Residential Income Property with
For Sale
$148,900
1824 N Hughes Street, Little Rock, AR 72207
Residential, Traditional, Little Rock, AR
Property Size1,120 SF
Price / SF$132.95
Days on Market8
Property Features for 1824 N Hughes Street
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2
Patio and Porch features
Porch
Interior features
Wet Bar, Washer Connection, Dryer Connection-Electric, Water Heater-Electric, Walk-In Closet(s), Ceiling Fan(s), Kit Counter-Other
Exterior features
Porch, Fully Fenced, Wood Fence
Fencing
Wood, Full
Appliances
Free-Standing Stove, Dishwasher
Subdivision
HAMPTON COURT APT HPR
Lot features
Level
Directions
Take Cantrell to N. Huges and go right for 0.5 miles then it's on your left.
Standard status
Active
APN
43L2060000100
Size
1,120 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
HAMPTON COURT APT HPR APT 001
Tax Annual Amount
1686
HOA Fee
$175 Monthly
Legal Description
HAMPTON COURT APT HPR APT 001
Amenities
community courtyard
Building Details
Year built
1966
Floors in Building
2
Flooring type
Wood, Vinyl, Tile
Roof type
Shingle
Architectural style
Other
Additional Structures
Other
Listing Agency:
Keller Williams Realty
(501) 907-5959
Listed By:
Nathan Thompson
(501) 588-5306
Added: Sep 28
Last Checked: Oct 5 at 1:06AM
MLS# 26039213
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 1,120-square-foot townhouse-style condo has two bedrooms, a combined living and dining area, and a kitchen with a free-standing stove and dishwasher. A half bathroom is located downstairs, with a full bathroom upstairs. The primary bedroom includes a walk-in closet, and a concealed washer and dryer area is also upstairs. Sliding Pella doors open to a private, fenced patio with bonus storage. Wood, vinyl, and tile flooring are used throughout.
Built in 1966, the property also offers access to a community courtyard and ample parking. The address is 1824 N Hughes Street in Little Rock, Arkansas.
Built in 1966, the property also offers access to a community courtyard and ample parking. The address is 1824 N Hughes Street in Little Rock, Arkansas.
Key Highlights
- Two‑bedroom townhouse‑style condo with 1,120 square feet
- Private fenced patio with storage and upgraded Pella sliding doors
- Upstairs primary bedroom has a walk‑in closet
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
6.08%
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 6.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$203.5K
$178.0K – $237.4K
NOI $14,242 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom townhouse-style condo includes a private patio and shared courtyard.
Where is this residential income property located?
The property is located at 1824 N Hughes Street Little Rock, AR.
What is the asking price?
The asking price for this property is $148,900.
What are key features of this property?
This property features: Two‑bedroom townhouse‑style condo with 1,120 square feet; Private fenced patio with storage and upgraded Pella sliding doors; Upstairs primary bedroom has a walk‑in closet
