New Construction
For Sale
$349,900
1524 Schaer Street, North Little Rock, AR 72114
Multi-Family, Traditional, North Little Rock, AR
Property Size2,296 SF
Lot Size0.15 Acres
Price / SF$152.40
Days on Market161
Property Features for 1524 Schaer Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Appliances
Dishwasher, Dishwasher
Subdivision
Holts Industrial
Lot features
Level
Directions
From 40 W take exit 152B to MacArthur Drive right onto MacArthur Left onto W 16th Street Right onto Schaer Duplex will be to the left
Standard status
Active
APN
33N-257-00-173-00
Size
2,296 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
16/11
Tax Annual Amount
33
Legal Description
16/11
Amenities
granite countertops
tankless water heater
stunning shower
stylish finishes
contemporary fixtures
fenced yards
Building Details
Year built
2025
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Roof type
Composition
Architectural style
Other
Listing Agency:
Lotus Realty
(501) 515-0904
Listed By:
Tara Helgestad
(501) 224-4111
Added: Apr 3
Changed: Sep 6
Last Checked: Sep 10 at 8:06AM
MLS# 26012985
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.
Built in 2025, this 2,296-square-foot brick duplex includes two residences, each with 3 bedrooms and 2 full bathrooms. Both layouts provide open living, dining, and kitchen areas, along with granite countertops, vinyl flooring, contemporary fixtures, and finished shower areas. Tankless water heaters and dishwashers are included, while composition roofing serves the building.
The property occupies 0.15 acres at 1524 Schaer Street in North Little Rock, Arkansas. Each residence includes a fenced yard, and the property provides spacious parking. The configuration combines modern interior finishes with practical residential features in a newly built multifamily asset.
The property occupies 0.15 acres at 1524 Schaer Street in North Little Rock, Arkansas. Each residence includes a fenced yard, and the property provides spacious parking. The configuration combines modern interior finishes with practical residential features in a newly built multifamily asset.
Key Highlights
- 2025 construction with an all‑brick exterior
- 2,296 square feet on a 0.15‑acre lot
- Duplex with 3 bedrooms and 2 full bathrooms per unit
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
$19,295
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
5.51%
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%
$385,900
$385.9K
Cap Rate 7%
$275,643
$275.6K
Cap Rate 9%
$214,389
$214.4K
Market Conditions
NOI Build-Up for 2,296 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
$29.5K $12.84/SF
− Vacancy
−$1.9K −$0.83/SF
EGI
$27.6K $12.01/SF
− OpEx
−$8.3K −$3.60/SF
NOI
$19.3K $8.40/SF
Area
Pulaski County, AR
Vacancy
6.50%
Lease Rate
$12.84 /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%
$385,900
Cap Rate 7%
$275,643
Cap Rate 9%
$214,389
Alternative Uses
Best Use
Multifamily LT 5
$275.6K
$241.2K – $321.6K
NOI $19,295 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$246.7K
$215.9K – $287.9K
NOI $17,272 @ 7.0% cap · market cap 4.94%
Theoretical Best
Specialty Retail
$438.0K
$383.2K – $511.0K
NOI $30,658 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
442
Businesses Nearby
Explore this area
Business Placement
Demographics for 72114, AR
10,957
Population
6,733
Households
1.6
Avg Household Size
38
Median Age
19%
College-Educated
84%
High-School Grad
7.7 sq mi
ZIP Area
1,423
Density / Sq Mi
$28,594
Median Household Income
$27,564
Median Earnings
$781
Median Rent
$87,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Two three-bedroom residences offer open living areas, contemporary finishes, fenced yards, and spacious parking.
Where is this duplex located?
The property is located at 1524 Schaer Street North Little Rock, AR.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 2025 construction with an all‑brick exterior; 2,296 square feet on a 0.15‑acre lot; Duplex with 3 bedrooms and 2 full bathrooms per unit
