Two-Bedroom Condo Unit with
For Sale
$134,500
1824 N Hughes St. Apt 11, Little Rock, AR 72207
CONDOS - Little Rock, AR
Property Size1,120 SF
Price / SF$120.09
Days on Market121
Property Features for 1824 N Hughes St. Apt 11
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2
Parking features
Assigned
Interior features
Washer Connection, Dryer Connection-Electric, Walk-In Closet(s), Built-Ins, Walk-in Shower
Exterior features
Fully Fenced, Outside Storage Area, Wood Fence
Fencing
Full, Wood
Appliances
Electric Range, Dishwasher
Subdivision
HAMPTON COURT APT HPR
Lot features
Level
Elementary school
Jefferson
Middle school
Pulaski Heights
High school
Central
Directions
From Cantrell to N Hughes. Hampton Court on left. Apt 11 is in the building strait ahead.
Standard status
Active
APN
43L-206-00-011-00
Size
1,120 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
HAMPTON COURT APT HPR APT 11
Tax Annual Amount
1659
HOA Fee
$175 Monthly
Legal Description
HAMPTON COURT APT HPR APT 11
Amenities
private patio
common courtyard
in-unit laundry
Building Details
Year built
1966
Floors in Building
2
Flooring type
Tile, Carpet
Roof type
Composition
Architectural style
Other
Additional Structures
Storage
Listing Agency:
CBRPM Bryant · Coldwell Banker Real Estate
(501) 316-0955
Listed By:
John Willix
(501) 804-4761
Added: Apr 13
Changed: Aug 2
Last Checked: Aug 11 at 10:06PM
MLS# 26014456
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.
This two-bedroom condo unit offers a functional lower-level kitchen overlooking a large living/dining combination area with a wall of windows that opens to a private patio area with storage. Upstairs, you’ll find two well-sized bedrooms, an updated bathroom, and a dedicated laundry area. Interior details include walk-in closet(s), built-ins, a walk-in shower, and washer and dryer connections. Appliances listed include an electric range and dishwasher. Flooring includes tile and carpet.
The exterior features fully fenced outdoor space and an outside storage area, along with wood fencing. Parking is provided as assigned parking. The property is a composition-roof structure built in 1966.
A shared common courtyard area is available for residents to enjoy within the Hampton court community.
The exterior features fully fenced outdoor space and an outside storage area, along with wood fencing. Parking is provided as assigned parking. The property is a composition-roof structure built in 1966.
A shared common courtyard area is available for residents to enjoy within the Hampton court community.
Key Highlights
- Private patio area with storage off the living/dining space
- Two bedrooms with walk‑in closet(s) and walk‑in shower
- Washer connection and dryer connection (electric), plus dedicated laundry area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,052
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$181,040
$181.0K
Cap Rate 7%
$129,314
$129.3K
Cap Rate 9%
$100,578
$100.6K
Market Conditions
NOI Build-Up for 1,120 SF
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.
Gross rent
$17.5K $15.60/SF
− Vacancy
−$1.0K −$0.90/SF
EGI
$16.5K $14.70/SF
− OpEx
−$7.4K −$6.61/SF
NOI
$9.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$181,040
Cap Rate 7%
$129,314
Cap Rate 9%
$100,578
Alternative Uses
Best Use
Apartment 5plus
$129.3K
$113.2K – $150.9K
NOI $9,052 @ 7.0% cap · market cap 6.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$203.5K
$178.0K – $237.4K
NOI $14,242 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
836
Businesses Nearby
Explore this area
Business Placement
Demographics for 72207, AR
11,036
Population
5,800
Households
1.9
Avg Household Size
40
Median Age
69%
College-Educated
98%
High-School Grad
3.8 sq mi
ZIP Area
2,904
Density / Sq Mi
$93,958
Median Household Income
$59,658
Median Earnings
$942
Median Rent
$384,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condo features a private patio with storage, assigned parking, and in-unit washer and dryer connections.
Where is this residential income property located?
The property is located at 1824 N Hughes St. Apt 11 Little Rock, AR.
What is the asking price?
The asking price for this property is $134,500.
What are key features of this property?
This property features: Private patio area with storage off the living/dining space; Two bedrooms with walk‑in closet(s) and walk‑in shower; Washer connection and dryer connection (electric), plus dedicated laundry area
