1524 Schaer Street, North Little Rock, AR 72114
MULTI_FAMILY - North Little Rock, AR
- Added:
- Apr 3, 2026
- Days on Market:
- 95
- Last Refresh:
- Jul 6 at 8:06 am
Property Features for 1524 Schaer Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Appliances
- Dishwasher, Dishwasher
- Standard status
- Active
- APN
- 33N-257-00-173-00
- Size
- 2,296 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 16/11
- Tax Annual Amount
- 33
Building Details
- Year built
- 2025
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl
- Roof type
- Composition
- Architectural style
- Other
Listing agent Tara Helgestad (501) 515-0904
Listing office Lotus Realty 501 Dupree Drive, Little Rock, AR (501) 515-0904
Listing date Apr 3, 2026
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.
HighLights
- New Construction Duplex: Offers modern living and minimal maintenance.
- Income Potential: Provides immediate rental income opportunity.
- All Brick Construction: Durable and aesthetically appealing.
- Spacious Units: Each unit has 3 bedrooms and 2 full bathrooms.
- Modern Features: Includes granite countertops, tankless water heater, and stylish finishes.
- Fenced Yards and Spacious Parking: Enhances privacy and convenience.
Overview
The property is located at 1524 Schaer Street in North Little Rock, Arkansas (Pulaski County). The lot is described as 0.15 acres.
Designed for owner-occupants and investors seeking residential rental housing, the duplex setup offers independent unit living while keeping management straightforward compared with larger multi-family buildings. With two units built to the same modern standard, it may appeal to tenants looking for three-bedroom layouts and enclosed yard space, while providing an income-oriented residential structure for a buyer.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.5k | $12.84 |
| − Vacancy | −$1.9k | −$0.83 |
| EGI | $27.6k | $12.01 |
| − OpEx | −$8.3k | −$3.60 |
| NOI | $19.3k | $8.40 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- North Little Rock
- County
- Pulaski
- State
- Arkansas
- Longitude
- -92.277287
- Latitude
- 34.769679
