Three-Bedroom Duplex with Bonus
For Sale
$299,900
107 Claremore Ct., Little Rock, AR 72227
CONDOS - Little Rock, AR
Property Size3,024 SF
Price / SF$99.17
Days on Market231
Property Features for 107 Claremore Ct.
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 3, Laundry Room, Bathroom 3, Bonus Room, Bathroom 4, Den, Bathroom 1, Bathroom 2, Bedroom 1
Parking features
Garage
Interior features
Wet Bar
Fireplace
1
Appliances
Surface Range, Dishwasher, Disposal, Ice Maker Connection
Subdivision
CLAREMORE COURT
Lot features
Sloped, In Subdivision
Directions
Cantrell to Reservoir, right on Claremore St and right on Claremore Ct.
Standard status
Active
Size
3,024 SF
Taxes and HOA fees
Tax Description
PT TRA unit 4
Tax Annual Amount
3817
HOA Fee
$350 Monthly
Legal Description
PT TRA unit 4
Building Details
Year built
1987
Floors in Building
2
Flooring type
Carpet, Wood, Tile
Roof type
Composition
Architectural style
Other
Listing Agency:
Bailey & Company Real Estate
(501) 255-5855
Listed By:
Joanna White
(501) 580-7431
Added: Jan 1
Changed: Aug 16
Last Checked: Aug 20 at 2:06PM
MLS# 26000107
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 3,024-square-foot duplex, built in 1987, offers a multi-level layout with three bedrooms and four bathrooms. The main level includes a kitchen, dining area, living room with fireplace, den, laundry room, and two bedrooms with ensuite bathrooms. Wood, tile, and carpet flooring are used throughout, with a wet bar adding another functional feature.
The upper level provides a third bedroom, full bathroom, large bonus room, and separate storage room with windows that can serve as additional flexible space. Exterior features include a back patio, while parking is provided by a garage. The kitchen includes a surface range, dishwasher, disposal, and ice maker connection.
The upper level provides a third bedroom, full bathroom, large bonus room, and separate storage room with windows that can serve as additional flexible space. Exterior features include a back patio, while parking is provided by a garage. The kitchen includes a surface range, dishwasher, disposal, and ice maker connection.
Key Highlights
- 3,024 SF duplex built in 1987
- Three bedrooms and four bathrooms
- Main‑level living, dining, kitchen, den, and laundry areas
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
$27,602
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
9.20%
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%
$552,040
$552.0K
Cap Rate 7%
$394,314
$394.3K
Cap Rate 9%
$306,689
$306.7K
Market Conditions
NOI Build-Up for 3,024 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
$41.7K $13.80/SF
− Vacancy
−$2.3K −$0.76/SF
EGI
$39.4K $13.04/SF
− OpEx
−$11.8K −$3.91/SF
NOI
$27.6K $9.13/SF
Area
Little Rock, 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 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%
$552,040
Cap Rate 7%
$394,314
Cap Rate 9%
$306,689
Alternative Uses
Best Use
Multifamily LT 5
$394.3K
$345.0K – $460.0K
NOI $27,602 @ 7.0% cap · market cap 9.20%
Second Best
Apartment 5plus
$349.2K
$305.5K – $407.4K
NOI $24,441 @ 7.0% cap · market cap 8.15%
Theoretical Best
Office A
$549.3K
$480.7K – $640.9K
NOI $38,454 @ 7.0% cap · market cap 12.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
117
Businesses Nearby
Explore this area
Business Placement
Demographics for 72227, AR
11,090
Population
5,700
Households
1.9
Avg Household Size
41
Median Age
55%
College-Educated
98%
High-School Grad
3.8 sq mi
ZIP Area
2,918
Density / Sq Mi
$73,533
Median Household Income
$52,565
Median Earnings
$1,035
Median Rent
$260,900
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?
Duplex - Multi-level duplex with wood and tile flooring, a fireplace, garage, and flexible bonus space.
Where is this duplex located?
The property is located at 107 Claremore Ct. Little Rock, AR.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 3,024 SF duplex built in 1987; Three bedrooms and four bathrooms; Main‑level living, dining, kitchen, den, and laundry areas
