Tenant-Occupied Duplex with New
For Sale
$189,900
125 & 127 Delmar Avenue, North Little Rock, AR 72116
Multi-Family, Traditional, North Little Rock, AR
Property Size1,512 SF
Lot Size0.28 Acres
Price / SF$125.60
Days on Market55
Property Features for 125 & 127 Delmar Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1
Parking features
Carport
Patio and Porch features
Porch
Exterior features
Porch
Appliances
Free-Standing Stove, Free-Standing Stove
Subdivision
Park Hill
Lot features
Down Slope, In Subdivision, Level, River/ Lake Area, Sloped
Directions
JFK Blvd. to A street east that turns in to Skyline, left on Delmar.
Standard status
Active
Size
1,512 SF
Lot size
0.28 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
On file
Tax Annual Amount
1704
Legal Description
On file
Building Details
Year built
1945
Floors in Building
1
Number of units
2
Flooring type
Carpet - Partial, Wood
Roof type
Composition
Architectural style
Other
Listing Agency:
PorchLight Realty - NLR
(501) 476-3994
Listed By:
Alicia Averitt Haley
(501) 831-4009
Added: Sep 7
Changed: Oct 30
Last Checked: Oct 31 at 2:06AM
MLS# 26036471
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.
This duplex contains 1,512 square feet across two residences on a 0.28-acre parcel. Built in 1945, the property includes porches, carport parking, free-standing stoves, wood flooring, and partial carpet. A composition roof was installed in 2025, providing a recent major improvement to the building.
The property is located at 125 & 127 Delmar Avenue in North Little Rock’s established Park Hill area, with access to shopping, dining, and major thoroughfares. Both units are currently tenant occupied, offering an existing residential income configuration for an owner or investor.
The property is located at 125 & 127 Delmar Avenue in North Little Rock’s established Park Hill area, with access to shopping, dining, and major thoroughfares. Both units are currently tenant occupied, offering an existing residential income configuration for an owner or investor.
Key Highlights
- Two‑unit duplex with 1,512 square feet of building area
- New composition roof installed in 2025
- Both units currently tenant occupied
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
Location Intelligence
Trade Area within ½ mile
305
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both units are occupied and include carport parking, porches, and a mix of wood and partial carpet flooring.
Where is this duplex located?
The property is located at 125 & 127 Delmar Avenue 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 duplex with 1,512 square feet of building area; New composition roof installed in 2025; Both units currently tenant occupied
