Duplex with Porch and
For Sale
$260,000
128 Skyline Drive, North Little Rock, AR 72116
MULTI_FAMILY - North Little Rock, AR
Property Size1,647 SF
Lot Size0.23 Acres
Price / SF$157.86
Days on Market60
Property Features for 128 Skyline Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Patio and Porch features
Deck, Porch
Interior features
Washer Connection, Dryer Connection-Gas, Dryer Connection-Electric, Hot Water Heater-Gas
Exterior features
Deck, Porch
Appliances
Free-Standing Stove, Microwave, Refrigerator-Stays, Free-Standing Stove, Microwave, Refrigerator-Stays
Subdivision
Crest View
Lot features
Level, In Subdivision, Vista View
Directions
From JFK, make a right onto Skyline Drive.
Standard status
Active
Size
1,647 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
Lot 1, Block 4
Tax Annual Amount
3432
Legal Description
Lot 1, Block 4
Building Details
Year built
1924
Floors in Building
1
Number of units
2
Flooring type
Wood
Roof type
Composition
Architectural style
Bungalow
Listing Agency:
RE/MAX Properties · RE/MAX International
(501) 224-4111
Listed By:
Valentine Hansen · License #90655
(501) 960-4667
Added: Jun 13
Changed: Aug 2
Last Checked: Aug 11 at 7:06PM
MLS# 26023909
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.
Investment Insights
Based on property information with market context.
This duplex on Skyline Drive offers a simple two-unit setup with both sides currently vacant. The home features a bungalow architectural style, wood flooring, and a composition roof. Interior hookups include washer connection and dryer connections (gas and electric), along with a gas hot water heater. Exterior amenities include a deck and porch for outdoor use.
The property sits on a 0.23-acre lot with a total size of 1,647 square feet. Built in 1924, it may also appeal to buyers considering a residential conversion, depending on their plans.
The unit configuration and vacant condition make it straightforward to tour and evaluate in person.
The property sits on a 0.23-acre lot with a total size of 1,647 square feet. Built in 1924, it may also appeal to buyers considering a residential conversion, depending on their plans.
The unit configuration and vacant condition make it straightforward to tour and evaluate in person.
Key Highlights
- Both sides vacant, easy to show
- Duplex on 0.23 acres with deck and porch
- Total size of 1,647 square feet
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
$13,841
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
5.32%
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%
$276,820
$276.8K
Cap Rate 7%
$197,729
$197.7K
Cap Rate 9%
$153,789
$153.8K
Market Conditions
NOI Build-Up for 1,647 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
$21.1K $12.84/SF
− Vacancy
−$1.4K −$0.83/SF
EGI
$19.8K $12.01/SF
− OpEx
−$5.9K −$3.60/SF
NOI
$13.8K $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%
$276,820
Cap Rate 7%
$197,729
Cap Rate 9%
$153,789
Alternative Uses
Best Use
Multifamily LT 5
$197.7K
$173.0K – $230.7K
NOI $13,841 @ 7.0% cap · market cap 5.32%
Second Best
Apartment 5plus
$177.0K
$154.9K – $206.5K
NOI $12,390 @ 7.0% cap · market cap 4.77%
Theoretical Best
Specialty Retail
$314.2K
$274.9K – $366.5K
NOI $21,992 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
369
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex on 0.23 acres with deck and porch, both sides vacant, built in 1924.
Where is this duplex located?
The property is located at 128 Skyline Drive North Little Rock, AR.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Both sides vacant, easy to show; Duplex on 0.23 acres with deck and porch; Total size of 1,647 square feet
