New Construction
For Sale
$380,000
409 & 411 Church Street, Lonoke, AR 72086
Two residential units offer three bedrooms and two-and-a-half baths each.
Property Size2,718 SF
Price / SF$139.81
Days on Market68
Property Features for 409 & 411 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
Amenities
hall laundry
Building Details
Construction
brick/stone
Listing Agency:
Fathom Realty Central
(888) 455-6040
Listed By:
Miekka Maile
(501) 941-8830
Source:
Heilesassociatesrealtors
Added: Aug 26
Changed: Oct 31
Last Checked: Nov 1 at 5:29AM
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 2,718-square-foot duplex is scheduled as new construction for 2026 and features brick and stone exteriors. Each residence includes three bedrooms and two-and-a-half bathrooms across an upstairs living arrangement, with the primary suite positioned separately from the additional bedrooms. A one-car garage connects directly to the lower-level living area, which also includes a half bath. Luxury vinyl flooring is specified throughout, and a centrally located laundry area serves each unit.
The property is located at 409 & 411 Church St in Lonoke, Arkansas, a short distance from the historic courthouse and downtown area. The configuration combines two similarly arranged residences within one multifamily asset, with private garage access and dedicated bedroom and bathroom layouts for each unit.
The property is located at 409 & 411 Church St in Lonoke, Arkansas, a short distance from the historic courthouse and downtown area. The configuration combines two similarly arranged residences within one multifamily asset, with private garage access and dedicated bedroom and bathroom layouts for each unit.
Key Highlights
- 2,718‑square‑foot duplex on 409 & 411 Church St
- New construction scheduled for 2026
- Each unit has 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 and two-and-a-half baths each.
Where is this duplex located?
The property is located at 409 & 411 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: 2,718‑square‑foot duplex on 409 & 411 Church St; New construction scheduled for 2026; Each unit has 3 bedrooms and 2 1/2 bathrooms
