Updated Duplex Near Interstate
For Sale
$179,900
114 W I Ave, North Little Rock, AR 72116
Two-unit property with refreshed mechanicals, finishes, appliances, and cabinetry in North Little Rock.
Property Size1,748 SF
Price / SF$102.92
Days on Market48
Property Features for 114 W I Ave
General Information
Standard status
Active
Size
1,748 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1950
Listing Agency:
Century 21 Parker & Scroggins Realty - Sheridan
Listed By:
Patriot Company Real Estate
(479) 439-1933
Source:
Patriotcompany
Added: Sep 1
Changed: Oct 16
Last Checked: Oct 16 at 9:07AM
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 Century 21 Parker & Scroggins Realty - Sheridan
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Investment Insights
Based on property information with market context.
Built in 1950, this duplex contains two separate units at 114 and 116 W. I Avenue in North Little Rock. Recent updates include HVAC systems, appliances, countertops, cabinets, and flooring, providing a refreshed foundation for continued residential use.
The property is located in the Park Hill area with access to nearby shopping, dining, and interstate routes. Its two-unit configuration supports separate occupancy within an established North Little Rock neighborhood.
The property is located in the Park Hill area with access to nearby shopping, dining, and interstate routes. Its two-unit configuration supports separate occupancy within an established North Little Rock neighborhood.
Key Highlights
- Two separate residential units at 114 and 116 W. I Avenue
- Updates include HVAC, appliances, countertops, cabinets, and flooring
- Built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,690
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,800
$293.8K
Cap Rate 7%
$209,857
$209.9K
Cap Rate 9%
$163,222
$163.2K
Market Conditions
NOI Build-Up for 1,748 SF
Gross rent
$22.4K $12.84/SF
− Vacancy
−$1.5K −$0.83/SF
EGI
$21.0K $12.01/SF
− OpEx
−$6.3K −$3.60/SF
NOI
$14.7K $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%
$293,800
Cap Rate 7%
$209,857
Cap Rate 9%
$163,222
Alternative Uses
Best Use
Multifamily LT 5
$209.9K
$183.6K – $244.8K
NOI $14,690 @ 7.0% cap · market cap 8.17%
Second Best
Apartment 5plus
$187.9K
$164.4K – $219.2K
NOI $13,150 @ 7.0% cap · market cap 7.31%
Theoretical Best
Specialty Retail
$333.4K
$291.8K – $389.0K
NOI $23,340 @ 7.0% cap · market cap 12.97%
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
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with refreshed mechanicals, finishes, appliances, and cabinetry in North Little Rock.
Where is this duplex located?
The property is located at 114 W I Ave 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 separate residential units at 114 and 116 W. I Avenue; Updates include HVAC, appliances, countertops, cabinets, and flooring; Built in 1950
