Tenant-Occupied Duplex with New
For Sale
$189,900
125 Delmar Ave, North Little Rock, AR 72116
Two-unit residential income property with both units occupied and a roof replacement completed in 2025.
Property Size1,512 SF
Price / SF$125.60
Days on Market12
Property Features for 125 Delmar Ave
General Information
Standard status
Active
Size
1,512 SF
Property subtype
Multi-Family
Occupancy
100%
Financials
Gross Income
$16,200
Average Monthly Rent
$675
Additional Details
Multifamily Units
2
Building Details
Year Built
1945
Listing Agency:
Bottoms Farm & Home Realty
Listed By:
Amber Wood
(501) 444-2055
Source:
Midsouthar
Added: Sep 9
Changed: Sep 19
Last Checked: Sep 19 at 9:32AM
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 Bottoms Farm & Home Realty
Investment Insights
Based on property information with market context.
This duplex contains two residential units totaling 1,512 square feet. Both units are currently tenant occupied, providing an existing income-producing configuration for a buyer seeking a residential rental property. The roof was replaced in 2025, adding a recent improvement to the property.
Built in 1945, the property is located at 125 and 127 Delmar Avenue in North Little Rock’s Park Hill area. Its setting provides access to shopping, dining, and major thoroughfares.
Built in 1945, the property is located at 125 and 127 Delmar Avenue in North Little Rock’s Park Hill area. Its setting provides access to shopping, dining, and major thoroughfares.
Key Highlights
- Two‑unit duplex at 125 and 127 Delmar Avenue
- 1,512 SF total property size
- Roof replaced in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,707
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential income property with both units occupied and a roof replacement completed in 2025.
Where is this duplex located?
The property is located at 125 Delmar Ave 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 at 125 and 127 Delmar Avenue; 1,512 SF total property size; Roof replaced in 2025
