Brand-New Duplex For
1603 Orange Street North Little Rock, AR 72114
1603 Orange Street, North Little Rock, AR, 72114
$289,900
For Sale
$289,900
MULTI_FAMILY - North Little Rock, AR
Property Size2,040 SF
Lot Size0.09 Acres
Price / SF$142.11
Days on Market31
Property Features for 1603 Orange Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bedroom 2, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 3, Bathroom 2, Bathroom 1
- Appliances
- Microwave, Electric Range, Dishwasher, Disposal, Ice Maker Connection, Microwave, Electric Range, Dishwasher, Disposal, Ice Maker Connection
- Standard status
- Active
- Size
- 2,040 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Description
- Lot 8 Block 30 North Argenta
- Tax Annual Amount
- 50
Building Details
- Year built
- 2026
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
Riverwalk Real Estate
(479) 530-5060
105 Elm St., Suite 216, Rogers, AR
Listed by
Cope Gracy
(479) 530-5060
Added: Jun 18 Checked: Jul 18 at 1:06 am
MLS# 26024660
Listing URL
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.
Brand-new construction duplex at 1603 Orange Street in North Little Rock, offering two separate residential units. Each unit is described as having a modern, functional floor plan with durable flooring, spacious living areas, contemporary kitchens, and comfortable bedrooms. The property is positioned for low-maintenance ownership, with updated materials throughout, and is estimated to be approximately 45 days from completion.
The duplex is located in North Little Rock, within proximity to downtown and the Argenta Arts District, as well as shopping, dining, schools, and major transportation routes. This placement can support tenants who want access to daily needs and convenient travel options.
For buyers, the layout supports flexible occupancy: you can live in one unit while leasing the other, or hold the duplex as a newly built income-producing property. With brand-new finishes and systems, it may appeal to investors and owner-occupants looking for a turnkey setup rather than a renovation project. Completion is near-term, allowing a straightforward path to move-in or planning for occupancy after delivery.
The duplex is located in North Little Rock, within proximity to downtown and the Argenta Arts District, as well as shopping, dining, schools, and major transportation routes. This placement can support tenants who want access to daily needs and convenient travel options.
For buyers, the layout supports flexible occupancy: you can live in one unit while leasing the other, or hold the duplex as a newly built income-producing property. With brand-new finishes and systems, it may appeal to investors and owner-occupants looking for a turnkey setup rather than a renovation project. Completion is near-term, allowing a straightforward path to move-in or planning for occupancy after delivery.
Key Highlights
- Brand‑new construction duplex with completion approx. 45 days from completion
- Year built 2026; under construction
- Each unit includes contemporary kitchen appliances: microwave, electric range, dishwasher, and disposal
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 | $26.2k | $12.84 |
| − Vacancy | −$1.7k | −$0.83 |
| EGI | $24.5k | $12.01 |
| − OpEx | −$7.3k | −$3.60 |
| NOI | $17.1k | $8.40 |
2,040 SF · lease $12.84/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$244.9K
$214.3K – $285.7K
NOI $17,144 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$219.2K
$191.8K – $255.8K
NOI $15,347 @ 7.0% cap · market cap 5.29%
Theoretical Best
Specialty Retail
$389.1K
$340.5K – $454.0K
NOI $27,239 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - New duplex with two units, suitable for owner-occupancy or rental income near North Little Rock amenities.
Where is this duplex located?
The property is located at 1603 Orange Street North Little Rock, AR.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Brand‑new construction duplex with completion approx. 45 days from completion; Year built 2026; under construction; Each unit includes contemporary kitchen appliances: microwave, electric range, dishwasher, and disposal
