Updated Triplex Income
902-906 Dismukes Avenue, Lonoke, AR 72086
- Added:
- May 15, 2026
- Days on Market:
- 53
- Last Refresh:
- Jul 6 at 4:06 am
Property Features for 902-906 Dismukes Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Patio and Porch features
- Patio
- Interior features
- Hot Water Heater-Electric
- Exterior features
- Patio
- Appliances
- Free-Standing Stove, Electric Range, Dishwasher, Disposal, Refrigerator-Stays, Free-Standing Stove, Electric Range, Dishwasher, Disposal, Refrigerator-Stays
- Standard status
- Active
- Size
- 2,259 SF
Taxes and HOA fees
- Tax Description
- 781-90301-001
- Tax Annual Amount
- 1131
Building Details
- Year built
- 1984
- Floors in Building
- 1
- Number of units
- 3
- Flooring type
- Tile, Laminate, Concrete
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Shane Wallis (501) 454-4628
Listing office Venture Realty Group - Cabot 144 Professional Dr., Suite 3, Cabot, AR (501) 259-8437
Listing date May 15, 2026
MLS# 26019767
Listing URL
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.
HighLights
- 1984‑built 3‑plex with unit mix of two 2 bed/1 bath units and one 2 bed/2 bath unit
- 2 of 3 units are tenant occupied, and the remaining unit will be rented by the end of May
- Recent interior updates: new flooring (LVP, tile, or stained concrete), repainted units, and new countertops within the last 2 years
- New roof installed in 2021 and 2 new HVAC units as of 2025
- Appliances included: refrigerators stay with the property plus dishwasher, disposal, and electric range
- Includes a patio and features shingle roofing
Overview
This for-sale triplex was built in 1984 and presents as a well-maintained residential income property with three units. Two units are currently tenant occupied, and the remaining unit is expected to be rented by the end of May. The unit mix includes two 2-bedroom, 1-bath units and one 2-bedroom, 2-bath unit. Updates include new LVP flooring, tile, or stained concrete across the units, along with repainting and new countertops completed within the last two years. Refrigerators convey with the property. Exterior improvements include a new roof installed in 2021 and two new HVAC units as of 2025.
The property is located at 902-906 Dismukes Avenue in Lonoke, Arkansas (Lonoke County). The offering is structured around a straightforward triplex configuration with multiple similarly sized, tenant-friendly layouts.
For buyers seeking a rental property with recent interior and mechanical updates, this triplex offers a practical setup with consistent 2-bedroom unit types and the convenience of multiple units already in place. With tenant occupancy already underway and the third unit targeted for rental by end of May, the property may appeal to investors looking for a managed, low-maintenance profile supported by the roof and HVAC replacements.
The property is located at 902-906 Dismukes Avenue in Lonoke, Arkansas (Lonoke County). The offering is structured around a straightforward triplex configuration with multiple similarly sized, tenant-friendly layouts.
For buyers seeking a rental property with recent interior and mechanical updates, this triplex offers a practical setup with consistent 2-bedroom unit types and the convenience of multiple units already in place. With tenant occupancy already underway and the third unit targeted for rental by end of May, the property may appeal to investors looking for a managed, low-maintenance profile supported by the roof and HVAC replacements.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.2k | $13.80 |
| − Vacancy | −$1.7k | −$0.76 |
| EGI | $29.5k | $13.04 |
| − OpEx | −$8.8k | −$3.91 |
| NOI | $20.6k | $9.13 |
2,259 SF · lease $13.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$294.6K
$257.8K – $343.7K
NOI $20,620 @ 7.0% cap · market cap 7.18%
Second Best
Apartment 5plus
$260.8K
$228.2K – $304.3K
NOI $18,258 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$459.9K
$402.5K – $536.6K
NOI $32,196 @ 7.0% cap · market cap 11.22%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Triplexes
Map
- City
- Lonoke
- County
- Lonoke
- State
- Arkansas
- Longitude
- -91.904454
- Latitude
- 34.791211
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Triplex built in 1984 with updated interiors, newer roof, and multiple 2-bedroom layouts for rental-ready income.
Where is this triplex located?
The property is located at 902-906 Dismukes Avenue Lonoke, AR.
What is the asking price?
The asking price for this property is $287,000.
What are key features of this property?
This property features: 1984‑built 3‑plex with unit mix of two 2 bed/1 bath units and one 2 bed/2 bath unit; 2 of 3 units are tenant occupied, and the remaining unit will be rented by the end of May; Recent interior updates: new flooring (LVP, tile, or stained concrete), repainted units, and new countertops within the last 2 years
