Duplex with Fenced
New
For Sale
$235,000
320 Nebling Road, Little Rock, AR 72205
Multi-Family, Traditional, Little Rock, AR
Property Size2,218 SF
Lot Size0.24 Acres
Price / SF$105.95
Days on Market2
Property Features for 320 Nebling Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Carport
Interior features
Washer Connection
Exterior features
Partially Fenced, Outside Storage Area
Fencing
Partial
Appliances
Free-Standing Stove, Dishwasher, Disposal, Free-Standing Stove, Dishwasher, Disposal
Subdivision
Nebling Park
Lot features
Level, Not in Subdivision
Directions
320 Nebling
Standard status
Active
Size
2,218 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 5
Tax Annual Amount
2462
Legal Description
Lot 5
Amenities
fenced yard
Building Details
Year built
1982
Floors in Building
2
Number of units
2
Flooring type
Carpet - Full, Vinyl
Roof type
Composition
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Keller Williams Realty
(501) 907-5959
Listed By:
Kristen Honea-McCready
(501) 960-5353
Added: Sep 10
Last Checked: Sep 11 at 5:06AM
MLS# 26036951
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 2,218-square-foot duplex was built in 1982 and includes a townhome-style layout with two bedrooms and one bathroom upstairs. Interior features include washer connections, carpet and vinyl flooring, a free-standing stove, dishwasher, and disposal. The property also has a composition roof and an outside storage area.
Set on 0.24 acres, the property includes a partially fenced yard and carport parking. The address is 320 Nebling Road in Little Rock, Arkansas 72205.
Set on 0.24 acres, the property includes a partially fenced yard and carport parking. The address is 320 Nebling Road in Little Rock, Arkansas 72205.
Key Highlights
- 2,218‑square‑foot duplex on 0.24 acres
- Townhome layout with 2 bedrooms and 1 bathroom upstairs
- Built in 1982 with a composition roof
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
$20,245
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
8.61%
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%
$404,900
$404.9K
Cap Rate 7%
$289,214
$289.2K
Cap Rate 9%
$224,944
$224.9K
Market Conditions
NOI Build-Up for 2,218 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
$30.6K $13.80/SF
− Vacancy
−$1.7K −$0.76/SF
EGI
$28.9K $13.04/SF
− OpEx
−$8.7K −$3.91/SF
NOI
$20.2K $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%
$404,900
Cap Rate 7%
$289,214
Cap Rate 9%
$224,944
Alternative Uses
Best Use
Multifamily LT 5
$289.2K
$253.1K – $337.4K
NOI $20,245 @ 7.0% cap · market cap 8.61%
Second Best
Apartment 5plus
$256.1K
$224.1K – $298.8K
NOI $17,927 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$402.9K
$352.6K – $470.1K
NOI $28,205 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,864
Businesses Nearby
Explore this area
Business Placement
Demographics for 72205, AR
22,888
Population
12,187
Households
1.9
Avg Household Size
39
Median Age
54%
College-Educated
96%
High-School Grad
8.0 sq mi
ZIP Area
2,861
Density / Sq Mi
$62,888
Median Household Income
$50,948
Median Earnings
$1,110
Median Rent
$204,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Townhome-style duplex with residential income potential, storage, and covered parking.
Where is this duplex located?
The property is located at 320 Nebling Road Little Rock, AR.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 2,218‑square‑foot duplex on 0.24 acres; Townhome layout with 2 bedrooms and 1 bathroom upstairs; Built in 1982 with a composition roof
