Tenant-Occupied
New
For Sale
$140,000
1001 W 33rd Street, Little Rock, AR 72206
Multi-Family, Bungalow/Cottage, Little Rock, AR
Property Size1,152 SF
Lot Size0.16 Acres
Price / SF$121.53
Days on Market2
Property Features for 1001 W 33rd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Patio and Porch features
Porch
Exterior features
Porch
Appliances
Free-Standing Stove, Free-Standing Stove
Subdivision
Woodlawn
Lot features
Level, In Subdivision
Directions
From I-630, take the Roosevelt Rd exit, head toward W 33rd St, then turn onto W 33rd St. Continue to 1001 W 33rd St; the property is located near the corner of W 33rd St. Public listing records also identify it as a duplex in the South End/Woodlawn area.
Standard status
Active
Size
1,152 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
LOT:6 BLK:2 SUBD:WOODLAWN SEC/
Tax Annual Amount
1125
Legal Description
LOT:6 BLK:2 SUBD:WOODLAWN SEC/
Building Details
Year built
1930
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Roof type
Composition
Architectural style
Bungalow
Listing Agency:
Exp Realty
(866) 720-5056
Listed By:
Cody Garrett
(501) 448-5454
Added: Sep 2
Last Checked: Sep 3 at 1:06PM
MLS# 26035838
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 1930 bungalow-style duplex contains two separate residential units within 1,152 square feet. Both units are currently leased, providing an occupied configuration for a new owner. The property includes porch features, vinyl flooring, free-standing stoves, and a composition roof. Set on 0.16 acres at 1001 W 33rd Street in Little Rock, the property is located in Pulaski County and carries a 72206 postal designation.
Key Highlights
- Two separate residential units in a duplex configuration
- Both units are currently leased
- 1,152 square feet of property space
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
$10,515
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
7.51%
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%
$210,300
$210.3K
Cap Rate 7%
$150,214
$150.2K
Cap Rate 9%
$116,833
$116.8K
Market Conditions
NOI Build-Up for 1,152 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
$15.9K $13.80/SF
− Vacancy
−$876 −$0.76/SF
EGI
$15.0K $13.04/SF
− OpEx
−$4.5K −$3.91/SF
NOI
$10.5K $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%
$210,300
Cap Rate 7%
$150,214
Cap Rate 9%
$116,833
Alternative Uses
Best Use
Multifamily LT 5
$150.2K
$131.4K – $175.3K
NOI $10,515 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$133.0K
$116.4K – $155.2K
NOI $9,311 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$209.3K
$183.1K – $244.2K
NOI $14,649 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
148
Businesses Nearby
Explore this area
Business Placement
Demographics for 72206, AR
22,974
Population
10,080
Households
2.3
Avg Household Size
43
Median Age
20%
College-Educated
87%
High-School Grad
111.6 sq mi
ZIP Area
206
Density / Sq Mi
$49,145
Median Household Income
$35,157
Median Earnings
$910
Median Rent
$132,100
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 - Both units are currently leased, with porch features and vinyl flooring.
Where is this duplex located?
The property is located at 1001 W 33rd Street Little Rock, AR.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: Two separate residential units in a duplex configuration; Both units are currently leased; 1,152 square feet of property space
