6-Unit Apartment
For Sale
$265,000
301 SE 5th Street, England, AR 72046
MULTI_FAMILY - England, AR
Property Size2,880 SF
Lot Size0.48 Acres
Price / SF$92.01
Days on Market66
Property Features for 301 SE 5th Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Interior features
Washer/Dryer-Comm. Out
Subdivision
OT England
Lot features
Level
Directions
From Hwy 165 turn South on SE 5th St for 2 Blocks.
Standard status
Active
Size
2,880 SF
Lot size
0.48 Acres
Taxes and HOA fees
Tax Description
Lots 4-6 Block 72
Tax Annual Amount
1450
Legal Description
Lots 4-6 Block 72
Building Details
Year built
1975
Floors in Building
1
Number of units
6
Flooring type
Carpet - Full, Vinyl
Roof type
Composition
Architectural style
Ranch
Listing Agency:
Foster Real Estate Services, Inc.
(501) 842-3928
Listed By:
Pam Foster
(501) 590-7570
Added: Jun 1
Changed: Aug 3
Last Checked: Aug 5 at 12:06PM
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.
Investment Insights
Based on property information with market context.
This ranch-style 6-unit apartment building is offered for sale in England, Arkansas. The property includes washer/dryer hookups for common areas (“Washer/Dryer-Comm. Out”), and interior finishes include vinyl and full carpet flooring. The units are described as two-bedroom homes, and the public remarks indicate the building has been staying rented.
The building was constructed in 1975 and features a composition roof. The lot size is 0.48 acres, and the property size is 2,880 square feet.
Located at 301 SE 5th Street in England (72046) within Lonoke County, this multifamily property is positioned for buyers seeking a small residential income asset with an established unit configuration.
The building was constructed in 1975 and features a composition roof. The lot size is 0.48 acres, and the property size is 2,880 square feet.
Located at 301 SE 5th Street in England (72046) within Lonoke County, this multifamily property is positioned for buyers seeking a small residential income asset with an established unit configuration.
Key Highlights
- 6 units described as two‑bedroom apartments
- Washer/dryer connections for common area use (Washer/Dryer‑Comm. Out)
- 0.48‑acre lot
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 | $44.9k | $15.60 |
| − Vacancy | −$2.6k | −$0.90 |
| EGI | $42.3k | $14.70 |
| − OpEx | −$19.0k | −$6.61 |
| NOI | $23.3k | $8.08 |
2,880 SF · lease $15.60/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$332.5K
$291.0K – $388.0K
NOI $23,277 @ 7.0% cap · market cap 8.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$586.4K
$513.1K – $684.1K
NOI $41,047 @ 7.0% cap · market cap 15.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
188
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Ranch-style 6-unit apartment with washer/dryer connections and vinyl and carpet 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 $265,000.
What are key features of this property?
This property features: 6 units described as two‑bedroom apartments; Washer/dryer connections for common area use (Washer/Dryer‑Comm. Out); 0.48‑acre lot
