Updated Residential Income
For Sale
$274,900
20 Kingsbridge Way, Little Rock, AR 72212
Residential, Townhouse, Little Rock, AR
Property Size1,664 SF
Price / SF$165.20
Days on Market78
Property Features for 20 Kingsbridge Way
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2
Fireplace
1
Appliances
Free-Standing Stove, Microwave, Electric Range, Dishwasher, Disposal
Subdivision
KINGSBRIDGE TWNHSE
Lot features
Level, In Subdivision
Directions
From Platte Valley turn onto Kingsbridge Way
Standard status
Active
APN
43L-080-00-020-00
Size
1,664 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 20
Tax Annual Amount
2322
HOA Fee
$350 Monthly
Legal Description
Lot 20
Amenities
clubhouse
swimming pool
tennis court
pickleball court
green spaces
covered patio
private fenced courtyard
fireplace
laundry
Building Details
Year built
1974
Floors in Building
2
Flooring type
Tile, Vinyl, Carpet
Roof type
Composition
Architectural style
Other
Listing Agency:
Keller Williams Realty
(501) 907-5959
Listed By:
Jay Coates · License #EB000081058
(501) 444-2172
Added: Jul 20
Changed: Sep 13
Last Checked: Oct 5 at 1:06AM
MLS# 26029381
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 1,664-square-foot Kingsbridge condo offers three bedrooms and two-and-a-half baths across two levels. The main floor includes a living room with a fireplace and built-in shelving, an updated kitchen with stainless steel appliances and substantial storage, a formal dining room, and a half bath. Upstairs are the primary suite with a renovated private bath, two additional bedrooms, a second full bath, and laundry. Tile, vinyl, and carpet flooring are used throughout, and the property has a composition roof.
Outdoor features include a covered patio and a private fenced courtyard, along with designated parking. Community amenities include a clubhouse, swimming pool, tennis courts, pickleball courts, and maintained green spaces. The condo was built in 1974 and is located in Little Rock near shopping, dining, and entertainment.
Outdoor features include a covered patio and a private fenced courtyard, along with designated parking. Community amenities include a clubhouse, swimming pool, tennis courts, pickleball courts, and maintained green spaces. The condo was built in 1974 and is located in Little Rock near shopping, dining, and entertainment.
Key Highlights
- 1,664‑square‑foot condo with three bedrooms and two‑and‑a‑half baths
- Updated kitchen with stainless steel appliances and added storage
- Primary suite includes a renovated private bathroom
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
$13,449
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
4.89%
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%
$268,980
$269.0K
Cap Rate 7%
$192,129
$192.1K
Cap Rate 9%
$149,433
$149.4K
Market Conditions
NOI Build-Up for 1,664 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
$26.0K $15.60/SF
− Vacancy
−$1.5K −$0.90/SF
EGI
$24.5K $14.70/SF
− OpEx
−$11.0K −$6.61/SF
NOI
$13.4K $8.08/SF
Area
Little Rock, AR
Vacancy
5.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
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%
$268,980
Cap Rate 7%
$192,129
Cap Rate 9%
$149,433
Alternative Uses
Best Use
Apartment 5plus
$192.1K
$168.1K – $224.2K
NOI $13,449 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$302.3K
$264.5K – $352.7K
NOI $21,160 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
Explore this area
Business Placement
Demographics for 72212, AR
12,612
Population
5,469
Households
2.3
Avg Household Size
43
Median Age
72%
College-Educated
98%
High-School Grad
6.1 sq mi
ZIP Area
2,068
Density / Sq Mi
$116,310
Median Household Income
$66,158
Median Earnings
$1,089
Median Rent
$341,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom condo with renovated interiors, private outdoor space, and shared recreational amenities.
Where is this residential income property located?
The property is located at 20 Kingsbridge Way Little Rock, AR.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: 1,664‑square‑foot condo with three bedrooms and two‑and‑a‑half baths; Updated kitchen with stainless steel appliances and added storage; Primary suite includes a renovated private bathroom
