Two-Unit Duplex
For Sale
$182,500
1919 N Magnolia, North Little Rock, AR 72114
Two residential units provide separate utilities and matching two-bedroom, one-bathroom layouts.
Property Size1,976 SF
Price / SF$92.36
Days on Market52
Property Features for 1919 N Magnolia
General Information
Standard status
Active
Size
1,976 SF
Property subtype
Multi-family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Buildings
1
Listing Agency:
Brick Real Estate
(501) 497-3822
Listed By:
BJ Lowe
(501) 733-9623
Source:
Arprorealty
Added: Jul 14
Changed: Aug 31
Last Checked: Sep 2 at 2:36AM
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 Brick Real Estate
Investment Insights
Based on property information with market context.
This duplex contains 1,976 square feet across two residential units. Each unit offers two bedrooms and one bathroom, creating a consistent configuration throughout the property. Separate utilities serve the units, supporting distinct occupancy arrangements.
The property is located at 1919 N Magnolia in North Little Rock, Arkansas. Its two-unit layout accommodates an owner-occupant arrangement or separate residential tenancy, as supported by the existing configuration.
The property is located at 1919 N Magnolia in North Little Rock, Arkansas. Its two-unit layout accommodates an owner-occupant arrangement or separate residential tenancy, as supported by the existing configuration.
Key Highlights
- Two‑unit duplex at 1919 N Magnolia, North Little Rock, AR 72114
- 1,976 square feet of total property size
- Each unit includes 2 bedrooms and 1 bathroom
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
$16,606
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
9.10%
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%
$332,120
$332.1K
Cap Rate 7%
$237,229
$237.2K
Cap Rate 9%
$184,511
$184.5K
Market Conditions
NOI Build-Up for 1,976 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
$25.4K $12.84/SF
− Vacancy
−$1.6K −$0.83/SF
EGI
$23.7K $12.01/SF
− OpEx
−$7.1K −$3.60/SF
NOI
$16.6K $8.40/SF
Area
Pulaski County, AR
Vacancy
6.50%
Lease Rate
$12.84 /SF/Yr
Expense Ratio
30.00%
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%
$332,120
Cap Rate 7%
$237,229
Cap Rate 9%
$184,511
Alternative Uses
Best Use
Multifamily LT 5
$237.2K
$207.6K – $276.8K
NOI $16,606 @ 7.0% cap · market cap 9.10%
Second Best
Apartment 5plus
$212.4K
$185.8K – $247.8K
NOI $14,865 @ 7.0% cap · market cap 8.15%
Theoretical Best
Specialty Retail
$376.9K
$329.8K – $439.8K
NOI $26,385 @ 7.0% cap · market cap 14.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
Explore this area
Business Placement
Demographics for 72114, AR
10,957
Population
6,733
Households
1.6
Avg Household Size
38
Median Age
19%
College-Educated
84%
High-School Grad
7.7 sq mi
ZIP Area
1,423
Density / Sq Mi
$28,594
Median Household Income
$27,564
Median Earnings
$781
Median Rent
$87,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units provide separate utilities and matching two-bedroom, one-bathroom layouts.
Where is this duplex located?
The property is located at 1919 N Magnolia North Little Rock, AR.
What is the asking price?
The asking price for this property is $182,500.
What are key features of this property?
This property features: Two‑unit duplex at 1919 N Magnolia, North Little Rock, AR 72114; 1,976 square feet of total property size; Each unit includes 2 bedrooms and 1 bathroom
