Historic Duplex with Furnished
For Sale
$199,500
1612 Wright Road, Little Rock, AR 72206
MULTI_FAMILY - Little Rock, AR
Property Size1,368 SF
Lot Size0.34 Acres
Price / SF$145.83
Days on Market12
Property Features for 1612 Wright Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Garage
Patio and Porch features
Porch
Interior features
Washer Connection, Washer-Stays, Dryer Connection-Electric, Dryer-Stays, Hot Water Heater-Electric, Smoke Detector, Fan - Ceiling
Exterior features
Partially Fenced, Porch, Wood Fence
Fencing
Partial, Wood
Appliances
Free-Standing Stove, Microwave, Electric Range, Pantry, Refrigerator-Stays, Free-Standing Stove, Microwave, Electric Range, Pantry, Refrigerator-Stays
Subdivision
Metes & Bounds
Lot features
Level, Rural Property, Not in Subdivision
Directions
Go on east 30,south on 530 ...exit 138b, 2.4 miles, take the Dixon Rd, Exit 3, take a right on Wright Rd.
Standard status
Active
Size
1,368 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Description
Metes&Bounds
Tax Annual Amount
469
Legal Description
Metes&Bounds
Amenities
washer/dryer
front porch
Building Details
Year built
1900
Floors in Building
1
Number of units
2
Flooring type
Wood, Tile
Roof type
Composition
Architectural style
Other
Listing Agency:
Keller Williams Realty
(501) 907-5959
Listed By:
Stephanie Lopez
(501) 247-7775
Added: Aug 6
Changed: Aug 15
Last Checked: Aug 17 at 3:06AM
MLS# 26033405
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 1,368-square-foot duplex, built in 1900, contains two one-bedroom, one-bath units. The property has been renovated with new wiring and elevated ceilings, while wood and tile flooring add durable interior finishes. Each residence includes a washer and dryer, electric range, microwave, pantry, and refrigerator. The units are fully furnished and professionally decorated, with ceiling fans and electric water heaters. A front porch, partial wood fencing, and garage provide additional property features.
The property is located at 1612 Wright Road in Little Rock, near hospitals, restaurants, shopping, and everyday services. Both units are currently tenant occupied, and showings are available by appointment only.
The property is located at 1612 Wright Road in Little Rock, near hospitals, restaurants, shopping, and everyday services. Both units are currently tenant occupied, and showings are available by appointment only.
Key Highlights
- 1,368 SF duplex with two 1‑bedroom, 1‑bath units
- Built in 1900 with new wiring and raised ceilings
- Both units are fully furnished and professionally decorated
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
$12,487
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
6.26%
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%
$249,740
$249.7K
Cap Rate 7%
$178,386
$178.4K
Cap Rate 9%
$138,744
$138.7K
Market Conditions
NOI Build-Up for 1,368 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
$18.9K $13.80/SF
− Vacancy
−$1.0K −$0.76/SF
EGI
$17.8K $13.04/SF
− OpEx
−$5.4K −$3.91/SF
NOI
$12.5K $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%
$249,740
Cap Rate 7%
$178,386
Cap Rate 9%
$138,744
Alternative Uses
Best Use
Multifamily LT 5
$178.4K
$156.1K – $208.1K
NOI $12,487 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$158.0K
$138.2K – $184.3K
NOI $11,057 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$248.5K
$217.5K – $289.9K
NOI $17,396 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
Explore this area
Business Placement
Demographics for 72206, AR
22,974
Population
10,080
Households
2.3
Avg Household Size
43
Median Age
20%
College-Educated
87%
High-School Grad
111.6 sq mi
ZIP Area
206
Density / Sq Mi
$49,145
Median Household Income
$35,157
Median Earnings
$910
Median Rent
$132,100
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 - Two separate one-bedroom residences feature updated wiring, wood floors, porches, and in-unit laundry equipment.
Where is this duplex located?
The property is located at 1612 Wright Road Little Rock, AR.
What is the asking price?
The asking price for this property is $199,500.
What are key features of this property?
This property features: 1,368 SF duplex with two 1‑bedroom, 1‑bath units; Built in 1900 with new wiring and raised ceilings; Both units are fully furnished and professionally decorated
