Tenant-Occupied
For Sale
$170,000
2008 Flora Street, North Little Rock, AR 72114
Multi-Family, Traditional, North Little Rock, AR
Property Size1,742 SF
Lot Size0.21 Acres
Price / SF$97.59
Days on Market9
Property Features for 2008 Flora Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Interior features
Hot Water Heater-Electric
Appliances
Free-Standing Stove, Gas Range, Free-Standing Stove, Gas Range
Subdivision
Walthour & Flake
Lot features
Level, In Subdivision
Directions
Pike Ave to West 18th Street. Turn Right onto Flora Street. Duplex will be on the right at the end of the street.
Special listing conditions
Short Sale
Standard status
Active
Size
1,742 SF
Lot size
0.21 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
Lot 11 Block 2
Tax Annual Amount
773
Legal Description
Lot 11 Block 2
Building Details
Year built
1945
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Tile
Roof type
Shingle
Architectural style
Other
Listing Agency:
KD & Co Realty Group
(501) 773-5881
Listed By:
Kristi Copeland
(501) 416-0488
Added: Oct 22
Changed: Oct 29
Last Checked: Oct 30 at 8:06AM
MLS# 26042764
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.
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Investment Insights
Based on property information with market context.
This remodeled duplex contains two residential units totaling 1,742 square feet. One apartment has two bedrooms and one bathroom; the other includes three bedrooms and one bathroom. Both units have tenants in place. The property was built in 1945 and sits on a 0.21-acre lot at 2008 Flora Street in North Little Rock.
Interior features include an electric hot water heater, vinyl and tile flooring, and a shingle roof. The listed appliances include a free-standing stove and gas range.
Interior features include an electric hot water heater, vinyl and tile flooring, and a shingle roof. The listed appliances include a free-standing stove and gas range.
Key Highlights
- Two‑unit duplex with tenants in place
- 1,742 square feet on a 0.21‑acre lot
- Unit mix: one 2‑bedroom, 1‑bathroom unit and one 3‑bedroom, 1‑bathroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,639
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$292,780
$292.8K
Cap Rate 7%
$209,129
$209.1K
Cap Rate 9%
$162,656
$162.7K
Market Conditions
NOI Build-Up for 1,742 SF
Gross rent
$22.4K $12.84/SF
− Vacancy
−$1.5K −$0.83/SF
EGI
$20.9K $12.01/SF
− OpEx
−$6.3K −$3.60/SF
NOI
$14.6K $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 Rate 5%
$292,780
Cap Rate 7%
$209,129
Cap Rate 9%
$162,656
Alternative Uses
Best Use
Multifamily LT 5
$209.1K
$183.0K – $244.0K
NOI $14,639 @ 7.0% cap · market cap 8.61%
Second Best
Apartment 5plus
$187.2K
$163.8K – $218.4K
NOI $13,105 @ 7.0% cap · market cap 7.71%
Theoretical Best
Specialty Retail
$332.3K
$290.8K – $387.7K
NOI $23,260 @ 7.0% cap · market cap 13.68%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
421
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied units offer an existing rental setup, with distinct two-bedroom and three-bedroom layouts.
Where is this duplex located?
The property is located at 2008 Flora Street North Little Rock, AR.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: Two‑unit duplex with tenants in place; 1,742 square feet on a 0.21‑acre lot; Unit mix: one 2‑bedroom, 1‑bathroom unit and one 3‑bedroom, 1‑bathroom unit
