Two-Unit Duplex Investment
For Sale
$219,900
1906 Brownwood Road, Little Rock, AR 72207
MULTI_FAMILY - Little Rock, AR
Property Size1,910 SF
Lot Size0.17 Acres
Price / SF$115.13
Days on Market57
Property Features for 1906 Brownwood Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Carport
Appliances
Free-Standing Stove, Dishwasher, Free-Standing Stove, Dishwasher
Subdivision
Metes & Bounds
Lot features
Sloped
Directions
From N University, turn left onto Cantrell Rd, turn right onto N Hughes St, turn left onto Kavanaugh Place, turn left onto Brownwood. Parking for the building is at the rear.
Standard status
Active
APN
43L2050100400
Size
1,910 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
STR: 36-2N-13W, L/B: 3/0
Tax Annual Amount
3725
Legal Description
STR: 36-2N-13W, L/B: 3/0
Building Details
Year built
1968
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Tile
Roof type
Composition
Architectural style
Other
Listing Agency:
Simpli HOM
(855) 856-9466
Listed By:
Troy Shelton · License #SA00083193
(931) 434-2462
Added: Jun 17
Changed: Aug 5
Last Checked: Aug 12 at 2:06AM
MLS# 26024405
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 well-maintained duplex at 1906 Brownwood Road features two separate 2-bedroom, 1-bath units. Both units are currently occupied and have functional layouts. Each unit includes rear carport parking, offering convenient off-street options for tenants.
The property is located in West Little Rock in the 72207 area, within minutes of Park Plaza Mall, UAMS, Baptist Health Medical Center, and the University of Arkansas at Little Rock. It is also close to restaurants, shopping, parks, and major employment centers, supporting steady day-to-day neighborhood demand.
For investors seeking a straightforward two-unit residential income asset, this property provides immediate occupancy with one lease expiring in June 2026 and the other through January 2027. Gross rental income is stated at $1,850 per month ($22,200 annually), and tenants pay all utilities, which can help reduce owner-paid operating expenses. A 48-hour notice is required for showings, and the property manager does not take showing requests on weekends.
The property is located in West Little Rock in the 72207 area, within minutes of Park Plaza Mall, UAMS, Baptist Health Medical Center, and the University of Arkansas at Little Rock. It is also close to restaurants, shopping, parks, and major employment centers, supporting steady day-to-day neighborhood demand.
For investors seeking a straightforward two-unit residential income asset, this property provides immediate occupancy with one lease expiring in June 2026 and the other through January 2027. Gross rental income is stated at $1,850 per month ($22,200 annually), and tenants pay all utilities, which can help reduce owner-paid operating expenses. A 48-hour notice is required for showings, and the property manager does not take showing requests on weekends.
Key Highlights
- Duplex built in 1968 with two 2‑bedroom, 1‑bath units
- Both units currently occupied, generating $1,850/month ($22,200/year) in gross rental income
- Lease terms: one expires June 2026 and the other runs through January 2027
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
$17,434
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
7.93%
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%
$348,680
$348.7K
Cap Rate 7%
$249,057
$249.1K
Cap Rate 9%
$193,711
$193.7K
Market Conditions
NOI Build-Up for 1,910 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
$26.4K $13.80/SF
− Vacancy
−$1.5K −$0.76/SF
EGI
$24.9K $13.04/SF
− OpEx
−$7.5K −$3.91/SF
NOI
$17.4K $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%
$348,680
Cap Rate 7%
$249,057
Cap Rate 9%
$193,711
Alternative Uses
Best Use
Multifamily LT 5
$249.1K
$217.9K – $290.6K
NOI $17,434 @ 7.0% cap · market cap 7.93%
Second Best
Apartment 5plus
$220.5K
$193.0K – $257.3K
NOI $15,437 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$347.0K
$303.6K – $404.8K
NOI $24,288 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
573
Businesses Nearby
Explore this area
Business Placement
Demographics for 72207, AR
11,036
Population
5,800
Households
1.9
Avg Household Size
40
Median Age
69%
College-Educated
98%
High-School Grad
3.8 sq mi
ZIP Area
2,904
Density / Sq Mi
$93,958
Median Household Income
$59,658
Median Earnings
$942
Median Rent
$384,800
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 - Well-maintained duplex with two 2-bedroom units and rear carport parking, fully occupied for ongoing rental income.
Where is this duplex located?
The property is located at 1906 Brownwood Road Little Rock, AR.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Duplex built in 1968 with two 2‑bedroom, 1‑bath units; Both units currently occupied, generating $1,850/month ($22,200/year) in gross rental income; Lease terms: one expires June 2026 and the other runs through January 2027
