Two-Bedroom Condominium End
For Sale
$135,000
1201 N Pierce Apt. 49, Little Rock, AR 72207
Residential, Traditional, Little Rock, AR
Property Size1,062 SF
Price / SF$127.12
Days on Market9
Property Features for 1201 N Pierce Apt. 49
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Den, Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 2
Patio and Porch features
Deck
Interior features
Washer Connection, Dryer Connection-Electric, Water Heater-Electric, Built-Ins, Ceiling Fan(s)
Exterior features
Deck, Outside Storage Area
Fireplace
1
Appliances
Built-In Stove, Microwave, Electric Range, Disposal, Refrigerator-Stays
Subdivision
Forest Hills HPR
Lot features
Level, In Subdivision
Directions
University to East on Evergreen. Turn Left on Evergreen. Pass first entrance into Forest Hills and turn right at the stop sign. Take your immediate right into the next set of townhomes and then right again. Condo is bottom one at the end. #49
Standard status
Active
Size
1,062 SF
Taxes and HOA fees
Tax Description
Lot 49
Tax Annual Amount
1752
HOA Fee
$300 Monthly
Legal Description
Lot 49
Building Details
Year built
1979
Floors in Building
1
Flooring type
Vinyl
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Big Little Brokerage
(501) 358-1059
Listed By:
Erin Tripcony
(501) 766-7700
Added: Oct 9
Changed: Oct 16
Last Checked: Oct 17 at 7:06AM
MLS# 26041095
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 1,062-square-foot, ground-level end-unit condominium was built in 1979 and has two bedrooms, two full bathrooms, and a den. The living area includes a fireplace and large windows facing a wooded view. Two balconies extend the space outdoors, with a storage closet on one of them. The kitchen has a pass-through opening to the living area, and the primary bedroom includes dual closets and a built-in dressing area.
The condo association covers water, sewer, and garbage. The property is near Midtown, shops, I-630, and hospitals.
The condo association covers water, sewer, and garbage. The property is near Midtown, shops, I-630, and hospitals.
Key Highlights
- Ground‑level end unit with 1,062 square feet
- Two bedrooms, two full bathrooms, and a den
- Two balconies; one includes an outdoor storage closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,583
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$171,660
$171.7K
Cap Rate 7%
$122,614
$122.6K
Cap Rate 9%
$95,367
$95.4K
Market Conditions
NOI Build-Up for 1,062 SF
Gross rent
$16.6K $15.60/SF
− Vacancy
−$961 −$0.90/SF
EGI
$15.6K $14.70/SF
− OpEx
−$7.0K −$6.61/SF
NOI
$8.6K $8.08/SF
Area
Little Rock, AR
Vacancy
5.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$171,660
Cap Rate 7%
$122,614
Cap Rate 9%
$95,367
Alternative Uses
Best Use
Apartment 5plus
$122.6K
$107.3K – $143.1K
NOI $8,583 @ 7.0% cap · market cap 6.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$192.9K
$168.8K – $225.1K
NOI $13,505 @ 7.0% cap · market cap 10.00%
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
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,045
Businesses Nearby
Explore this area
Business Placement
Demographics for 72207, AR
11,036
Population
5,800
Households
1.9
Avg Household Size
40
Median Age
69%
College-Educated
98%
High-School Grad
3.8 sq mi
ZIP Area
2,904
Density / Sq Mi
$93,958
Median Household Income
$59,658
Median Earnings
$942
Median Rent
$384,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - Ground-level residence with two balconies, a fireplace, and wooded outlooks.
Where is this residential income property located?
The property is located at 1201 N Pierce Apt. 49 Little Rock, AR.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: Ground‑level end unit with 1,062 square feet; Two bedrooms, two full bathrooms, and a den; Two balconies; one includes an outdoor storage closet
