Three-Bedroom Condominium with
For Sale
Under Contract
$307,000
2112 Hinson Road, Little Rock, AR 72212
Residential, Traditional, Little Rock, AR
Property Size2,559 SF
Price / SF$119.97
Days on Market79
Property Features for 2112 Hinson Road
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Den, Bathroom 2, Bedroom 3, Bathroom 1, Bathroom 3, Bedroom 1
Parking features
Garage
Patio and Porch features
Patio
Interior features
Washer Connection, Dryer Connection-Electric, Water Heater-Gas, Window Treatments, Walk-In Closet(s), Built-Ins, Ceiling Fan(s), Walk-in Shower, Kit Counter- Granite Slab
Exterior features
Patio, Guttering, Lawn Sprinkler
Fireplace
1
Appliances
Free-Standing Stove, Microwave, Electric Range, Surface Range, Dishwasher, Disposal, Pantry, Refrigerator-Stays
Subdivision
POINT PLEASANT HPR
Lot features
Level, In Subdivision
Directions
Rodney Parham to Hinson Road. Point Pleasant is located just past Hillsborough neighborhood on the left.
Standard status
Active Under Contract
Size
2,559 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 12
Tax Annual Amount
3584
HOA Fee
$450 Monthly
Legal Description
Lot 12
Building Details
Year built
1984
Floors in Building
2
Flooring type
Carpet, Tile, Wood
Roof type
Composition
Architectural style
Other
Listing Agency:
Janet Jones Company
(501) 224-3201
Listed By:
Donna Dailey
(501) 993-6200
Added: Jun 3
Changed: Aug 19
Last Checked: Aug 20 at 2:06PM
MLS# 26022387
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 2,559-square-foot condominium offers a flexible two-level layout with three bedrooms and three full baths. The main level includes two bedrooms, two baths, a living room with vaulted ceiling, fireplace, wet bar, and access to the formal dining room. A separate den with built-ins adds another gathering space, while the kitchen features granite countertops, an island with breakfast bar, painted cabinetry, and abundant natural light. The upper-level suite includes a bedroom, full bath, and private office.
A private courtyard provides outdoor space, complemented by a patio, lawn sprinkler system, and guttering. Interior details include wood flooring, crown molding, walk-in closets, a laundry room, and extensive storage. The property also has a garage and was built in 1984. POA dues cover exterior insurance, water, termite service, grounds maintenance, and exterior upkeep. The estate property is being sold as-is, and the water heater is not functioning properly. Located at 2112 Hinson Road in Little Rock’s Point Pleasant community, near shopping, dining, and everyday amenities.
A private courtyard provides outdoor space, complemented by a patio, lawn sprinkler system, and guttering. Interior details include wood flooring, crown molding, walk-in closets, a laundry room, and extensive storage. The property also has a garage and was built in 1984. POA dues cover exterior insurance, water, termite service, grounds maintenance, and exterior upkeep. The estate property is being sold as-is, and the water heater is not functioning properly. Located at 2112 Hinson Road in Little Rock’s Point Pleasant community, near shopping, dining, and everyday amenities.
Key Highlights
- 2,559‑square‑foot condominium with three bedrooms and three full baths
- Private courtyard, patio, lawn sprinkler system, and guttering
- Living room with vaulted ceiling, fireplace, wet bar, and formal dining connection
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
$20,683
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
6.74%
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%
$413,660
$413.7K
Cap Rate 7%
$295,471
$295.5K
Cap Rate 9%
$229,811
$229.8K
Market Conditions
NOI Build-Up for 2,559 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
$39.9K $15.60/SF
− Vacancy
−$2.3K −$0.90/SF
EGI
$37.6K $14.70/SF
− OpEx
−$16.9K −$6.61/SF
NOI
$20.7K $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%
$413,660
Cap Rate 7%
$295,471
Cap Rate 9%
$229,811
Alternative Uses
Best Use
Apartment 5plus
$295.5K
$258.5K – $344.7K
NOI $20,683 @ 7.0% cap · market cap 6.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$464.9K
$406.8K – $542.4K
NOI $32,541 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
92
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Custom two-level residence with flexible living areas, a private outdoor retreat, and a two-car garage.
Where is this residential income property located?
The property is located at 2112 Hinson Road Little Rock, AR.
What is the asking price?
The asking price for this property is $307,000.
What are key features of this property?
This property features: 2,559‑square‑foot condominium with three bedrooms and three full baths; Private courtyard, patio, lawn sprinkler system, and guttering; Living room with vaulted ceiling, fireplace, wet bar, and formal dining connection
