Two-Unit Duplex with
For Sale
$219,899
1906 Brownwood Road, Little Rock, AR 72207
Occupied residences offer two-bedroom layouts, individual baths, and rear carport parking.
Property Size1,910 SF
Price / SF$115.13
Days on Market87
Property Features for 1906 Brownwood Road
General Information
Standard status
Active
Size
1,910 SF
Property subtype
Multi-family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$22,200
Building Details
Buildings
1
Listing Agency:
Simpli HOM
(855) 856-9466
Listed By:
Troy Shelton · License #SA00083193
(931) 434-2462
Source:
Heilesassociatesrealtors
Added: Jul 23
Changed: Oct 15
Last Checked: Oct 16 at 9:03AM
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 Simpli HOM
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Investment Insights
Based on property information with market context.
This 1,910 SF duplex contains two separately occupied units, each configured with two bedrooms and one bathroom. Both residences have functional layouts and rear carport parking. Tenants pay all utilities, and lease terms extend through June 2026 and January 2027, respectively.
The property is in Little Rock’s 72207 area, near Park Plaza Mall, UAMS, Baptist Health Medical Center, the University of Arkansas at Little Rock, restaurants, shopping, parks, and major employment centers. Showings require 48 hour notice, and weekend showing requests are not accepted.
The property is in Little Rock’s 72207 area, near Park Plaza Mall, UAMS, Baptist Health Medical Center, the University of Arkansas at Little Rock, restaurants, shopping, parks, and major employment centers. Showings require 48 hour notice, and weekend showing requests are not accepted.
Key Highlights
- 1,910 SF duplex with 2 units
- Each unit includes 2 bedrooms and 1 bathroom
- Both units are currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,434
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,680
$348.7K
Cap Rate 7%
$249,057
$249.1K
Cap Rate 9%
$193,711
$193.7K
Market Conditions
NOI Build-Up for 1,910 SF
Gross rent
$26.4K $13.80/SF
− Vacancy
−$1.5K −$0.76/SF
EGI
$24.9K $13.04/SF
− OpEx
−$7.5K −$3.91/SF
NOI
$17.4K $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%
$348,680
Cap Rate 7%
$249,057
Cap Rate 9%
$193,711
Alternative Uses
Best Use
Multifamily LT 5
$249.1K
$217.9K – $290.6K
NOI $17,434 @ 7.0% cap · market cap 7.93%
Second Best
Apartment 5plus
$220.5K
$193.0K – $257.3K
NOI $15,437 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$347.0K
$303.6K – $404.8K
NOI $24,288 @ 7.0% cap · market cap 11.05%
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
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
655
Businesses Nearby
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Occupied residences offer two-bedroom layouts, individual baths, and rear carport parking.
Where is this duplex located?
The property is located at 1906 Brownwood Road Little Rock, AR.
What is the asking price?
The asking price for this property is $219,899.
What are key features of this property?
This property features: 1,910 SF duplex with 2 units; Each unit includes 2 bedrooms and 1 bathroom; Both units are currently occupied
