Residential Income Property with
For Sale
$290,000
1803 Aldersgate Road, Little Rock, AR 72205
A two-bedroom, two-bath layout pairs an open living area with private bathrooms for both bedrooms.
Property Size1,448 SF
Price / SF$200.28
Days on Market28
Property Features for 1803 Aldersgate Road
General Information
Standard status
Active
Size
1,448 SF
Total Parking Spaces
2
Property subtype
Condo/Townhse/Duplex/Apt
Site & Location
Neighborhood
John Barrow
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$420
Amenities
electric fireplace
granite countertops
center island
gas range
dishwasher
microwave
separate laundry room
covered back patio
Building Details
Building Size
1,448 SF
Year Built
2025
Buildings
1
Listing Agency:
Jon Underhill Real Estate
Listed By:
Richard Harp
(501) 690-4277
Source:
Jonunderhill
Added: Oct 3
Changed: Oct 26
Last Checked: Oct 26 at 3:37PM
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 Jon Underhill Real Estate
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Investment Insights
Based on property information with market context.
Built in 2025, this 1,448-square-foot townhome has two bedrooms and two bathrooms. The open living area connects a great room with an electric fireplace, dining space, and kitchen featuring granite counters, an island, gas range, dishwasher, and microwave. The primary bedroom includes an en-suite bath with dual sinks, a walk-in shower, and a walk-in closet; the second bedroom also has a private bathroom.
Additional features include luxury vinyl plank flooring throughout, a separate laundry room with built-in cabinetry, a covered rear patio, and a two-car rear-entry garage.
Additional features include luxury vinyl plank flooring throughout, a separate laundry room with built-in cabinetry, a covered rear patio, and a two-car rear-entry garage.
Key Highlights
- 1,448 square feet; built in 2025
- Two bedrooms and two bathrooms, each bedroom with access to a private bathroom
- Kitchen with granite countertops, center island, gas range, dishwasher, and microwave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,703
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,060
$234.1K
Cap Rate 7%
$167,186
$167.2K
Cap Rate 9%
$130,033
$130.0K
Market Conditions
NOI Build-Up for 1,448 SF
Gross rent
$22.6K $15.60/SF
− Vacancy
−$1.3K −$0.90/SF
EGI
$21.3K $14.70/SF
− OpEx
−$9.6K −$6.61/SF
NOI
$11.7K $8.08/SF
Area
Little Rock, AR
Vacancy
5.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,060
Cap Rate 7%
$167,186
Cap Rate 9%
$130,033
Alternative Uses
Best Use
Apartment 5plus
$167.2K
$146.3K – $195.1K
NOI $11,703 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$263.0K
$230.2K – $306.9K
NOI $18,413 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,594
Businesses Nearby
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Business Placement
Demographics for 72205, AR
22,888
Population
12,187
Households
1.9
Avg Household Size
39
Median Age
54%
College-Educated
96%
High-School Grad
8.0 sq mi
ZIP Area
2,861
Density / Sq Mi
$62,888
Median Household Income
$50,948
Median Earnings
$1,110
Median Rent
$204,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A two-bedroom, two-bath layout pairs an open living area with private bathrooms for both bedrooms.
Where is this residential income property located?
The property is located at 1803 Aldersgate Road Little Rock, AR.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: 1,448 square feet; built in 2025; Two bedrooms and two bathrooms, each bedroom with access to a private bathroom; Kitchen with granite countertops, center island, gas range, dishwasher, and microwave
