New Construction Duplex with
For Sale
$380,000
413 & 415 Church Street, Lonoke, AR 72086
Two-story units offer private garages, luxury vinyl flooring, and laundry access within each residence.
Property Size2,718 SF
Price / SF$139.81
Days on Market58
Property Features for 413 & 415 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
Buildings
1
Construction
brick/stone
Listing Agency:
Fathom Realty Central
(888) 455-6040
Listed By:
Miekka Maile
(501) 941-8830
Source:
Heilesassociatesrealtors
Added: Sep 5
Changed: Oct 25
Last Checked: Nov 1 at 4:54AM
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 newly constructed duplex uses brick and stone exterior materials and includes two residences with matching layouts. Each unit provides three bedrooms and two-and-a-half bathrooms across two levels. The ground floor includes a one-car garage that opens directly into the living area, along with a half bathroom. Upstairs, each residence has a rear primary bedroom with a private bathroom and walk-in closet, two additional bedrooms, an additional bathroom, and laundry located in the hallway. Luxury vinyl flooring is installed throughout the units.
The property is located at 413 & 415 Church Street in Lonoke, Arkansas, within blocks of the historic courthouse and downtown area. The combination of separate residential layouts, attached garages, and contemporary construction supports practical day-to-day living for both units.
The property is located at 413 & 415 Church Street in Lonoke, Arkansas, within blocks of the historic courthouse and downtown area. The combination of separate residential layouts, attached garages, and contemporary construction supports practical day-to-day living for both units.
Key Highlights
- New‑construction duplex with brick and stone exterior
- Two residences, each with 3 bedrooms and 2 1/2 bathrooms
- Each unit includes a 1‑car garage connected to the living area
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-story units offer private garages, luxury vinyl flooring, and laundry access within each residence.
Where is this duplex located?
The property is located at 413 & 415 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 brick and stone exterior; Two residences, each with 3 bedrooms and 2 1/2 bathrooms; Each unit includes a 1‑car garage connected to the living area
