6-Unit Ranch Apartment
301 SE 5th Street, England, AR 72046
For Sale
$255,000
Multi-Family, Ranch, England, AR
Property Size2,880 SF
Lot Size0.48 Acres
Price / SF$88.54
Days on Market163
Property Features for 301 SE 5th Street
General Information
Property type
Property subtype
Interior features
Subdivision
Lot features
Directions
Standard status
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Floors in Building
Number of units
Flooring type
Roof type
Architectural style
Listing Agency:
Foster Real Estate Services, Inc.
(501) 842-3928
Listed By:
Pam Foster
(501) 590-7570
Added: Jun 1
Changed: Nov 2
Last Checked: Nov 10 at 8:06PM
MLS# 26023712
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.
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Investment Insights
Based on property information with market context.
This 6-unit apartment building in England, Arkansas, contains 2,880 square feet on a 0.48-acre lot. Built in 1975, the ranch-style property offers a two-bedroom unit configuration, carpet and vinyl flooring, composition roofing, and commercial washer and dryer facilities. The property is described as well maintained and has units that stay rented.
Located at 301 SE 5th Street, the building provides an established multifamily layout within Lonoke County. Its single-story ranch design and dedicated laundry equipment are practical features for residential operations. The property is offered for sale.
Located at 301 SE 5th Street, the building provides an established multifamily layout within Lonoke County. Its single-story ranch design and dedicated laundry equipment are practical features for residential operations. The property is offered for sale.
Key Highlights
- Six‑unit apartment building with a two‑bedroom configuration
- 2,880 square feet on 0.48 acres
- Built in 1975 with ranch‑style architecture
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
$523.2K
$457.8K – $610.4K
NOI $36,623 @ 7.0% cap · market cap 14.36%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
195
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained ranch-style property with two-bedroom units, shared commercial laundry, and a mix of carpet and vinyl flooring.
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 with a two‑bedroom configuration; 2,880 square feet on 0.48 acres; Built in 1975 with ranch‑style architecture
