Furnished Two-Unit
For Sale
$199,500
1612 Wright Road, Little Rock, AR 72206
Fully furnished duplex with updated wiring, raised ceilings, refinished hardwoods, and laundry appliances in both units.
Property Size1,368 SF
Price / SF$145.83
Days on Market54
Property Features for 1612 Wright Road
General Information
Standard status
Active
Size
1,368 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Furnished
Yes
Amenities
washer/dryer
front porch
porch swing
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Baxley-Penfield-Moudy Realtors
Listed By:
Amber Wood
(501) 444-2055
Source:
Midsouthar
Added: Aug 24
Changed: Oct 15
Last Checked: Oct 16 at 9:16AM
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 Baxley-Penfield-Moudy Realtors
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Investment Insights
Based on property information with market context.
This 1,368-square-foot duplex includes two one-bedroom, one-bath units. The property is offered fully furnished, with a washer and dryer serving each side. Interior improvements include new wiring, raised ceilings, and refinished hardwood floors. A front porch with a porch swing adds outdoor amenity space. The property is tenant occupied and available for appointments only. Located at 1612 Wright Rd in Little Rock, the duplex is minutes from hospitals, restaurants, shopping, and everyday conveniences.
Key Highlights
- 1,368‑square‑foot duplex with two one‑bedroom, one‑bath units
- Fully furnished property with laundry appliances on each side
- New wiring, raised ceilings, and refinished hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,487
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,740
$249.7K
Cap Rate 7%
$178,386
$178.4K
Cap Rate 9%
$138,744
$138.7K
Market Conditions
NOI Build-Up for 1,368 SF
Gross rent
$18.9K $13.80/SF
− Vacancy
−$1.0K −$0.76/SF
EGI
$17.8K $13.04/SF
− OpEx
−$5.4K −$3.91/SF
NOI
$12.5K $9.13/SF
Area
Little Rock, AR
Vacancy
5.51%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,740
Cap Rate 7%
$178,386
Cap Rate 9%
$138,744
Alternative Uses
Best Use
Multifamily LT 5
$178.4K
$156.1K – $208.1K
NOI $12,487 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$158.0K
$138.2K – $184.3K
NOI $11,057 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$248.5K
$217.5K – $289.9K
NOI $17,396 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
Explore this area
Business Placement
Demographics for 72206, AR
22,974
Population
10,080
Households
2.3
Avg Household Size
43
Median Age
20%
College-Educated
87%
High-School Grad
111.6 sq mi
ZIP Area
206
Density / Sq Mi
$49,145
Median Household Income
$35,157
Median Earnings
$910
Median Rent
$132,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Fully furnished duplex with updated wiring, raised ceilings, refinished hardwoods, and laundry appliances in both units.
Where is this duplex located?
The property is located at 1612 Wright Road Little Rock, AR.
What is the asking price?
The asking price for this property is $199,500.
What are key features of this property?
This property features: 1,368‑square‑foot duplex with two one‑bedroom, one‑bath units; Fully furnished property with laundry appliances on each side; New wiring, raised ceilings, and refinished hardwood floors
