Tenant-Occupied
For Sale
$189,900
125 & 127 Delmar Avenue #600, North Little Rock, AR 72116
Both residences are occupied, with access to area retail, restaurants, and major roads.
Property Size1,512 SF
Price / SF$125.60
Days on Market56
Property Features for 125 & 127 Delmar Avenue #600
General Information
Standard status
Active
Size
1,512 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Gross Income
$16,200
Multifamily Units
2
Tenant in Place
Yes
Building Details
Year Built
1945
Buildings
1
Tenancy
Multi
Listing Agency:
Dustin White Realty
Listed By:
JC Cox
(870) 686-3650
Source:
Dustinwhiterealty
Added: Sep 7
Changed: Oct 28
Last Checked: Nov 1 at 1:27AM
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 Dustin White Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-unit property at 125 and 127 Delmar Avenue contains 1,512 square feet and was built in 1945. A replacement roof was installed in 2025, and both units are currently occupied by tenants.
The property is in the Park Hill area of North Little Rock, with shopping, dining, and major thoroughfares accessible nearby.
The property is in the Park Hill area of North Little Rock, with shopping, dining, and major thoroughfares accessible nearby.
Key Highlights
- Two‑unit property with 1,512 square feet
- Both residences currently tenant occupied
- Roof installed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,707
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$254,140
$254.1K
Cap Rate 7%
$181,529
$181.5K
Cap Rate 9%
$141,189
$141.2K
Market Conditions
NOI Build-Up for 1,512 SF
Gross rent
$19.4K $12.84/SF
− Vacancy
−$1.3K −$0.83/SF
EGI
$18.2K $12.01/SF
− OpEx
−$5.4K −$3.60/SF
NOI
$12.7K $8.40/SF
Area
Pulaski County, AR
Vacancy
6.50%
Lease Rate
$12.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$254,140
Cap Rate 7%
$181,529
Cap Rate 9%
$141,189
Alternative Uses
Best Use
Multifamily LT 5
$181.5K
$158.8K – $211.8K
NOI $12,707 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$162.5K
$142.2K – $189.6K
NOI $11,374 @ 7.0% cap · market cap 5.99%
Theoretical Best
Specialty Retail
$288.4K
$252.4K – $336.5K
NOI $20,189 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
305
Businesses Nearby
Explore this area
Business Placement
Demographics for 72116, AR
21,715
Population
10,556
Households
2.1
Avg Household Size
42
Median Age
42%
College-Educated
97%
High-School Grad
6.5 sq mi
ZIP Area
3,341
Density / Sq Mi
$75,490
Median Household Income
$46,256
Median Earnings
$1,058
Median Rent
$218,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied, with access to area retail, restaurants, and major roads.
Where is this duplex located?
The property is located at 125 & 127 Delmar Avenue #600 North Little Rock, AR.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Two‑unit property with 1,512 square feet; Both residences currently tenant occupied; Roof installed in 2025
