Historic Duplex with Two 2BR
123 S Schiller Street Little Rock, AR 72205
New
123 S Schiller Street, Little Rock, AR, 72205
$315,000
For Sale
$315,000
Craftsman, Other - 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
- Other
- Property subtype
- Duplex
- Zoning
- PCD
- Appliances
- Cooktop, Dishwasher, Dryer, Garbage Disposer, Refrigerator, Washer
- Standard status
- Active
- APN
- 34L-038-00-047-00
- Size
- 2,444 SF
- Lot size
- 0.13 Acres
Utilities
- Heating system
- Central, Natural Gas
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 1942
- Flooring type
- Concrete, Wood
- Roof type
- Shingle
- Architectural style
- Craftsman
Listing agency
Engel & Völkers Little Rock
(501) 663-6000
Listed by
Ryan Stephens
(501) 663-6000
Added: Jul 20 Updated: Jul 21 at 3:02AM Checked: Jul 21 at 1:06PM
MLS# 26029410
Copyright © 2026 Engel & Völkers. 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.
Located at 123 S Schiller Street in Little Rock, this historic duplex is tucked into Capital View, with access to downtown Little Rock, Hillcrest, and nearby freeway routes. The property is zoned PCD.
The duplex provides two spacious 2 bed, 1 bath units. The upstairs unit is vacant and described as move-in ready, including freshly painted interiors and professional cleaning. The home also features hardwood floors, with natural light described as running room to room, and a deck for outdoor space.
Households and investors will be looking at a turnkey mix of occupancy: the downstairs unit is currently tenant-occupied, and the remarks indicate an established rental history. For the upstairs unit, the listing notes that the refrigerator, washer, and dryer are included.
The duplex provides two spacious 2 bed, 1 bath units. The upstairs unit is vacant and described as move-in ready, including freshly painted interiors and professional cleaning. The home also features hardwood floors, with natural light described as running room to room, and a deck for outdoor space.
Households and investors will be looking at a turnkey mix of occupancy: the downstairs unit is currently tenant-occupied, and the remarks indicate an established rental history. For the upstairs unit, the listing notes that the refrigerator, washer, and dryer are included.
Key Highlights
- Historic craftsman duplex built in 1942 with shingle roof
- 2‑unit property with two 2 bed, 1 bath units
- Upstairs unit is vacant and a little over 1,200 sq ft
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
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FAQs
What type of property is this?
Duplex - Historic duplex offering two 2 bed, 1 bath units, with the upstairs unit vacant and move-in ready.
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 shingle roof; 2‑unit property with two 2 bed, 1 bath units; Upstairs unit is vacant and a little over 1,200 sq ft
