Two-Unit Duplex Investment
1906 Brownwood Road Little Rock, AR 72207
MULTI_FAMILY - Little Rock, AR
Property size:
1,910 SFLot size:
0.17 AcresPrice / SF:
$115/SF- Added:
- Jun 17, 2026
- Days on Market:
- 24
- Last Refresh:
- Jul 10 at 4:06 pm
Property Features for 1906 Brownwood Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Carport
- Appliances
- Free-Standing Stove, Dishwasher, Free-Standing Stove, Dishwasher
- Standard status
- Active
- APN
- 43L2050100400
- Size
- 1,910 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- STR: 36-2N-13W, L/B: 3/0
- Tax Annual Amount
- 3725
Building Details
- Year built
- 1968
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Tile
- Roof type
- Composition
- Architectural style
- Other
Listing agent Troy Shelton License #SA00083193 (931) 434-2462
Listing office Simpli HOM 321 Maple St, Room 106, North Little Rock, AR (855) 856-9466
Listing date Jun 17, 2026
MLS# 26024405
Listing URL
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 well-maintained duplex at 1906 Brownwood Road features two separate 2-bedroom, 1-bath units. Both units are currently occupied and have functional layouts. Each unit includes rear carport parking, offering convenient off-street options for tenants.
The property is located in West Little Rock in the 72207 area, within minutes of Park Plaza Mall, UAMS, Baptist Health Medical Center, and the University of Arkansas at Little Rock. It is also close to restaurants, shopping, parks, and major employment centers, supporting steady day-to-day neighborhood demand.
For investors seeking a straightforward two-unit residential income asset, this property provides immediate occupancy with one lease expiring in June 2026 and the other through January 2027. Gross rental income is stated at $1,850 per month ($22,200 annually), and tenants pay all utilities, which can help reduce owner-paid operating expenses. A 48-hour notice is required for showings, and the property manager does not take showing requests on weekends.
The property is located in West Little Rock in the 72207 area, within minutes of Park Plaza Mall, UAMS, Baptist Health Medical Center, and the University of Arkansas at Little Rock. It is also close to restaurants, shopping, parks, and major employment centers, supporting steady day-to-day neighborhood demand.
For investors seeking a straightforward two-unit residential income asset, this property provides immediate occupancy with one lease expiring in June 2026 and the other through January 2027. Gross rental income is stated at $1,850 per month ($22,200 annually), and tenants pay all utilities, which can help reduce owner-paid operating expenses. A 48-hour notice is required for showings, and the property manager does not take showing requests on weekends.
Key Highlights
- Duplex built in 1968 with two 2‑bedroom, 1‑bath units
- Both units currently occupied—gross rental income of $1,850/month ($22,200/year)
- Lease terms: one unit expires June 2026; the other runs through January 2027
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.4k | $13.80 |
| − Vacancy | −$1.5k | −$0.76 |
| EGI | $24.9k | $13.04 |
| − OpEx | −$7.5k | −$3.91 |
| NOI | $17.4k | $9.13 |
1,910 SF · lease $13.80/SF/yr · vacancy 5.51% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained duplex with two 2-bedroom units and rear carport parking, fully occupied for ongoing rental income.
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 $219,900.
What are key features of this property?
This property features: Duplex built in 1968 with two 2‑bedroom, 1‑bath units; Both units currently occupied—gross rental income of $1,850/month ($22,200/year); Lease terms: one unit expires June 2026; the other runs through January 2027
