Turnkey Multifamily Duplex
For Sale
$1,250,000
916-934 Dismukes Avenue, Lonoke, AR 72086
MULTI_FAMILY - Lonoke, AR
Property Size10,020 SF
Lot Size1.00 Acre
Price / SF$124.75
Days on Market53
Property Features for 916-934 Dismukes Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Lot features
Level
Directions
GPS to Dismukes
Subdivision
LONOKE SCHOOL DISTRICT
Standard status
Active
Size
10,020 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Annual Amount
7705
Building Details
Year built
2022
Floors in Building
1
Flooring type
Concrete
Roof type
Shingle
Architectural style
Other
Listing Agency:
RE/MAX Encore · RE/MAX International
(501) 843-3067
Listed By:
Jody Huffmaster · License #EB00075977
(501) 940-4628
Added: Jun 9
Last Checked: Jul 31 at 3:06AM
MLS# 26023096
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 turnkey multifamily income property is currently 100% occupied and includes eight units, each configured as 3 bedrooms and 2 bathrooms. The units are described as having granite finishes, concrete flooring, and ample storage. The property is positioned as a newer build and maintenance-free, with a tenant responsibility model where tenants pay all utilities.
The offering is located at 916-934 Dismukes Avenue in Lonoke, Arkansas, on a 1-acre lot. The duplexes are located on separate parcels, which supports the option for the units to be sold separately.
For buyers seeking a hands-off residential income acquisition, the consistent unit mix across all eight homes and the stated maintenance-free design are practical considerations. With all units currently occupied and tenant-paid utilities in place, the property may appeal to owners looking for immediate, established rental operations and potential parcel-level flexibility.
The offering is located at 916-934 Dismukes Avenue in Lonoke, Arkansas, on a 1-acre lot. The duplexes are located on separate parcels, which supports the option for the units to be sold separately.
For buyers seeking a hands-off residential income acquisition, the consistent unit mix across all eight homes and the stated maintenance-free design are practical considerations. With all units currently occupied and tenant-paid utilities in place, the property may appeal to owners looking for immediate, established rental operations and potential parcel-level flexibility.
Key Highlights
- 8‑unit property built in 2022, with all units set up as 3 bed/2 bath
- Each unit features granite and concrete flooring with lots of storage
- Roof type is shingle
Financial Insights For Apartment 5plus
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 | $156.3k | $15.60 |
| − Vacancy | −$9.1k | −$0.90 |
| EGI | $147.2k | $14.70 |
| − OpEx | −$66.3k | −$6.61 |
| NOI | $81.0k | $8.08 |
10,020 SF · lease $15.60/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.16M
$1.01M – $1.35M
NOI $80,985 @ 7.0% cap · market cap 6.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.04M
$1.79M – $2.38M
NOI $142,810 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
8
Residential units
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Newer, low-maintenance duplex-style income property with eight 3 bed, 2 bath units and tenant-paid utilities.
Where is this apartment building located?
The property is located at 916-934 Dismukes Avenue Lonoke, AR.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 8‑unit property built in 2022, with all units set up as 3 bed/2 bath; Each unit features granite and concrete flooring with lots of storage; Roof type is shingle
