New Construction
For Sale
$615,000
410 412 414 England Street, Lonoke, AR 72086
Multi-Family, Traditional, Lonoke, AR
Property Size4,418 SF
Lot Size0.20 Acres
Price / SF$139.20
Days on Market49
Property Features for 410 412 414 England Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Property condition
Under Construction
Bedrooms
8
Bathrooms
9
Full bathrooms
9
Rooms
Bedroom 6, Bathroom 4, Bedroom 3, Bedroom 5, Bathroom 5, Bathroom 3, Bathroom 7, Bathroom 8, Bedroom 7, Bathroom 6, Bathroom 1, Bedroom 2, Bathroom 2, Bathroom 9, Bedroom 1, Bedroom 4, Bedroom 8
Parking features
Garage
Interior features
Washer Connection, Dryer Connection-Electric, Hot Water Heater-Electric, Smoke Detector, Breakfast Bar, Fan - Ceiling
Exterior features
Fully Fenced, Guttering, Wood Fence
Fencing
Full, Wood
Appliances
Free-Standing Stove, Microwave, Electric Range, Dishwasher, Disposal, Ice Maker Connection, Free-Standing Stove, Microwave, Electric Range, Dishwasher, Disposal, Ice Maker Connection
Subdivision
OT Wrights
Lot features
Level, Cleared
Elementary school
Lonoke
Middle school
Lonoke
High school
Lonoke
Directions
From I-40 take exit 173 for AR-89 towards Lonoke. After a mile, turn L onto W 3rd St after the cemetery. After .7 miles take a L on England Street. Building will be on your Left after the corner of 4th Street.
Standard status
Active
Size
4,418 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Description
Lot 2 & S 1/2 of Lot 3, Block
Tax Annual Amount
134
Legal Description
Lot 2 & S 1/2 of Lot 3, Block
Building Details
Year built
2026
Floors in Building
2
Number of units
3
Flooring type
Vinyl
Roof type
Shingle
Architectural style
Other
Listing Agency:
Fathom Realty Central
(888) 455-6040
Listed By:
Miekka Maile
(501) 941-8830
Added: Aug 17
Changed: Sep 17
Last Checked: Oct 4 at 5:06PM
MLS# 26033650
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 under-construction triplex at 410, 412, and 414 England Street contains 4,418 square feet on a 0.2-acre lot. The all-brick-and-stone building is designed with two 3-bedroom, 2.5-bath end units and a 2-bedroom, 2.5-bath middle unit that also includes an office, playroom, or bonus room. Each layout includes an upstairs primary bedroom with a private bathroom and walk-in closet, two additional bedrooms, a shared bathroom, and hall laundry connections.
A one-car garage opens into the downstairs living area, which includes a half bath. Luxury vinyl flooring, electric water heating, ceiling fans, breakfast bars, dishwashers, disposals, and electric ranges are specified throughout the property. Exterior features include full wood fencing and gutters. The property is listed as under construction, with completion estimated for the end of July.
A one-car garage opens into the downstairs living area, which includes a half bath. Luxury vinyl flooring, electric water heating, ceiling fans, breakfast bars, dishwashers, disposals, and electric ranges are specified throughout the property. Exterior features include full wood fencing and gutters. The property is listed as under construction, with completion estimated for the end of July.
Key Highlights
- Three‑unit building with 4,418 square feet on a 0.2‑acre lot
- Two 3‑bedroom, 2.5‑bath end units
- Middle unit includes 2 bedrooms, 2.5 baths, and an office/playroom/bonus room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,326
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$806,520
$806.5K
Cap Rate 7%
$576,086
$576.1K
Cap Rate 9%
$448,067
$448.1K
Market Conditions
NOI Build-Up for 4,418 SF
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.
Gross rent
$61.0K $13.80/SF
− Vacancy
−$3.4K −$0.76/SF
EGI
$57.6K $13.04/SF
− OpEx
−$17.3K −$3.91/SF
NOI
$40.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$806,520
Cap Rate 7%
$576,086
Cap Rate 9%
$448,067
Alternative Uses
Best Use
Multifamily LT 5
$576.1K
$504.1K – $672.1K
NOI $40,326 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$510.1K
$446.4K – $595.1K
NOI $35,708 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$899.5K
$787.1K – $1.05M
NOI $62,967 @ 7.0% cap · market cap 10.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
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
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Frequently Asked Questions
What type of property is this?
Triplex - Brick-and-stone three-unit property with garages, flexible bonus space, and luxury vinyl flooring throughout.
Where is this triplex located?
The property is located at 410 412 414 England Street Lonoke, AR.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Three‑unit building with 4,418 square feet on a 0.2‑acre lot; Two 3‑bedroom, 2.5‑bath end units; Middle unit includes 2 bedrooms, 2.5 baths, and an office/playroom/bonus room
