Two-Story Brick
For Sale
$225,000
202 Vernon Street, Little Rock, AR 72205
Residential, Traditional, Little Rock, AR
Property Size1,998 SF
Lot Size0.17 Acres
Price / SF$112.61
Days on Market212
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 4, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 1, Living Room
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: Oct 18
Last Checked: Oct 23 at 8:06AM
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.
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Investment Insights
Based on property information with market context.
Built in 1935, this 1,998-square-foot duplex presents a two-story brick structure with two separate residential units. Each apartment includes 2 bedrooms and 1 bath, along with wood flooring and large windows. Interior finishes also include vinyl flooring, while the property is equipped with a free-standing stove, gas range, and refrigerator. A composition roof completes the building improvements.
The 0.17-acre property is situated in Little Rock’s Capitol View neighborhood, near the edge of downtown. Its location places the duplex between Arkansas Children’s Hospital, UAMS, Veterans Hospital, and Saint Vincent Hospital, with access to established medical and urban districts.
The 0.17-acre property is situated in Little Rock’s Capitol View neighborhood, near the edge of downtown. Its location places the duplex between Arkansas Children’s Hospital, UAMS, Veterans Hospital, and Saint Vincent Hospital, with access to established medical and urban districts.
Key Highlights
- Two‑story brick duplex built in 1935
- 1,998 square feet on a 0.17‑acre lot
- Each apartment includes 2 bedrooms and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,237
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,022
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Historic Capitol View property with two residential units, wood flooring, generous windows, and established household appliances.
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 brick duplex built in 1935; 1,998 square feet on a 0.17‑acre lot; Each apartment includes 2 bedrooms and 1 bath
