Duplex with New
For Sale
$179,900
110 & 112 W I Avenue, North Little Rock, AR 72116
Two side-by-side residences offer matching bedroom and bath layouts with established occupancy on one side.
Property Size1,844 SF
Price / SF$97.56
Days on Market52
Property Features for 110 & 112 W I Avenue
General Information
Standard status
Active
Size
1,844 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,860
Building Details
Buildings
1
Listing Agency:
PorchLight Realty - NLR
(501) 476-3994
Listed By:
Alicia Averitt Haley
(501) 831-4009
Source:
Exprealty
Added: Aug 28
Changed: Oct 1
Last Checked: Oct 16 at 9:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PorchLight Realty - NLR
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Investment Insights
Based on property information with market context.
This 1,844-square-foot duplex contains two separate residences, each arranged with two bedrooms and one bathroom. Both units benefit from windows installed in 2020, and the property includes an occupied side with a long-term tenant and established rental history.
The property is located in North Little Rock with access to shopping, dining, interstate routes, and downtown. Its two-unit configuration provides separate living spaces within one residential income property.
The property is located in North Little Rock with access to shopping, dining, interstate routes, and downtown. Its two-unit configuration provides separate living spaces within one residential income property.
Key Highlights
- 1,844‑square‑foot duplex with two separate residences
- Each side includes 2 bedrooms and 1 bathroom
- Windows installed in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,497
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,940
$309.9K
Cap Rate 7%
$221,386
$221.4K
Cap Rate 9%
$172,189
$172.2K
Market Conditions
NOI Build-Up for 1,844 SF
Gross rent
$23.7K $12.84/SF
− Vacancy
−$1.5K −$0.83/SF
EGI
$22.1K $12.01/SF
− OpEx
−$6.6K −$3.60/SF
NOI
$15.5K $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 Rate 5%
$309,940
Cap Rate 7%
$221,386
Cap Rate 9%
$172,189
Alternative Uses
Best Use
Multifamily LT 5
$221.4K
$193.7K – $258.3K
NOI $15,497 @ 7.0% cap · market cap 8.61%
Second Best
Apartment 5plus
$198.2K
$173.4K – $231.2K
NOI $13,872 @ 7.0% cap · market cap 7.71%
Theoretical Best
Specialty Retail
$351.7K
$307.8K – $410.4K
NOI $24,622 @ 7.0% cap · market cap 13.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
601
Businesses Nearby
Explore this area
Business Placement
Demographics for 72116, AR
21,715
Population
10,556
Households
2.1
Avg Household Size
42
Median Age
42%
College-Educated
97%
High-School Grad
6.5 sq mi
ZIP Area
3,341
Density / Sq Mi
$75,490
Median Household Income
$46,256
Median Earnings
$1,058
Median Rent
$218,700
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
Frequently Asked Questions
What type of property is this?
Duplex - Two side-by-side residences offer matching bedroom and bath layouts with established occupancy on one side.
Where is this duplex located?
The property is located at 110 & 112 W I Avenue North 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: 1,844‑square‑foot duplex with two separate residences; Each side includes 2 bedrooms and 1 bathroom; Windows installed in 2020
