New Construction
For Sale
$380,000
406 & 408 England St, Lonoke, AR 72086
Two three-bedroom residences feature three bathrooms, flexible living areas, and luxury vinyl flooring throughout.
Property Size2,708 SF
Price / SF$140.32
Days on Market58
Property Features for 406 & 408 England St
General Information
Standard status
Active
Size
2,708 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3bed/3bath
Multifamily Units
2
Building Details
Year Built
2026
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Fathom Realty Central
Listed By:
Miekka Maile
(501) 941-8830
Source:
Pcsingtolittlerock
Added: Aug 19
Changed: Oct 9
Last Checked: Oct 7 at 3:13PM
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
Investment Insights
Based on property information with market context.
This 2,708-square-foot duplex contains two residences, with each unit offering three bedrooms and three bathrooms. The layout places the living room and kitchen near the entry, with a bedroom and full bathroom on the main level. Upstairs, each residence includes a primary bedroom with a private bathroom, another bedroom with its own bathroom, a laundry area, and a bonus space. Luxury vinyl flooring runs throughout the interiors. The building is brick with tan siding at the front facade, and completion is estimated for the end of August. The property is located at 406 England St in Lonoke, Arkansas, near several other multifamily buildings that are also expected to be offered for sale.
Key Highlights
- 2,708‑square‑foot duplex with two residences
- Each unit includes 3 bedrooms and 3 bathrooms
- Main‑level living room, kitchen, bedroom, and full bathroom in each unit
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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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
396
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences feature three bathrooms, flexible living areas, and luxury vinyl flooring throughout.
Where is this duplex located?
The property is located at 406 & 408 England St 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: 2,708‑square‑foot duplex with two residences; Each unit includes 3 bedrooms and 3 bathrooms; Main‑level living room, kitchen, bedroom, and full bathroom in each unit
