Leased Duplex with
New
For Sale
$162,000
4812 /4814 Lynn Ln, North Little Rock, AR 72118
Two electric units offer one- and two-bedroom layouts with open-plan interiors and existing long-term occupancy.
Property Size692 SF
Price / SF$234.10
Days on Market5
Property Features for 4812 /4814 Lynn Ln
General Information
Standard status
Active
Size
692 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Year Built
1963
Tenancy
Multi
Listing Agency:
Eleven 11 Company
Listed By:
Nina DuBois
(501) 349-2383
Source:
Signaturearkansas
Added: Sep 11
Last Checked: Sep 14 at 1:44PM
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 Eleven 11 Company
Investment Insights
Based on property information with market context.
This duplex at 4812/4814 Lynn Ln includes two residential units configured with one-bedroom and two-bedroom layouts. Both residences feature open floor plans, carports, and all-electric systems. The property was built in 1963.
Both units are currently leased to long-term tenants, providing established occupancy. The property is located in North Little Rock, Arkansas, with local transportation opportunities nearby.
Both units are currently leased to long-term tenants, providing established occupancy. The property is located in North Little Rock, Arkansas, with local transportation opportunities nearby.
Key Highlights
- Duplex with one‑bedroom and two‑bedroom units
- Both units leased to long‑term tenants
- Open floor plans in both residences
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
$5,815
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
3.59%
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%
$116,300
$116.3K
Cap Rate 7%
$83,071
$83.1K
Cap Rate 9%
$64,611
$64.6K
Market Conditions
NOI Build-Up for 692 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
$8.9K $12.84/SF
− Vacancy
−$578 −$0.83/SF
EGI
$8.3K $12.01/SF
− OpEx
−$2.5K −$3.60/SF
NOI
$5.8K $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%
$116,300
Cap Rate 7%
$83,071
Cap Rate 9%
$64,611
Alternative Uses
Best Use
Multifamily LT 5
$83.1K
$72.7K – $96.9K
NOI $5,815 @ 7.0% cap · market cap 3.59%
Second Best
Apartment 5plus
$74.4K
$65.1K – $86.8K
NOI $5,206 @ 7.0% cap · market cap 3.21%
Theoretical Best
Specialty Retail
$132.0K
$115.5K – $154.0K
NOI $9,240 @ 7.0% cap · market cap 5.70%
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
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
241
Businesses Nearby
Explore this area
Business Placement
Demographics for 72118, AR
22,582
Population
10,823
Households
2.1
Avg Household Size
37
Median Age
20%
College-Educated
88%
High-School Grad
27.6 sq mi
ZIP Area
818
Density / Sq Mi
$47,266
Median Household Income
$35,608
Median Earnings
$978
Median Rent
$115,900
Median Home Value
Check the figures for this property
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 electric units offer one- and two-bedroom layouts with open-plan interiors and existing long-term occupancy.
Where is this duplex located?
The property is located at 4812 /4814 Lynn Ln North Little Rock, AR.
What is the asking price?
The asking price for this property is $162,000.
What are key features of this property?
This property features: Duplex with one‑bedroom and two‑bedroom units; Both units leased to long‑term tenants; Open floor plans in both residences
