New Construction
For Sale
$380,000
405 & 407 Church Street, Lonoke, AR 72086
Two residential units offer three bedrooms, two-and-a-half baths, and attached one-car garages with direct entry to living areas.
Property Size2,718 SF
Price / SF$139.81
Days on Market59
Property Features for 405 & 407 Church Street
General Information
Standard status
Active
Size
2,718 SF
Property subtype
Multi-family
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Building Details
Construction
brick/stone
Listing Agency:
Fathom Realty Central
(888) 455-6040
Listed By:
Miekka Maile
(501) 941-8830
Source:
Heilesassociatesrealtors
Added: Sep 4
Changed: Oct 26
Last Checked: Nov 1 at 5:23AM
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 new-construction duplex at 405 & 407 Church Street features an all-brick-and-stone exterior and 2,718 square feet. Each residence includes three bedrooms and two-and-a-half bathrooms, with a one-car garage opening directly into the downstairs living area. A half bath is located on the main level, while the upper floor contains the primary bedroom with a private bathroom and walk-in closet, two additional bedrooms, and a shared bathroom. Hall laundry serves each unit, and luxury vinyl flooring runs throughout.
The property is positioned in Lonoke, just blocks from the historic courthouse and downtown. Its two-unit configuration, individual garages, and consistent interior layout provide a clearly defined residential income asset.
The property is positioned in Lonoke, just blocks from the historic courthouse and downtown. Its two-unit configuration, individual garages, and consistent interior layout provide a clearly defined residential income asset.
Key Highlights
- New‑construction duplex with all‑brick‑and‑stone exterior
- 2,718 square feet across two residential units
- Each unit includes 3 bedrooms and 2 1/2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,809
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$496,180
$496.2K
Cap Rate 7%
$354,414
$354.4K
Cap Rate 9%
$275,656
$275.7K
Market Conditions
NOI Build-Up for 2,718 SF
Gross rent
$37.5K $13.80/SF
− Vacancy
−$2.1K −$0.76/SF
EGI
$35.4K $13.04/SF
− OpEx
−$10.6K −$3.91/SF
NOI
$24.8K $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%
$496,180
Cap Rate 7%
$354,414
Cap Rate 9%
$275,656
Alternative Uses
Best Use
Multifamily LT 5
$354.4K
$310.1K – $413.5K
NOI $24,809 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$313.8K
$274.6K – $366.1K
NOI $21,968 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$553.4K
$484.2K – $645.6K
NOI $38,738 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
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 residential units offer three bedrooms, two-and-a-half baths, and attached one-car garages with direct entry to living areas.
Where is this duplex located?
The property is located at 405 & 407 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: New‑construction duplex with all‑brick‑and‑stone exterior; 2,718 square feet across two residential units; Each unit includes 3 bedrooms and 2 1/2 bathrooms
