Furnished
New
For Sale
$200,000
206 W J Avenue, North Little Rock, AR 72116
Multi-Family, Traditional, North Little Rock, AR
Property Size1,689 SF
Lot Size0.18 Acres
Price / SF$118.41
Days on Market3
Property Features for 206 W J Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Interior features
Washer Connection, Washer-Stays, Dryer Connection-Electric, Dryer-Stays, Hot Water Heater-Gas, Fan - Ceiling
Appliances
Free-Standing Stove, Gas Range, Free-Standing Stove, Gas Range
Subdivision
Park Hill
Lot features
Level, In Subdivision
Directions
from I40 onto JFK. Left onto West J ave. House is 2nd on the left.
Standard status
Active
Size
1,689 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Description
metes and bounds
Tax Annual Amount
1705
Legal Description
metes and bounds
Amenities
washer
dryer
refrigerator
Building Details
Year built
1955
Floors in Building
1
Number of units
2
Flooring type
Wood, Tile
Roof type
Composition
Architectural style
Other
Listing Agency:
PorchLight Realty
(501) 286-6025
Listed By:
Casey Moser
(501) 850-5375
Added: Sep 24
Changed: Sep 25
Last Checked: Sep 26 at 6:06AM
MLS# 26038948
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 1,689-square-foot duplex contains two units, each with two bedrooms and one bathroom. One side is furnished and arranged for Airbnb use; the other has recently become vacant. Washers, dryers, and refrigerators convey with both units. Interior features include wood and tile flooring, ceiling fans, gas water heaters, and electric dryer connections. The building was constructed in 1955 and has a composition roof.
The property occupies a 0.18-acre lot at 206 W J Avenue in North Little Rock. The two-unit layout combines a furnished short-term rental setup with a vacant residence.
The property occupies a 0.18-acre lot at 206 W J Avenue in North Little Rock. The two-unit layout combines a furnished short-term rental setup with a vacant residence.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,689 square feet on a 0.18‑acre lot
- One side furnished and configured for Airbnb use
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
$14,194
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
7.10%
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%
$283,880
$283.9K
Cap Rate 7%
$202,771
$202.8K
Cap Rate 9%
$157,711
$157.7K
Market Conditions
NOI Build-Up for 1,689 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
$21.7K $12.84/SF
− Vacancy
−$1.4K −$0.83/SF
EGI
$20.3K $12.01/SF
− OpEx
−$6.1K −$3.60/SF
NOI
$14.2K $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%
$283,880
Cap Rate 7%
$202,771
Cap Rate 9%
$157,711
Alternative Uses
Best Use
Multifamily LT 5
$202.8K
$177.4K – $236.6K
NOI $14,194 @ 7.0% cap · market cap 7.10%
Second Best
Apartment 5plus
$181.5K
$158.8K – $211.8K
NOI $12,706 @ 7.0% cap · market cap 6.35%
Theoretical Best
Specialty Retail
$322.2K
$281.9K – $375.9K
NOI $22,553 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
601
Businesses Nearby
Explore this area
Business Placement
Demographics for 72116, AR
21,715
Population
10,556
Households
2.1
Avg Household Size
42
Median Age
42%
College-Educated
97%
High-School Grad
6.5 sq mi
ZIP Area
3,341
Density / Sq Mi
$75,490
Median Household Income
$46,256
Median Earnings
$1,058
Median Rent
$218,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - One residence is furnished and configured for short-term rental use, while the second unit is vacant.
Where is this duplex located?
The property is located at 206 W J Avenue North Little Rock, AR.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,689 square feet on a 0.18‑acre lot; One side furnished and configured for Airbnb use
