Two-Unit Duplex with Hardwood
For Sale
$315,000
123 S Schiller St, Little Rock, AR 72205
Two-bedroom, one-bath units include a vacant upper residence and an occupied lower unit with existing tenants.
Property Size2,444 SF
Price / SF$128.89
Days on Market54
Property Features for 123 S Schiller St
General Information
Standard status
Active
Size
2,444 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
deck
Building Details
Year Built
1942
Buildings
1
Listing Agency:
Baxley-Penfield-Moudy Realtors
Listed By:
Amber Wood
(501) 444-2055
Source:
Midsouthar
Added: Aug 24
Changed: Oct 15
Last Checked: Oct 16 at 9:12AM
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 Baxley-Penfield-Moudy Realtors
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Investment Insights
Based on property information with market context.
Built in 1942, this duplex contains two residences, each with two bedrooms and one bathroom. The upper unit measures over 1,200 square feet and is vacant, freshly painted, professionally cleaned, and ready for occupancy. Hardwood flooring extends throughout the residence, while a refrigerator, washer, and dryer are included. A deck adds outdoor space to the upper unit.
The lower unit is occupied by tenants who have maintained the residence, providing an existing income-producing component. The property is located at 123 S Schiller Street in Little Rock’s Capital View area, with access to downtown Little Rock, Hillcrest, and nearby freeways. Its two-unit configuration supports either owner occupancy with a tenant in the other residence or continued rental use, as described in the property information.
The lower unit is occupied by tenants who have maintained the residence, providing an existing income-producing component. The property is located at 123 S Schiller Street in Little Rock’s Capital View area, with access to downtown Little Rock, Hillcrest, and nearby freeways. Its two-unit configuration supports either owner occupancy with a tenant in the other residence or continued rental use, as described in the property information.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- Upper unit measures over 1,200 square feet and is vacant
- Upper residence has been freshly painted and professionally cleaned
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,308
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,160
$446.2K
Cap Rate 7%
$318,686
$318.7K
Cap Rate 9%
$247,867
$247.9K
Market Conditions
NOI Build-Up for 2,444 SF
Gross rent
$33.7K $13.80/SF
− Vacancy
−$1.9K −$0.76/SF
EGI
$31.9K $13.04/SF
− OpEx
−$9.6K −$3.91/SF
NOI
$22.3K $9.13/SF
Area
Little Rock, AR
Vacancy
5.51%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,160
Cap Rate 7%
$318,686
Cap Rate 9%
$247,867
Alternative Uses
Best Use
Multifamily LT 5
$318.7K
$278.9K – $371.8K
NOI $22,308 @ 7.0% cap · market cap 7.08%
Second Best
Apartment 5plus
$282.2K
$246.9K – $329.2K
NOI $19,753 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$444.0K
$388.5K – $518.0K
NOI $31,079 @ 7.0% cap · market cap 9.87%
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
1,163
Businesses Nearby
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Business Placement
Demographics for 72205, AR
22,888
Population
12,187
Households
1.9
Avg Household Size
39
Median Age
54%
College-Educated
96%
High-School Grad
8.0 sq mi
ZIP Area
2,861
Density / Sq Mi
$62,888
Median Household Income
$50,948
Median Earnings
$1,110
Median Rent
$204,400
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-bedroom, one-bath units include a vacant upper residence and an occupied lower unit with existing tenants.
Where is this duplex located?
The property is located at 123 S Schiller St Little Rock, AR.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; Upper unit measures over 1,200 square feet and is vacant; Upper residence has been freshly painted and professionally cleaned
