Two-Bedroom Residential Income
For Sale
$179,900
8 Kingsbridge Way, Little Rock, AR 72212
Residential, Traditional, Little Rock, AR
Property Size1,240 SF
Price / SF$145.08
Days on Market25
Property Features for 8 Kingsbridge Way
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 1, Bathroom 1, Laundry Room, Bathroom 2, Great Room
Parking features
Assigned
Patio and Porch features
Patio
Interior features
Washer Connection, Dryer Connection-Electric, Water Heater-Gas, Kit Counter- Granite Slab
Exterior features
Patio, Fully Fenced, Outside Storage Area, Wood Fence
Fencing
Wood, Full
Fireplace
1
Appliances
Electric Range, Dishwasher
Subdivision
KINGSBRIDGE TWNHSE
Lot features
Zero Lot Line, In Subdivision
Directions
From Pleasant Valley Blvd to Platte Valley into the Kingsbridge Condos. Take the first left and number 8 is on the right.
Standard status
Active
Size
1,240 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
Apt 8
Tax Annual Amount
1477
HOA Fee
$350 Monthly
Legal Description
Apt 8
Amenities
clubhouse
tennis courts
pool
Building Details
Year built
1974
Floors in Building
2
Flooring type
Wood, Vinyl, Carpet
Roof type
Composition
Architectural style
Other
Additional Structures
Storage
Listing Agency:
CBRPM Group · Coldwell Banker Real Estate
(501) 664-1775
Listed By:
Dorothy Willoughby
(501) 240-3900
Added: Sep 10
Changed: Sep 17
Last Checked: Oct 4 at 10:06PM
MLS# 26036908
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 1,240-square-foot condo offers two bedrooms and one-and-a-half baths within a layout centered on a great room with a fireplace. The dining area connects directly to the main living space, while the kitchen includes granite slab countertops, an electric range, and a dishwasher. LVP flooring and carpet are used throughout the residence, with a laundry room providing washer and electric dryer connections.
Both bedrooms open to a covered balcony. A fully fenced patio extends the outdoor area and includes a large storage closet. Additional features include assigned parking, a composition roof, and a gas water heater. Built in 1974, the property also provides access to community amenities including a clubhouse, tennis courts, and a pool. The residence is near restaurants, coffee shops, and grocery stores.
Both bedrooms open to a covered balcony. A fully fenced patio extends the outdoor area and includes a large storage closet. Additional features include assigned parking, a composition roof, and a gas water heater. Built in 1974, the property also provides access to community amenities including a clubhouse, tennis courts, and a pool. The residence is near restaurants, coffee shops, and grocery stores.
Key Highlights
- 1,240‑square‑foot condo with two bedrooms and one‑and‑a‑half baths
- Great room with fireplace and adjoining dining area
- Updated kitchen with granite slab countertops, electric range, and dishwasher
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
$10,022
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
5.57%
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%
$200,440
$200.4K
Cap Rate 7%
$143,171
$143.2K
Cap Rate 9%
$111,356
$111.4K
Market Conditions
NOI Build-Up for 1,240 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
$19.3K $15.60/SF
− Vacancy
−$1.1K −$0.90/SF
EGI
$18.2K $14.70/SF
− OpEx
−$8.2K −$6.61/SF
NOI
$10.0K $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%
$200,440
Cap Rate 7%
$143,171
Cap Rate 9%
$111,356
Alternative Uses
Best Use
Apartment 5plus
$143.2K
$125.3K – $167.0K
NOI $10,022 @ 7.0% cap · market cap 5.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$225.3K
$197.1K – $262.8K
NOI $15,768 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Condo with granite kitchen finishes, private outdoor areas, and access to a pool, clubhouse, and tennis courts.
Where is this residential income property located?
The property is located at 8 Kingsbridge Way 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: 1,240‑square‑foot condo with two bedrooms and one‑and‑a‑half baths; Great room with fireplace and adjoining dining area; Updated kitchen with granite slab countertops, electric range, and dishwasher
