Historic Craftsman
For Sale
$315,000
123 S Schiller Street, Little Rock, AR 72205
Multi-Family, Craftsman, Little Rock, AR
Property Size2,444 SF
Lot Size0.13 Acres
Price / SF$128.89
Days on Market96
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
Subdivision
Plunkett 2nd
Lot features
Sloped, Level
Directions
From 3rd Street bend of W Markham, turn north onto N Summit. Turn left onto 2nd. Property is on corner of 2nd St & Schiller
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
Legal Description
LOT 6 BLOCK 5
Amenities
deck
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 · Engel & Völkers
(501) 663-6000
Listed By:
Ryan Stephens
(501) 551-2430
Added: Jul 20
Changed: Sep 12
Last Checked: Oct 23 at 10:06AM
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.
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Investment Insights
Based on property information with market context.
Built in 1942, this Craftsman duplex contains two residential units, each arranged with two bedrooms and one bathroom. The property totals 2,444 square feet on a 0.13-acre lot. The upper residence measures a little over 1,200 square feet and is vacant, with fresh paint, professional cleaning, wood flooring, a refrigerator, washer, dryer, and deck. The lower unit is occupied by tenants.
Located at 123 S Schiller Street in Little Rock’s Capital View area, the property is minutes from downtown Little Rock and Hillcrest, with freeway access nearby. Interior features include gas and electric dryer connections, a gas water heater, and smoke detectors. The roof is shingle, while flooring includes wood and concrete.
Located at 123 S Schiller Street in Little Rock’s Capital View area, the property is minutes from downtown Little Rock and Hillcrest, with freeway access nearby. Interior features include gas and electric dryer connections, a gas water heater, and smoke detectors. The roof is shingle, while flooring includes wood and concrete.
Key Highlights
- 2,444‑square‑foot duplex on a 0.13‑acre lot
- Built in 1942 with Craftsman architectural styling
- Two units, each with 2 bedrooms and 1 bathroom
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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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,052
Businesses Nearby
Explore this area
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom units, one vacant and refreshed, with appliances and a deck 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: 2,444‑square‑foot duplex on a 0.13‑acre lot; Built in 1942 with Craftsman architectural styling; Two units, each with 2 bedrooms and 1 bathroom
