About This Home

This 2-bedroom, 1-bathroom single family at 315 E Cherry Street in Lonoke, AR is listed for $30,000 ($33 per sqft). the home offers 912 sqft of living space on a 0.21 acres lot.

Key Features

  • 0.21 acre lot

Property Details

1 story
1 full
Listing Description

Investor opportunity in Lonoke. 315 E Cherry is just minutes from downtown Lonoke's shops, restaurants and city services. Priced to sell - this home is ready for a buyer with vision to bring it back to life as a rental, a flip or an affordable starter home.

Inside, you will find a living room with a ceiling fan and classic wood paneling, a kitchen with plenty of wood cabinetry and natural light, two bedrooms with ceiling fans and a full bath with a tub/shower combination. The exterior features vinyl siding, a covered front entry and a driveway, along with a nice-sized yard and mature trees.

The home needs updating throughout, making it a great chance to add value and build equity. Bring your contractor and your ideas. Opportunities at this price point this close to town do not come along often, so schedule your showing today. No seller property disclosure. Buyers should measure lot size and square footage for themselves. RD eligible, being sold AS-IS/WHERE-IS - seller will make no repairs.

Monthly Cost Estimate

$160/mo

20% down · 6.5% · 30 years

Principal$22
Interest$130
Insurance$9

Estimates only. Actual payments may vary.

Location

315 E Cherry Street

Lonoke, AR 72086

OT HICKS & REYNOLDS

Features & Amenities

Interior Features

Ceiling Fan(s)

Property Details

Flooring

Wood

Questions & Answers

This 2-bedroom, 1-bathroom single family at 315 E Cherry Street is listed at $30,000 ($33/sqft). The estimated monthly payment is $161 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 0.21 acre lot. Interior Features: Ceiling Fan(s).

This property is listed by Kari Clay.

KC

Kari Clay

Agent at Standard Listing Realtors

Listed by Standard Listing Realtors · Broker phone: (501) 444-2055 · View on Broker Site · Broker website

MLS# 26043354· Source: Cooperative Arkansas Realtors Multiple Listing Service· 1 day on PropertySimple

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.

315 E Cherry Street, Lonoke, AR 72086

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