Duplex With
For Sale
$199,900
9012 Tanya Dr, Little Rock, AR 72204
Multi-Family, Traditional, Little Rock, AR
Property Size2,072 SF
Lot Size0.23 Acres
Price / SF$96.48
Days on Market91
Property Features for 9012 Tanya Dr
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Carport
Interior features
Washer Connection, Dryer Connection-Electric, Smoke Detector
Appliances
Free-Standing Stove, Free-Standing Stove
Subdivision
Patriot Manor
Lot features
Level
Directions
Take John Barrow to Tanya
Standard status
Active
APN
44L-094-00-009-00
Size
2,072 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 9
Tax Annual Amount
2052
Legal Description
Lot 9
Building Details
Year built
1974
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Tile
Roof type
Composition
Architectural style
Other
Listing Agency:
CENTURY 21 Prestige Realty · Century 21 Real Estate
(501) 982-4574
Listed By:
John Belden Sr. · License #PB00068696
(501) 259-0555
Added: Jun 29
Changed: Sep 3
Last Checked: Sep 27 at 7:06PM
MLS# 26026920
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 duplex property contains 2,072 square feet on a 0.23-acre lot. Interior features include washer connections, electric dryer connections, smoke detectors, tile flooring, and vinyl flooring. A freestanding stove is included, and the property has a composition roof.
The site is at 9012 Tanya Dr in Little Rock, Arkansas, within ZIP code 72204. Parking is provided by a carport, and the home was built in 1974.
The site is at 9012 Tanya Dr in Little Rock, Arkansas, within ZIP code 72204. Parking is provided by a carport, and the home was built in 1974.
Key Highlights
- 2,072‑square‑foot duplex property
- 0.23‑acre lot at 9012 Tanya Dr, Little Rock, AR 72204
- Carport parking
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
$16,747
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
8.38%
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%
$334,940
$334.9K
Cap Rate 7%
$239,243
$239.2K
Cap Rate 9%
$186,078
$186.1K
Market Conditions
NOI Build-Up for 2,072 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
$32.3K $15.60/SF
− Vacancy
−$1.9K −$0.90/SF
EGI
$30.4K $14.70/SF
− OpEx
−$13.7K −$6.61/SF
NOI
$16.7K $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%
$334,940
Cap Rate 7%
$239,243
Cap Rate 9%
$186,078
Alternative Uses
Best Use
Multifamily LT 5
$270.2K
$236.4K – $315.2K
NOI $18,913 @ 7.0% cap · market cap 9.46%
Second Best
Apartment 5plus
$239.2K
$209.3K – $279.1K
NOI $16,747 @ 7.0% cap · market cap 8.38%
Theoretical Best
Office A
$376.4K
$329.4K – $439.1K
NOI $26,348 @ 7.0% cap · market cap 13.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
Explore this area
Business Placement
Demographics for 72204, AR
31,564
Population
14,570
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
89%
High-School Grad
15.2 sq mi
ZIP Area
2,077
Density / Sq Mi
$39,088
Median Household Income
$29,733
Median Earnings
$1,016
Median Rent
$117,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with tile and vinyl flooring, laundry connections, and a composition roof.
Where is this duplex located?
The property is located at 9012 Tanya Dr Little Rock, AR.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 2,072‑square‑foot duplex property; 0.23‑acre lot at 9012 Tanya Dr, Little Rock, AR 72204; Carport parking
