Two-Bedroom Duplex with Covered
For Sale
Under Contract
$319,600
26 Driftwood Lane, Little Rock, AR 72223
CONDOS - Little Rock, AR
Property Size1,455 SF
Lot Size0.11 Acres
Price / SF$219.66
Days on Market108
Property Features for 26 Driftwood Lane
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Laundry Room, Bathroom 2, Bedroom 1, Bathroom 1
Parking features
Garage
Patio and Porch features
Porch, Patio
Interior features
Washer Connection, Dryer Connection-Electric, Walk-In Closet(s), Walk-in Shower, Breakfast Bar, Kit Counter-Quartz
Exterior features
Patio, Porch, Guttering
Fireplace
1
Appliances
Microwave, Gas Range, Dishwasher, Pantry
Subdivision
Edgewood Phase I
Lot features
Sloped, Level, In Subdivision
Directions
Heading West on Kanis from Bowman, turn left onto Cooper Orbit Road, make first left into Edgewood Community.
Standard status
Active Under Contract
Size
1,455 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
Lot 237
HOA Fee
$1,500 Annually
Legal Description
Lot 237
Amenities
fireplace
covered patio
Building Details
Year built
2025
Floors in Building
1
Flooring type
Tile, Vinyl, Carpet
Roof type
Shingle
Architectural style
Other
Listing Agency:
The Property Group
(501) 663-0505
Listed By:
Kristin McKenzie
(501) 590-4242
Added: Apr 27
Changed: Aug 2
Last Checked: Aug 12 at 9:06AM
MLS# 26016757
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 newly built attached duplex is designed for low-maintenance living, offering two bedrooms and two bathrooms. Inside, you’ll find an open-concept layout with a cozy fireplace in the living area and a kitchen featuring quartz countertops, custom cabinetry, and stainless steel appliances. Flooring includes vinyl, tile, and carpet, and the home includes washer and dryer connections (electric) plus a walk-in closet and a tiled walk-in shower in the primary suite.
Outside, enjoy a private covered patio along with porch and guttering features. Parking and storage are supported by an attached two-car garage. The property sits on a 0.11-acre lot and is listed at 1,455 square feet.
Year built is 2025, with completion set for March 2026. Interior and appliance details include a breakfast bar and an electric gas range, dishwasher, microwave, and pantry storage.
Outside, enjoy a private covered patio along with porch and guttering features. Parking and storage are supported by an attached two-car garage. The property sits on a 0.11-acre lot and is listed at 1,455 square feet.
Year built is 2025, with completion set for March 2026. Interior and appliance details include a breakfast bar and an electric gas range, dishwasher, microwave, and pantry storage.
Key Highlights
- Attached two‑bedroom, two‑bath duplex designed for low‑maintenance living
- Covered patio plus porch and guttering
- Kitchen with quartz countertops, custom cabinetry, and stainless steel appliances
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
$13,281
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
4.16%
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%
$265,620
$265.6K
Cap Rate 7%
$189,729
$189.7K
Cap Rate 9%
$147,567
$147.6K
Market Conditions
NOI Build-Up for 1,455 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
$20.1K $13.80/SF
− Vacancy
−$1.1K −$0.76/SF
EGI
$19.0K $13.04/SF
− OpEx
−$5.7K −$3.91/SF
NOI
$13.3K $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%
$265,620
Cap Rate 7%
$189,729
Cap Rate 9%
$147,567
Alternative Uses
Best Use
Multifamily LT 5
$189.7K
$166.0K – $221.4K
NOI $13,281 @ 7.0% cap · market cap 4.16%
Second Best
Apartment 5plus
$168.0K
$147.0K – $196.0K
NOI $11,760 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$264.3K
$231.3K – $308.4K
NOI $18,502 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Explore this area
Business Placement
Demographics for 72223, AR
25,465
Population
12,279
Households
2.1
Avg Household Size
41
Median Age
66%
College-Educated
98%
High-School Grad
48.5 sq mi
ZIP Area
525
Density / Sq Mi
$99,063
Median Household Income
$62,227
Median Earnings
$1,242
Median Rent
$435,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Newly built attached duplex with two bedrooms, two baths, a covered patio, and a two-car garage.
Where is this duplex located?
The property is located at 26 Driftwood Lane Little Rock, AR.
What is the asking price?
The asking price for this property is $319,600.
What are key features of this property?
This property features: Attached two‑bedroom, two‑bath duplex designed for low‑maintenance living; Covered patio plus porch and guttering; Kitchen with quartz countertops, custom cabinetry, and stainless steel appliances
