Tenant-Occupied
For Sale
$145,000
2104 Virginia Drive, North Little Rock, AR 72118
Both units are occupied, with an existing lease and weekday showings available by 24-hour notice.
Property Size1,740 SF
Price / SF$83.33
Days on Market24
Property Features for 2104 Virginia Drive
General Information
Standard status
Active
Size
1,740 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
2
Listing Agency:
River Rock Realty Company
(501) 353-2504
Listed By:
Jamie Hoffman
(501) 232-8964
Source:
Heilesassociatesrealtors
Added: Sep 13
Changed: Sep 29
Last Checked: Oct 5 at 6:31PM
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 River Rock Realty Company
Investment Insights
Based on property information with market context.
Located at 2104 Virginia Drive in North Little Rock, this 1,740-square-foot duplex contains two residential units. Both units are currently tenant occupied, and a lease is in place.
The property is near Burns Park and offers access to interstate routes, shopping, and dining. Showings require 24-hour notice and are limited to Monday through Friday. No seller property disclosure is available. Offers must acknowledge the existing lease and acceptance of its terms.
The property is near Burns Park and offers access to interstate routes, shopping, and dining. Showings require 24-hour notice and are limited to Monday through Friday. No seller property disclosure is available. Offers must acknowledge the existing lease and acceptance of its terms.
Key Highlights
- 1,740‑square‑foot duplex at 2104 Virginia Drive, North Little Rock, AR 72118
- Two units are currently tenant occupied
- Lease in place; offers must acknowledge and accept the lease terms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,090
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$261,800
$261.8K
Cap Rate 7%
$187,000
$187.0K
Cap Rate 9%
$145,444
$145.4K
Market Conditions
NOI Build-Up for 1,740 SF
Gross rent
$25.3K $14.52/SF
− Vacancy
−$1.5K −$0.84/SF
EGI
$23.8K $13.68/SF
− OpEx
−$10.7K −$6.16/SF
NOI
$13.1K $7.52/SF
Area
Pulaski County, AR
Vacancy
5.80%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$261,800
Cap Rate 7%
$187,000
Cap Rate 9%
$145,444
Alternative Uses
Best Use
Multifamily LT 5
$208.9K
$182.8K – $243.7K
NOI $14,623 @ 7.0% cap · market cap 10.08%
Second Best
Apartment 5plus
$187.0K
$163.6K – $218.2K
NOI $13,090 @ 7.0% cap · market cap 9.03%
Theoretical Best
Specialty Retail
$331.9K
$290.4K – $387.2K
NOI $23,233 @ 7.0% cap · market cap 16.02%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
217
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Both units are occupied, with an existing lease and weekday showings available by 24-hour notice.
Where is this duplex located?
The property is located at 2104 Virginia Drive North Little Rock, AR.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: 1,740‑square‑foot duplex at 2104 Virginia Drive, North Little Rock, AR 72118; Two units are currently tenant occupied; Lease in place; offers must acknowledge and accept the lease terms
