Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Two-Unit Duplex with Private Carports Title is generated by Realmo AI

    205 / 207 W J Avenue, North Little Rock, AR 72116

    View on Map
    Claim this Listing
    New
    For Sale
    $179,900

    MULTI_FAMILY - North Little Rock, AR

    Property size:
    1,782 SF
    Lot size:
    0.15 Acres
    Price / SF:
    $100/SF
    Added:
    Jun 2, 2026
    Days on Market:
    7
    Last Refresh:
    Jun 8 at 9:06 am

    Property Features for 205 / 207 W J Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Carport
    Interior features
    Washer Connection, Dryer Connection-Electric
    Appliances
    Free-Standing Stove, Gas Range, Disposal, Free-Standing Stove, Gas Range, Disposal
    Standard status
    Active
    APN
    33N0180708000
    Size
    1,782 SF
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    STR: 23-2N-12W, L/B: 16/53
    Tax Annual Amount
    1634

    Building Details

    Year built
    1955
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Laminate, Tile, Vinyl
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Troy Shelton

    Listing agent Troy Shelton License #SA00083193

    Listing office Simpli HOM 321 Maple St, Room 106, North Little Rock, AR

    Listing date Jun 2, 2026

    MLS# 26022124 Listing URL

    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.

    HighLights

    • Duplex with two 2‑bedroom, 1‑bath units in North Little Rock
    • One unit is currently vacant, with the other unit leased at $745/month through 3/31/2027
    • Each unit has its own private carport for covered parking
    • Year built: 1955; roof type: composition
    • Washer connection and electric dryer connection available
    • Interior flooring includes laminate, tile, and vinyl

    Overview

    This well-maintained duplex includes two separate 2-bedroom, 1-bath units, with each unit having its own private carport for covered parking. One unit is currently vacant, providing flexibility for an owner-occupant or for a tenant-ready setup upon move-in. The other unit is occupied and leased through 3/31/2027.

    The property is located at 205/207 W J Avenue in North Little Rock, AR 72116, in the Park Hill area as described in the listing remarks. The NLR School District serves students, including Ridgeroad Elementary, Lakewood Middle School, and NLR High School.

    For buyers looking for owner-occupant flexibility, the vacant unit supports an easy plan to live on one side while the other unit provides rental income. For investors, the current lease in place through 3/31/2027 can offer continuity while a new tenant is secured for the vacant side. This duplex is positioned as a practical residential income property in North Little Rock, with covered parking for both units.

    Local 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 $22.9k $12.84
    − Vacancy −$1.5k −$0.83
    EGI $21.4k $12.01
    − OpEx −$6.4k −$3.60
    NOI $15.0k $8.40
    1,782 SF · lease $12.84/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $213.9K
    $187.2K – $249.6K (±1% cap)
    NOI $14,976 @ 7.0% cap · market cap 8.32%
    Second Best
    Apartment 5plus
    $191.5K
    $167.6K – $223.4K (±1% cap)
    NOI $13,406 @ 7.0% cap · market cap 7.45%
    Theoretical Best
    Specialty Retail
    $339.9K
    $297.4K – $396.6K (±1% cap)
    NOI $23,794 @ 7.0% cap · market cap 13.23%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.261304
    Latitude
    34.793151

    Nearby Similar for Sale

    • $995,000
      8,328 SF

      Turnkey Event Center and Venue

      Historic property ideal for events, B&B, or office space.
      2005 N Main Street, North Little Rock, AR 72116
      View Details
    • $499,900
      4,468 SF

      North Little Rock Multi-Family Property

      Multi-family property in North Little Rock, Arkansas.
      10800 Frenchmen Loop, North Little Rock, AR 72113-7163
      View Details
    • $530,000
      12,200 SF

      North Little Rock Commercial Property

      High-visibility corner lot with strong income potential.
      3621 Camp Robinson Rd, North Little Rock, AR 72118
      View Details
    • $100,000
      1,904 SF

      Updated Duplex For Sale

      Recently updated, dual vacant units with luxury vinyl plank and in-unit washer/dryer connections.
      4511 & 4513 Atkins Street, North Little Rock, AR 72117
      View Details
    • $210,000
      2,610 SF

      Updated Duplexes in Developing Area

      Two updated duplexes, great investment opportunity near downtown Little Rock.
      2804 Lincoln Avenue, North Little Rock, AR 72114
      View Details
    • $250,000
      2,154 SF

      North Little Rock Restaurant Opportunity

      Fully built-out restaurant suitable for various concepts with ample parking.
      4707 E Broadway Street, North Little Rock, AR 72117
      View Details
    • $279,900
      4,000 SF

      North Little Rock Trailer Park

      Small trailer park with house and mobile homes.
      6604-6615 Fitts Road, North Little Rock, AR 72118
      View Details
    • $359,900
      2,296 SF

      All-Brick New Construction Duplex

      New construction duplex with two self-contained units, each offering three bedrooms and fenced outdoor space.
      1524 Schaer Street, North Little Rock, AR 72114
      View Details
    • $130,000
      1,035 SF

      Two-Unit Duplex with Off-Street Parking

      Duplex with one month-to-month rental and one vacant unit, each with garage and off-street parking.
      421 Sierra Madre Drive, North Little Rock, AR 72118
      View Details
    • $175,000
      2,025 SF

      North Little Rock Multifamily Investment

      Three units, rehabbed, investment opportunity in North Little Rock.
      303-305 Short Street, North Little Rock, AR 72117
      View Details
    • $350,000
      24,807 SF

      North Little Rock Hotel Opportunity

      52-unit hotel in a high-demand North Little Rock location.
      5711 Pritchard Drive, North Little Rock, AR 72117-3443
      View Details
    • $128,998
      1,711 SF

      Income Duplex with Detached ADU

      Two separately metered rental units, including a detached ADU, offering an investor-friendly setup with existing tenant occupancy.
      1507 N Willow Street, North Little Rock, AR 72114
      View Details

    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex with two 2-bedroom, 1-bath units, including a vacant side and private covered parking.
    Where is this duplex located?
    The property is located at 205 / 207 W J Avenue North Little Rock, AR.
    What is the asking price?
    The asking price for this property is $179,900.
    What are key features of this property?
    This property features: Duplex with two 2‑bedroom, 1‑bath units in North Little Rock; One unit is currently vacant, with the other unit leased at $745/month through 3/31/2027; Each unit has its own private carport for covered parking
    (931) 434-2462
    We can help!
    Listing Contact
    Troy Shelton
    Real Estate License ID: SA00083193
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    205 / 207 W J Avenue, North Little Rock, AR 72116
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!