Two-Story Brick
For Sale
$225,000
202 Vernon Street, Little Rock, AR 72205
CONDOS - Little Rock, AR
Property Size1,998 SF
Lot Size0.17 Acres
Price / SF$112.61
Days on Market148
Property Features for 202 Vernon Street
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Bedroom 4, Living Room, Bathroom 2, Bedroom 1, Bathroom 1
Appliances
Free-Standing Stove, Gas Range, Refrigerator-Stays
Subdivision
YOUNGS PARK
Lot features
Sloped, Level
Directions
Markham Street to South on Vernon, property on right.
Standard status
Active
Size
1,998 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 9, Block 4 Youngs Park Sub
Tax Annual Amount
2409
Legal Description
Lot 9, Block 4 Youngs Park Sub
Building Details
Year built
1935
Floors in Building
2
Flooring type
Vinyl, Wood
Roof type
Composition
Architectural style
Other
Listing Agency:
Charlotte John Company (Little Rock) · Century 21 Real Estate
(501) 664-5646
Listed By:
Kent Armstrong
(501) 580-4997
Added: Mar 26
Changed: Aug 2
Last Checked: Aug 20 at 2:06PM
MLS# 26011686
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.
Two-story traditional-style brick duplex located at 202 Vernon Street. Built in 1935, the property features hardwood and vinyl flooring, large windows, and a composition roof. Each apartment is configured with two bedrooms and one bath, and the interior includes living areas and bedrooms arranged across the unit layout.
The duplex is positioned in the historic Capitol View neighborhood of Little Rock, conveniently on the edge of downtown between Arkansas Children’s Hospital, UAMS, Veterans, and Saint Vincent Hospital.
In-unit kitchen appliances include a free-standing stove, gas range, and a refrigerator that stays with the property. Lot size is 0.17 acres, and the listed property size is 1,998 square feet.
The duplex is positioned in the historic Capitol View neighborhood of Little Rock, conveniently on the edge of downtown between Arkansas Children’s Hospital, UAMS, Veterans, and Saint Vincent Hospital.
In-unit kitchen appliances include a free-standing stove, gas range, and a refrigerator that stays with the property. Lot size is 0.17 acres, and the listed property size is 1,998 square feet.
Key Highlights
- Two‑story traditional‑style brick duplex
- Each unit offers 2 bedrooms and 1 bath
- Hardwood floors and large windows
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
$18,237
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
8.11%
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%
$364,740
$364.7K
Cap Rate 7%
$260,529
$260.5K
Cap Rate 9%
$202,633
$202.6K
Market Conditions
NOI Build-Up for 1,998 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
$27.6K $13.80/SF
− Vacancy
−$1.5K −$0.76/SF
EGI
$26.1K $13.04/SF
− OpEx
−$7.8K −$3.91/SF
NOI
$18.2K $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 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%
$364,740
Cap Rate 7%
$260,529
Cap Rate 9%
$202,633
Alternative Uses
Best Use
Multifamily LT 5
$260.5K
$228.0K – $304.0K
NOI $18,237 @ 7.0% cap · market cap 8.11%
Second Best
Apartment 5plus
$230.7K
$201.9K – $269.2K
NOI $16,149 @ 7.0% cap · market cap 7.18%
Theoretical Best
Office A
$363.0K
$317.6K – $423.5K
NOI $25,407 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,022
Businesses Nearby
Explore this area
Business Placement
Demographics for 72205, AR
22,888
Population
12,187
Households
1.9
Avg Household Size
39
Median Age
54%
College-Educated
96%
High-School Grad
8.0 sq mi
ZIP Area
2,861
Density / Sq Mi
$62,888
Median Household Income
$50,948
Median Earnings
$1,110
Median Rent
$204,400
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-story duplex with two-bedroom, one-bath units featuring hardwood floors, large windows, and a composition roof.
Where is this duplex located?
The property is located at 202 Vernon Street Little Rock, AR.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two‑story traditional‑style brick duplex; Each unit offers 2 bedrooms and 1 bath; Hardwood floors and large windows
