Two-Bedroom Condo with Two
For Sale
Under Contract
$105,000
101 Pine Forest H-32 Drive, Maumelle, AR 72113
CONDOS - Maumelle, AR
Property Size1,029 SF
Price / SF$102.04
Days on Market119
Property Features for 101 Pine Forest H-32 Drive
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1
Parking features
Assigned
Patio and Porch features
Patio
Interior features
Washer Connection, Dryer Connection-Electric, Water Heater-Electric, Smoke Detector(s), Window Treatments, Balcony/Loft, Breakfast Bar, Kit Counter-Formica
Exterior features
Outside Storage Area, Covered Patio
Appliances
Free-Standing Stove, Electric Range, Dishwasher, Disposal, Refrigerator-Stays
Subdivision
FOREST EDGE WEST CONDO HPR
Lot features
Level
Directions
Edgewood to Pine Forest Dr
Standard status
Active Under Contract
Size
1,029 SF
Taxes and HOA fees
Tax Description
Forest Edge West Condo HPR PH2
Tax Annual Amount
893
HOA Fee
$220 Monthly
Legal Description
Forest Edge West Condo HPR PH2
Building Details
Year built
1979
Floors in Building
2
Flooring type
Vinyl, Tile
Roof type
Composition
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Arkansas Property Management & Real Estate
(501) 851-7771
Listed By:
Amanda Galbraith
(501) 804-9942
Added: Apr 17
Changed: Aug 3
Last Checked: Aug 13 at 3:06AM
MLS# 26015365
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 upstairs two-bedroom, two-bath condo in Pine Forest features an approximately 1,029-square-foot interior with vinyl and tile flooring. The home includes newer appliances and fresh paint, along with a breakfast bar and formica counter. Practical in-unit items include washer connection and electric dryer connection, an electric water heater, and window treatments. A balcony/loft area and two private balconies provide outdoor space, complemented by an outside storage area and a covered patio. The roof is composition, and the condo was built in 1979.
Two assigned parking spots support convenient daily access. The HOA covers trash, common area maintenance, and the exterior of buildings, including the roof-keeping.
For investors, the unit has a quality tenant in place through 02/28/2027.
Two assigned parking spots support convenient daily access. The HOA covers trash, common area maintenance, and the exterior of buildings, including the roof-keeping.
For investors, the unit has a quality tenant in place through 02/28/2027.
Key Highlights
- Tenant in place through 02/28/2027
- Approximately 1,029 SF upstairs two‑bedroom, two‑bath condo
- Two private balconies plus covered patio and outside storage area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$7,741
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$154,820
$154.8K
Cap Rate 7%
$110,586
$110.6K
Cap Rate 9%
$86,011
$86.0K
Market Conditions
NOI Build-Up for 1,029 SF
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.
Gross rent
$14.9K $14.52/SF
− Vacancy
−$867 −$0.84/SF
EGI
$14.1K $13.68/SF
− OpEx
−$6.3K −$6.16/SF
NOI
$7.7K $7.52/SF
Area
Pulaski County, AR
Vacancy
5.80%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$154,820
Cap Rate 7%
$110,586
Cap Rate 9%
$86,011
Alternative Uses
Best Use
Apartment 5plus
$110.6K
$96.8K – $129.0K
NOI $7,741 @ 7.0% cap · market cap 7.37%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$196.3K
$171.8K – $229.0K
NOI $13,740 @ 7.0% cap · market cap 13.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
91
Businesses Nearby
Explore this area
Business Placement
Demographics for 72113, AR
25,930
Population
12,260
Households
2.1
Avg Household Size
38
Median Age
46%
College-Educated
96%
High-School Grad
26.3 sq mi
ZIP Area
986
Density / Sq Mi
$72,054
Median Household Income
$46,212
Median Earnings
$1,084
Median Rent
$275,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Upstairs two-bedroom, two-bath condo with newer appliances, two private balconies, and two assigned parking spots.
Where is this residential income property located?
The property is located at 101 Pine Forest H-32 Drive Maumelle, AR.
What is the asking price?
The asking price for this property is $105,000.
What are key features of this property?
This property features: Tenant in place through 02/28/2027; Approximately 1,029 SF upstairs two‑bedroom, two‑bath condo; Two private balconies plus covered patio and outside storage area
