Two-Bedroom Residential Income
New
For Sale
$136,000
12154 Rainwood #54 Road, Little Rock, AR 72212
Residential, Traditional, Little Rock, AR
Property Size1,022 SF
Price / SF$133.07
Days on Market6
Property Features for 12154 Rainwood #54 Road
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1
Parking features
Assigned
Patio and Porch features
Deck
Interior features
Washer Connection, Dryer Connection-Electric, Water Heater-Electric
Exterior features
Deck, Outside Storage Area
Fireplace
1
Appliances
Electric Range, Dishwasher, Refrigerator-Stays
Subdivision
PLEASANTWOOD CONDOS
Lot features
Level, In Subdivision
Directions
In the Pleasant Woods condo complex at 12100 Rainwood Rd. (Don't let the 12154 address mislead) Travel north on Napa Valley Rd toward Hinson. Turn right onto Hinson Loop Rd. Pleasant Woods Condos are on your left. #54 is in Building 6.
Standard status
Active
Size
1,022 SF
Taxes and HOA fees
Tax Description
Lot 27
Tax Annual Amount
972
HOA Fee
$200 Monthly
Legal Description
Lot 27
Amenities
pool
deck
fireplace
Building Details
Year built
1980
Floors in Building
1
Flooring type
Tile, Laminate, Wood
Roof type
Composition
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Big Little Brokerage
(501) 358-1059
Listed By:
Erin Tripcony
(501) 766-7700
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 17 at 1:06AM
MLS# 26041306
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,022-square-foot upper-level condo was built in 1980 and has two bedrooms, two bathrooms, and a combined living and dining area. A fireplace sits between two large windows, and storage is available inside and in an exterior storage area. The deck overlooks the community pool.
Interior features include electric washer and dryer connections, an electric water heater, laminate, tile and wood flooring, and an electric range, dishwasher, and refrigerator. Assigned parking is provided. The property is near highway access and shopping in West Little Rock.
Interior features include electric washer and dryer connections, an electric water heater, laminate, tile and wood flooring, and an electric range, dishwasher, and refrigerator. Assigned parking is provided. The property is near highway access and shopping in West Little Rock.
Key Highlights
- 1,022‑square‑foot upper‑level condo with two bedrooms and two bathrooms
- Deck overlooking the community pool
- Fireplace flanked by two large windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,260
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$165,200
$165.2K
Cap Rate 7%
$118,000
$118.0K
Cap Rate 9%
$91,778
$91.8K
Market Conditions
NOI Build-Up for 1,022 SF
Gross rent
$15.9K $15.60/SF
− Vacancy
−$925 −$0.90/SF
EGI
$15.0K $14.70/SF
− OpEx
−$6.8K −$6.61/SF
NOI
$8.3K $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%
$165,200
Cap Rate 7%
$118,000
Cap Rate 9%
$91,778
Alternative Uses
Best Use
Apartment 5plus
$118.0K
$103.3K – $137.7K
NOI $8,260 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$185.7K
$162.5K – $216.6K
NOI $12,996 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,250
Businesses Nearby
Explore this area
Business Placement
Demographics for 72212, AR
12,612
Population
5,469
Households
2.3
Avg Household Size
43
Median Age
72%
College-Educated
98%
High-School Grad
6.1 sq mi
ZIP Area
2,068
Density / Sq Mi
$116,310
Median Household Income
$66,158
Median Earnings
$1,089
Median Rent
$341,400
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Upper-level condo includes a private deck, fireplace, and combined living and dining area.
Where is this residential income property located?
The property is located at 12154 Rainwood #54 Road Little Rock, AR.
What is the asking price?
The asking price for this property is $136,000.
What are key features of this property?
This property features: 1,022‑square‑foot upper‑level condo with two bedrooms and two bathrooms; Deck overlooking the community pool; Fireplace flanked by two large windows
