New Construction
For Sale
$380,000
413 & 415 Church Street, Lonoke, AR 72086
Multi-Family, Traditional, Lonoke, AR
Property Size2,718 SF
Lot Size0.13 Acres
Price / SF$139.81
Days on Market47
Property Features for 413 & 415 Church Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 4, Bedroom 1, Bathroom 2, Bathroom 5, Bedroom 3, Bathroom 6, Bathroom 3, Bedroom 5, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 6
Parking features
Garage
Patio and Porch features
Porch
Interior features
Washer Connection, Dryer Connection-Electric, Hot Water Heater-Electric, Smoke Detector, Breakfast Bar, Closet - Walk In, Fan - Ceiling, Primary Bedroom with Bath
Exterior features
Guttering, Porch
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, In Subdivision
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 Church Street. Building will be on your Right, near the corner of Church and 5th Street.
Standard status
Active
Size
2,718 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 7, Block 26
Tax Annual Amount
134
Legal Description
Lot 7, Block 26
Building Details
Year built
2026
Floors in Building
2
Number of units
2
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 21
Changed: Oct 5
Last Checked: Oct 6 at 10:06PM
MLS# 26034132
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 duplex contains 2,718 square feet across two residential units, each arranged with three bedrooms and two-and-a-half bathrooms. The lower level includes a one-car garage, living area, and half bath, while the upper floor provides a primary suite with a private bathroom and walk-in closet, two additional bedrooms, an intervening bathroom, and hall laundry connections. Vinyl flooring is planned throughout, with electric water heaters, electric dryer connections, dishwashers, ranges, microwaves, disposals, and ice-maker connections serving the units. Exterior features include brick and stone construction, gutters, porches, and shingle roofing.
The property occupies a 0.13-acre site at 413 & 415 Church Street in Lonoke, Arkansas, positioned within blocks of the historic courthouse and downtown. Construction is identified for 2026, and each unit includes a garage for on-site parking.
The property occupies a 0.13-acre site at 413 & 415 Church Street in Lonoke, Arkansas, positioned within blocks of the historic courthouse and downtown. Construction is identified for 2026, and each unit includes a garage for on-site parking.
Key Highlights
- Two‑unit duplex with 2,718 square feet total
- Each unit includes 3 bedrooms and 2 1/2 bathrooms
- One‑car garage serves each unit and opens to the lower‑level 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.
Property Analytics
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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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two townhouse-style units offer three bedrooms, two-and-a-half baths, private garages, and upstairs laundry connections.
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: Two‑unit duplex with 2,718 square feet total; Each unit includes 3 bedrooms and 2 1/2 bathrooms; One‑car garage serves each unit and opens to the lower‑level living area
