Renovated Duplex with
For Sale
$215,000
301 E 19th Street, North Little Rock, AR 72114
MULTI_FAMILY - North Little Rock, AR
Property Size1,632 SF
Lot Size0.16 Acres
Price / SF$131.74
Days on Market51
Property Features for 301 E 19th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Exterior features
Storage Building
Appliances
Free-Standing Stove, Electric Range, Dishwasher, Disposal, Pantry, Free-Standing Stove, Electric Range, Dishwasher, Disposal, Pantry
Subdivision
North Argenta
Lot features
Level
Elementary school
Seventh Street
Middle school
NORTH LITTLE ROCK
High school
North Little Rock High School
Directions
From I-30N in NLR, Exit 130 to Locust St. Left on 19th St. property on the right.
Standard status
Active
APN
33N2110049200
Size
1,632 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
Lot 7, Block 59
Tax Annual Amount
1327
Legal Description
Lot 7, Block 59
Building Details
Year built
1985
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Roof type
Shingle
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Keller Williams Realty
(501) 907-5959
Listed By:
Langston Carr
(501) 773-7154
Added: Jun 23
Changed: Jul 16
Last Checked: Aug 12 at 3:06AM
MLS# 26025404
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.
Freshly renovated duplex in North Little Rock featuring updated LVP flooring throughout, granite countertops, and stainless steel appliances. Each side mirrors the other, with spacious room layouts designed for comfortable day-to-day living. The property includes multiple parking spaces and is currently tenant occupied. Seller financing is available.
Current rents total $1,500 per month, and the existing leases expire in August before converting to month-to-month. A third-party rent analysis cited in the remarks indicates potential market rents of approximately $934+ per unit (about $1,868 total per month), and buyers should conduct their own due diligence regarding market rents and lease terms. The property is located at 301 E 19th Street, North Little Rock, AR 72114, and is described as within walking distance of Downtown Argenta. Video walk-through is available upon request, and agents should review remarks for showing availability.
Current rents total $1,500 per month, and the existing leases expire in August before converting to month-to-month. A third-party rent analysis cited in the remarks indicates potential market rents of approximately $934+ per unit (about $1,868 total per month), and buyers should conduct their own due diligence regarding market rents and lease terms. The property is located at 301 E 19th Street, North Little Rock, AR 72114, and is described as within walking distance of Downtown Argenta. Video walk-through is available upon request, and agents should review remarks for showing availability.
Key Highlights
- Freshly renovated duplex built in 1985 with each side mirroring the other
- Updated interior finishes including LVP flooring, granite countertops, and stainless steel appliances
- Current total rent is $1,500/month; seller financing is available
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
$13,715
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
6.38%
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%
$274,300
$274.3K
Cap Rate 7%
$195,929
$195.9K
Cap Rate 9%
$152,389
$152.4K
Market Conditions
NOI Build-Up for 1,632 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
$21.0K $12.84/SF
− Vacancy
−$1.4K −$0.83/SF
EGI
$19.6K $12.01/SF
− OpEx
−$5.9K −$3.60/SF
NOI
$13.7K $8.40/SF
Area
Pulaski County, AR
Vacancy
6.50%
Lease Rate
$12.84 /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%
$274,300
Cap Rate 7%
$195,929
Cap Rate 9%
$152,389
Alternative Uses
Best Use
Multifamily LT 5
$195.9K
$171.4K – $228.6K
NOI $13,715 @ 7.0% cap · market cap 6.38%
Second Best
Apartment 5plus
$175.4K
$153.5K – $204.6K
NOI $12,277 @ 7.0% cap · market cap 5.71%
Theoretical Best
Specialty Retail
$311.3K
$272.4K – $363.2K
NOI $21,791 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
500
Businesses Nearby
Explore this area
Business Placement
Demographics for 72114, AR
10,957
Population
6,733
Households
1.6
Avg Household Size
38
Median Age
19%
College-Educated
84%
High-School Grad
7.7 sq mi
ZIP Area
1,423
Density / Sq Mi
$28,594
Median Household Income
$27,564
Median Earnings
$781
Median Rent
$87,900
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 - Freshly renovated duplex with updated LVP, granite counters, and stainless appliances; tenant-occupied and leased to August.
Where is this duplex located?
The property is located at 301 E 19th Street North Little Rock, AR.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Freshly renovated duplex built in 1985 with each side mirroring the other; Updated interior finishes including LVP flooring, granite countertops, and stainless steel appliances; Current total rent is $1,500/month; seller financing is available
