880 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
6
Listing Agency:
Foster Real Estate Services, Inc.
(501) 842-3928
Listed By:
Pam Foster
(501) 590-7570
Source:
Heilesassociatesrealtors
Added: Sep 4
Changed: Oct 11
Last Checked: Oct 20 at 8:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Foster Real Estate Services, Inc.
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Investment Insights
Based on property information with market context.
This 2,880-square-foot apartment property contains six residential units and is identified with a two-bedroom configuration. The asset is located at 301 SE 5th Street in England, Arkansas, offering a defined multifamily format for residential income use.
Key Highlights
- Six‑unit apartment building
- 2,880 square feet of property size
- Two‑bedroom configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,277
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,540
$465.5K
Cap Rate 7%
$332,529
$332.5K
Cap Rate 9%
$258,633
$258.6K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$44.9K $15.60/SF
− Vacancy
−$2.6K −$0.90/SF
EGI
$42.3K $14.70/SF
− OpEx
−$19.0K −$6.61/SF
NOI
$23.3K $8.08/SF
Area
Lonoke County, AR
Vacancy
5.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,540
Cap Rate 7%
$332,529
Cap Rate 9%
$258,633
Alternative Uses
Best Use
Apartment 5plus
$332.5K
$291.0K – $388.0K
NOI $23,277 @ 7.0% cap · market cap 9.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$586.4K
$513.1K – $684.1K
NOI $41,047 @ 7.0% cap · market cap 16.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
195
Businesses Nearby
Explore this area
Business Placement
Demographics for 72046, AR
3,965
Population
1,897
Households
2.1
Avg Household Size
44
Median Age
19%
College-Educated
86%
High-School Grad
232.8 sq mi
ZIP Area
17
Density / Sq Mi
$57,952
Median Household Income
$39,444
Median Earnings
$784
Median Rent
$99,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Compact multifamily property with six residential units and a two-bedroom configuration.
Where is this apartment building located?
The property is located at 301 SE 5th Street England, AR.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Six‑unit apartment building; 2,880 square feet of property size; Two‑bedroom configuration
