New Construction
For Sale
$380,000
401 & 403 Church Street, Lonoke, AR 72086
Two three-bedroom residences offer three baths, flexible bonus space, and laundry within each unit.
Property Size2,708 SF
Price / SF$140.32
Days on Market69
Property Features for 401 & 403 Church Street
General Information
Standard status
Active
Size
2,708 SF
Property subtype
Multi-family
Building Details
Construction
brick
Listing Agency:
Fathom Realty Central
(888) 455-6040
Listed By:
Miekka Maile
(501) 941-8830
Source:
Heilesassociatesrealtors
Added: Aug 25
Changed: Oct 26
Last Checked: Nov 1 at 5:00AM
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 Fathom Realty Central
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Investment Insights
Based on property information with market context.
This 2,708-square-foot duplex is scheduled for completion toward the end of August 2026. The brick exterior includes a limited tan-siding accent on the front, while luxury vinyl flooring extends throughout the building.
Each residence contains three bedrooms and three bathrooms across two levels. The main floor combines the living room and kitchen, with a bedroom and full bathroom positioned toward the rear. Upstairs, the primary bedroom has a private bathroom, while a third bedroom and bathroom sit at the front. Laundry and a bonus area are located between the upstairs bedrooms, creating additional functional space for each unit.
The property is located at 401 & 403 Church St in Lonoke, Arkansas.
Each residence contains three bedrooms and three bathrooms across two levels. The main floor combines the living room and kitchen, with a bedroom and full bathroom positioned toward the rear. Upstairs, the primary bedroom has a private bathroom, while a third bedroom and bathroom sit at the front. Laundry and a bonus area are located between the upstairs bedrooms, creating additional functional space for each unit.
The property is located at 401 & 403 Church St in Lonoke, Arkansas.
Key Highlights
- Two‑unit duplex totaling 2,708 SF
- Each unit includes 3 bedrooms and 3 bathrooms
- New construction with 2026 year built
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,718
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,360
$494.4K
Cap Rate 7%
$353,114
$353.1K
Cap Rate 9%
$274,644
$274.6K
Market Conditions
NOI Build-Up for 2,708 SF
Gross rent
$37.4K $13.80/SF
− Vacancy
−$2.1K −$0.76/SF
EGI
$35.3K $13.04/SF
− OpEx
−$10.6K −$3.91/SF
NOI
$24.7K $9.13/SF
Area
Lonoke County, AR
Vacancy
5.51%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,360
Cap Rate 7%
$353,114
Cap Rate 9%
$274,644
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.
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Location Intelligence
Trade Area within ½ mile
396
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences offer three baths, flexible bonus space, and laundry within each unit.
Where is this duplex located?
The property is located at 401 & 403 Church 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: Two‑unit duplex totaling 2,708 SF; Each unit includes 3 bedrooms and 3 bathrooms; New construction with 2026 year built
