Duplex with Vacant
128 Skyline Drive North Little Rock, AR 72116
For Sale
$260,000
MULTI_FAMILY - North Little Rock, AR
Property Size1,647 SF
Lot Size0.23 Acres
Price / SF$157.86
Days on Market48
Property Features for 128 Skyline Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Patio and Porch features
Porch, Deck
Interior features
Washer Connection, Dryer Connection-Gas, Dryer Connection-Electric, Hot Water Heater-Gas
Exterior features
Deck, Porch
Appliances
Free-Standing Stove, Microwave, Refrigerator-Stays, Free-Standing Stove, Microwave, Refrigerator-Stays
Standard status
Active
Size
1,647 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
Lot 1, Block 4
Tax Annual Amount
3432
Building Details
Year built
1924
Floors in Building
1
Number of units
2
Flooring type
Wood
Roof type
Composition
Architectural style
Bungalow
Listing Agency:
RE/MAX Properties
(501) 224-4111
Listed By:
Valentine Hansen · License #90655
(501) 960-4667
Added: Jun 13
Last Checked: Jul 30 at 5:06AM
MLS# 26023909
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 for-sale duplex at 128 Skyline Drive offers two separate sides, with both units currently vacant for straightforward showing. The property is identified as having approximately 1,647 square feet of total building area on a 0.23-acre lot. The duplex configuration also presents flexibility for a buyer looking to convert it to a single residential home.
The home is located in North Little Rock, Arkansas (72116), in the Historic Parkhill area, where the listing notes a city view. With both sides available, buyers can evaluate the property’s layout and potential for either income use or conversion based on their plans.
For investors, the vacant condition may simplify timelines for occupancy or redevelopment planning. For owner-occupants, the duplex can be evaluated as a residential conversion option while retaining the existing structure. Either way, the current vacancy supports an easy on-site review of the interior and how the space may be adapted to fit your use goals.
The home is located in North Little Rock, Arkansas (72116), in the Historic Parkhill area, where the listing notes a city view. With both sides available, buyers can evaluate the property’s layout and potential for either income use or conversion based on their plans.
For investors, the vacant condition may simplify timelines for occupancy or redevelopment planning. For owner-occupants, the duplex can be evaluated as a residential conversion option while retaining the existing structure. Either way, the current vacancy supports an easy on-site review of the interior and how the space may be adapted to fit your use goals.
Key Highlights
- 1924 bungalow‑style duplex with composition roof
- Both sides are vacant, making it easy to show
- Wood flooring throughout
Financial Insights For Multifamily LT 5
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 | $21.1k | $12.84 |
| − Vacancy | −$1.4k | −$0.83 |
| EGI | $19.8k | $12.01 |
| − OpEx | −$5.9k | −$3.60 |
| NOI | $13.8k | $8.40 |
1,647 SF · lease $12.84/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$197.7K
$173.0K – $230.7K
NOI $13,841 @ 7.0% cap · market cap 5.32%
Second Best
Apartment 5plus
$177.0K
$154.9K – $206.5K
NOI $12,390 @ 7.0% cap · market cap 4.77%
Theoretical Best
Specialty Retail
$314.2K
$274.9K – $366.5K
NOI $21,992 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex on Skyline Drive with both sides vacant and convertible to a residential home.
Where is this duplex located?
The property is located at 128 Skyline Drive North Little Rock, AR.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 1924 bungalow‑style duplex with composition roof; Both sides are vacant, making it easy to show; Wood flooring throughout
