Duplex with Separate
For Sale
$182,500
1919 N Magnolia, North Little Rock, AR 72114
MULTI_FAMILY - North Little Rock, AR
Property Size1,976 SF
Lot Size0.16 Acres
Price / SF$92.36
Days on Market201
Property Features for 1919 N Magnolia
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Subdivision
North Argenta
Lot features
Level
Directions
North Little Rock Arkansas Head north on N Main St toward E 4th St 1.1 mi Turn right onto E 19th St Turn left at the 2nd cross street onto N Magnolia St Destination will be on the left 1919 N Magnolia St North Little Rock, AR 72114
Standard status
Active
Size
1,976 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
see deed
Legal Description
see deed
Building Details
Year built
1986
Floors in Building
2
Number of units
2
Roof type
Composition
Architectural style
Other
Listing Agency:
Brick Real Estate
(501) 497-3822
Listed By:
BJ Lowe
(501) 733-9623
Added: Jan 31
Changed: Aug 17
Last Checked: Aug 20 at 11:06AM
MLS# 26004059
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 1,976-square-foot duplex, built in 1986, contains two residences with matching layouts of two bedrooms and one bathroom per unit. Separate utilities serve the units, providing distinct utility arrangements for each residence. The property has a composition roof and sits on a 0.16-acre lot.
Located at 1919 N Magnolia in North Little Rock, Arkansas, the duplex offers both rental and owner-occupant use. One residence can serve as a primary home while the other is rented, or both units can be operated as a residential income property.
Located at 1919 N Magnolia in North Little Rock, Arkansas, the duplex offers both rental and owner-occupant use. One residence can serve as a primary home while the other is rented, or both units can be operated as a residential income property.
Key Highlights
- Two‑unit duplex with 1,976 square feet
- Each unit includes 2 bedrooms and 1 bathroom
- Separate utilities serve each unit
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property supports rental income or owner-occupant use with separate utilities serving each residence.
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 with 1,976 square feet; Each unit includes 2 bedrooms and 1 bathroom; Separate utilities serve each unit
