Duplex with Two-Car Parking
For Sale
$200,000
124 S Woodrow Street, Little Rock, AR 72205
Multi-Family, Craftsman, Little Rock, AR
Property Size1,872 SF
Lot Size0.16 Acres
Price / SF$106.84
Days on Market58
Property Features for 124 S Woodrow Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Subdivision
Stiffs CS
Lot features
Sloped, Level
Directions
from 6-30 take the Woodrow exit. Turn north onto Woodrow. Property will be on your left.
Standard status
Active
APN
34L-061-00-010-00
Size
1,872 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 9 Block 1
Tax Annual Amount
2026
Legal Description
Lot 9 Block 1
Building Details
Year built
1930
Floors in Building
1
Number of units
2
Flooring type
Tile, Wood
Roof type
Shingle
Architectural style
Craftsman
Listing Agency:
Engel & Volkers · Engel & Völkers
(501) 663-6000
Listed By:
Ryan Stephens
(501) 551-2430
Added: Jun 24
Changed: Aug 19
Last Checked: Aug 20 at 11:06AM
MLS# 26025456
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.
124 S Woodrow Street is a duplex on a 0.16-acre lot with 1,872 SF total area and a Craftsman-style design built in 1930. The property includes a driveway and a dedicated two-car parking pad for off-street parking. The roof is shingle and was installed in 2020.
Improvements already completed include new windows and new Hardie siding in one unit. That unit is currently down to the studs, offering a clear path to finish to modern standards. The second unit remains intact, providing flexibility for leasing with light cosmetic improvements or converting to a fully updated condition.
The property is being sold as-is.
Improvements already completed include new windows and new Hardie siding in one unit. That unit is currently down to the studs, offering a clear path to finish to modern standards. The second unit remains intact, providing flexibility for leasing with light cosmetic improvements or converting to a fully updated condition.
The property is being sold as-is.
Key Highlights
- 0.16‑acre duplex lot with 1,872 SF total area
- Built in 1930; Craftsman architectural style
- Shingle roof installed in 2020
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
$17,087
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
8.54%
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%
$341,740
$341.7K
Cap Rate 7%
$244,100
$244.1K
Cap Rate 9%
$189,856
$189.9K
Market Conditions
NOI Build-Up for 1,872 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
$25.8K $13.80/SF
− Vacancy
−$1.4K −$0.76/SF
EGI
$24.4K $13.04/SF
− OpEx
−$7.3K −$3.91/SF
NOI
$17.1K $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%
$341,740
Cap Rate 7%
$244,100
Cap Rate 9%
$189,856
Alternative Uses
Best Use
Multifamily LT 5
$244.1K
$213.6K – $284.8K
NOI $17,087 @ 7.0% cap · market cap 8.54%
Second Best
Apartment 5plus
$216.1K
$189.1K – $252.2K
NOI $15,130 @ 7.0% cap · market cap 7.56%
Theoretical Best
Office A
$340.1K
$297.6K – $396.8K
NOI $23,805 @ 7.0% cap · market cap 11.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
443
Businesses Nearby
Explore this area
Business Placement
Demographics for 72205, AR
22,888
Population
12,187
Households
1.9
Avg Household Size
39
Median Age
54%
College-Educated
96%
High-School Grad
8.0 sq mi
ZIP Area
2,861
Density / Sq Mi
$62,888
Median Household Income
$50,948
Median Earnings
$1,110
Median Rent
$204,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with off-street parking and one unit down to the studs, plus newer roof, windows, and Hardie siding.
Where is this duplex located?
The property is located at 124 S Woodrow Street Little Rock, AR.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 0.16‑acre duplex lot with 1,872 SF total area; Built in 1930; Craftsman architectural style; Shingle roof installed in 2020
