Duplex with Interior
114 & 116 W I Avenue #$785, North Little Rock, AR 72116
For Sale
$179,900
Two separate units offer a straightforward configuration for residential rental use.
Property Size1,748 SF
Price / SF$102.92
Days on Market74
Property Features for 114 & 116 W I Avenue #$785
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Multifamily Units
Building Details
Year Built
Listing Agency:
PorchLight Realty - NLR
(501) 476-3994
Listed By:
Alicia Averitt Haley
(501) 831-4009
Source:
Dustinwhiterealty
Added: Aug 31
Changed: Nov 11
Last Checked: Nov 11 at 7:53AM
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 1,748-square-foot duplex contains two separate units and was built in 1950. Property updates include HVAC, appliances, countertops, cabinets, and flooring.
The property is in Park Hill in North Little Rock, with access to shopping, dining, and interstate routes.
The property is in Park Hill in North Little Rock, with access to shopping, dining, and interstate routes.
Key Highlights
- Two separate units
- 1,748 square feet
- 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.
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Property Analytics
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Open Analytics
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 - Two separate units offer a straightforward configuration for residential rental use.
Where is this duplex located?
The property is located at 114 & 116 W I Avenue #$785 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 units; 1,748 square feet; Updates include HVAC, appliances, countertops, cabinets, and flooring
