Value-Add Duplex with Off-Street
124 S Woodrow Street Little Rock, AR 72205
For Sale
$200,000
Craftsman, Other - Little Rock, AR
Property Size1,872 SF
Lot Size0.16 Acres
Price / SF$106.84
Days on Market25
Property Features for 124 S Woodrow Street
General Information
- Property type
- Other
- Property subtype
- Duplex
- Zoning
- R4
- Standard status
- Active
- APN
- 34L-061-00-010-00
- Size
- 1,872 SF
- Lot size
- 0.16 Acres
Utilities
- Heating system
- Central, Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 1930
- Flooring type
- Tile, 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 1
Changed: Jul 22
Last Checked: Jul 25 at 12:06PM
MLS# 26025456
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.
124 S Woodrow Street is a two-unit duplex being sold as-is. The property includes off-street parking with a driveway and a dedicated two-car parking pad. A newer roof was installed in 2020, and one unit has already been partially improved with new windows and new Hardie siding; that unit is currently down to the studs and ready for the next phase of renovation.
Zoned R4, the second unit remains intact, offering flexibility for an investor seeking to lease with light cosmetic improvements or complete a full renovation. The partially completed unit provides the opportunity to finish work and bring both apartments to a consistent updated standard.
Overall, the property’s configuration supports continued rental use, with existing exterior improvements and at least one unit positioned for renovation completion under the buyer’s direction.
Zoned R4, the second unit remains intact, offering flexibility for an investor seeking to lease with light cosmetic improvements or complete a full renovation. The partially completed unit provides the opportunity to finish work and bring both apartments to a consistent updated standard.
Overall, the property’s configuration supports continued rental use, with existing exterior improvements and at least one unit positioned for renovation completion under the buyer’s direction.
Key Highlights
- Value‑add duplex on S Woodrow St with two units in Historic Capitol View
- Newer roof installed in 2020
- One unit already stripped to the studs after substantial renovation work
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 | $25.8k | $13.80 |
| − Vacancy | −$1.4k | −$0.76 |
| EGI | $24.4k | $13.04 |
| − OpEx | −$7.3k | −$3.91 |
| NOI | $17.1k | $9.13 |
1,872 SF · lease $13.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$244.1K
$213.6K – $284.8K
NOI $17,087 @ 7.0% cap · market cap 8.54%
Second Best
Apartment 5plus
$216.1K
$189.1K – $252.2K
NOI $15,130 @ 7.0% cap · market cap 7.56%
Theoretical Best
Office A
$340.1K
$297.6K – $396.8K
NOI $23,805 @ 7.0% cap · market cap 11.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-unit duplex in R4 zoning with off-street driveway parking and a newer roof installed in 2020.
Where is this duplex located?
The property is located at 124 S Woodrow Street Little Rock, AR.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Value‑add duplex on S Woodrow St with two units in Historic Capitol View; Newer roof installed in 2020; One unit already stripped to the studs after substantial renovation work
