Two-Unit Duplex with Updated
110 & 112 W I Avenue #475, North Little Rock, AR 72116
For Sale
$179,900
Each residence offers a two-bedroom, one-bath layout, with one side occupied by a long-term tenant.
Property Size1,844 SF
Price / SF$97.56
Days on Market74
Property Features for 110 & 112 W I Avenue #475
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Tenant in Place
Building Details
Year Built
Listing Agency:
PorchLight Realty - NLR
(501) 476-3994
Listed By:
Alicia Averitt Haley
(501) 831-4009
Source:
Blairrealtors
Added: Aug 28
Changed: Nov 9
Last Checked: Nov 9 at 7:07AM
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, built in 1950, contains two residences, each configured with two bedrooms and one bathroom. Windows were replaced in 2020. One unit is occupied by a long-term tenant, and the property has established rental history.
The duplex is in Park Hill, North Little Rock, with access to shopping, dining, interstate routes, and downtown.
The duplex is in Park Hill, North Little Rock, with access to shopping, dining, interstate routes, and downtown.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,844 square feet; built in 1950
- 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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Lease Details
2
Residential units
Yes
Highway access
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
$218,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in North Little Rock, AR
Properties on Market for Duplexes in North Little Rock
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers a two-bedroom, one-bath layout, with one side occupied by a long-term tenant.
Where is this duplex located?
The property is located at 110 & 112 W I Avenue #475 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: Two residences, each with 2 bedrooms and 1 bathroom; 1,844 square feet; built in 1950; Windows installed in 2020
