205 / 207 W J Avenue, North Little Rock, AR 72116
MULTI_FAMILY - North Little Rock, AR
- Added:
- Jun 2, 2026
- Days on Market:
- 11
- Last Refresh:
- Jun 12 at 3:06 am
Property Features for 205 / 207 W J Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Carport
- Interior features
- Washer Connection, Dryer Connection-Electric
- Appliances
- Free-Standing Stove, Gas Range, Disposal, Free-Standing Stove, Gas Range, Disposal
- Standard status
- Active
- APN
- 33N0180708000
- Size
- 1,782 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- STR: 23-2N-12W, L/B: 16/53
- Tax Annual Amount
- 1634
Building Details
- Year built
- 1955
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl, Tile, Laminate
- Roof type
- Composition
- Architectural style
- Other
Listing agent Troy Shelton License #SA00083193 (931) 434-2462
Listing office Simpli HOM 321 Maple St, Room 106, North Little Rock, AR (855) 856-9466
Listing date Jun 2, 2026
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.
HighLights
- Duplex built in 1955 with two 2‑bedroom, 1‑bath units in North Little Rock (Park Hill area).
- Each unit has a private carport for covered, convenient parking.
- One unit is currently vacant, offering flexibility for an owner‑occupant.
- Occupied unit is leased at $745/month through 3/31/2027.
- Appliances include gas range, disposal, and free‑standing stove; washer and electric dryer connections available.
- Roof is composition; flooring includes vinyl, tile, and laminate.
Overview
The property is located at 205/207 W J Avenue in North Little Rock, Pulaski County. The listing notes that students attend schools within the NLR School District, including Ridgeroad Elementary, Lakewood Middle School, and NLR High School.
For buyers, this layout supports owner-occupancy with rental offset, or a straightforward two-unit rental purchase depending on how you plan to handle the currently vacant side. The existing lease on one unit provides an established rental stream through the stated term, while the vacancy creates an opportunity to tailor occupancy and tenancy plans to your preferences.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.9k | $12.84 |
| − Vacancy | −$1.5k | −$0.83 |
| EGI | $21.4k | $12.01 |
| − OpEx | −$6.4k | −$3.60 |
| NOI | $15.0k | $8.40 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- North Little Rock
- County
- Pulaski
- State
- Arkansas
- Longitude
- -92.261304
- Latitude
- 34.793151
