Historic Duplex with
123 S Schiller Street Little Rock, AR 72205
New
123 S Schiller Street, Little Rock, AR, 72205
$315,000
For Sale
$315,000
MULTI_FAMILY - Little Rock, AR
Property Size2,444 SF
Lot Size0.13 Acres
Price / SF$128.89
Days on Market2
Property Features for 123 S Schiller Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Interior features
- Washer Connection, Washer-Stays, Dryer Connection-Gas, Dryer Connection-Electric, Dryer-Stays, Hot Water Heater-Gas, Smoke Detector
- Appliances
- Built-In Stove, Dishwasher, Disposal, Refrigerator-Stays, Built-In Stove, Dishwasher, Disposal, Refrigerator-Stays
- Standard status
- Active
- APN
- 34L-038-00-047-00
- Size
- 2,444 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 6 BLOCK 5
- Tax Annual Amount
- 3821
Building Details
- Year built
- 1942
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Wood, Concrete
- Roof type
- Shingle
- Architectural style
- Craftsman
Listing agency
Engel & Volkers
(501) 663-6000
Listed by
Ryan Stephens
(501) 551-2430
Added: Jul 20 Checked: Jul 21 at 9:06AM
MLS# 26029410
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.
Investment Insights
Based on property information with market context.
This historic duplex offers two spacious residential units, with both configurations set up as 2 bedrooms and 1 bathroom. The upstairs unit is vacant and described as move-in ready, with fresh paint and professional cleaning already completed. It is finished with hardwood flooring and includes a deck for outdoor space. The listing also notes that the refrigerator, washer, and dryer are included.
Located in Capital View, the property is positioned minutes from downtown Little Rock and Hillcrest, with instant freeway access noted in the remarks.
The property sits on a 0.13-acre lot and totals 2,444 square feet. The downstairs unit is tenant-occupied, and the listing describes the duplex as income-producing.
Located in Capital View, the property is positioned minutes from downtown Little Rock and Hillcrest, with instant freeway access noted in the remarks.
The property sits on a 0.13-acre lot and totals 2,444 square feet. The downstairs unit is tenant-occupied, and the listing describes the duplex as income-producing.
Key Highlights
- Historic Craftsman duplex built in 1942 with a shingle roof
- 2 units, each with 2 bedrooms and 1 bathroom
- Upstairs unit is vacant and is a little over 1,200 SF
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.7k | $13.80 |
| − Vacancy | −$1.9k | −$0.76 |
| EGI | $31.9k | $13.04 |
| − OpEx | −$9.6k | −$3.91 |
| NOI | $22.3k | $9.13 |
2,444 SF · lease $13.80/SF/yr · vacancy 5.51% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two 2-bedroom, 1-bath units; upstairs is vacant and move-in ready with appliances included.
Where is this duplex located?
The property is located at 123 S Schiller Street 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: Historic Craftsman duplex built in 1942 with a shingle roof; 2 units, each with 2 bedrooms and 1 bathroom; Upstairs unit is vacant and is a little over 1,200 SF
