Updated Duplex with
For Sale
Under Contract
$179,900
114 & 116 W I Avenue, North Little Rock, AR 72116
Multi-Family, Ranch, North Little Rock, AR
Property Size1,748 SF
Lot Size0.18 Acres
Price / SF$102.92
Days on Market48
Property Features for 114 & 116 W I Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 4
Parking features
Carport
Appliances
Free-Standing Stove, Free-Standing Stove
Subdivision
Park Hill
Lot features
Level
Directions
JFK Blvd. to west on I Ave.
Standard status
Active Under Contract
Size
1,748 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Description
Lot 16C, Block 51
Tax Annual Amount
1763
Legal Description
Lot 16C, Block 51
Building Details
Year built
1950
Floors in Building
1
Number of units
2
Flooring type
Wood
Roof type
Composition
Architectural style
Ranch
Listing Agency:
PorchLight Realty - NLR
(501) 476-3994
Listed By:
Alicia Averitt Haley
(501) 831-4009
Added: Aug 31
Changed: Oct 13
Last Checked: Oct 17 at 4:06AM
MLS# 26035528
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.
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Investment Insights
Based on property information with market context.
This ranch-style duplex contains two separate residential units within 1,748 square feet. Property improvements include HVAC systems, appliances, countertops, cabinets, and wood flooring. Each unit includes a bathroom, and the property also offers carport parking.
Built in 1950 on a 0.18-acre lot, the property is located at 114 & 116 W I Avenue in North Little Rock. Its Park Hill setting provides access to nearby shopping, dining, and interstate routes.
Built in 1950 on a 0.18-acre lot, the property is located at 114 & 116 W I Avenue in North Little Rock. Its Park Hill setting provides access to nearby shopping, dining, and interstate routes.
Key Highlights
- Two separate residential units at 114 & 116 W I Avenue
- 1,748 square feet on a 0.18‑acre lot
- Updates include HVAC, appliances, countertops, cabinets, and flooring
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
569
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 ranch property with updated HVAC, appliances, countertops, cabinets, and flooring.
Where is this duplex located?
The property is located at 114 & 116 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: Two separate residential units at 114 & 116 W I Avenue; 1,748 square feet on a 0.18‑acre lot; Updates include HVAC, appliances, countertops, cabinets, and flooring
