Contemporary Duplex
For Sale
$315,000
219 Edgewood Circle, Little Rock, AR 72223
Residential, Traditional, Contemporary, Little Rock, AR
Property Size1,440 SF
Lot Size0.11 Acres
Price / SF$218.75
Days on Market172
Property Features for 219 Edgewood Circle
General Information
Property type
Residential
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Laundry Room, Bathroom 1, Bathroom 2
Patio and Porch features
Porch
Interior features
Washer Connection, Dryer Connection-Electric, Water Heater-Electric, Smoke Detector(s), Floored Attic, Walk-In Closet(s), Ceiling Fan(s), Walk-in Shower, Wired for Highspeed Inter, Kit Counter-Quartz
Exterior features
Porch, Guttering
Fireplace
1
Appliances
Microwave, Electric Range, Dishwasher, Disposal, Pantry
Subdivision
Edgewood
Lot features
Level, In Subdivision
Directions
Heading West on Kanis from Bowman, turn left onto Cooper Orbit Road, make first left into Edgewood Community, home is on the right
Standard status
Active
Size
1,440 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
Lot 223 Phase 1
HOA Fee
$117 Monthly
Legal Description
Lot 223 Phase 1
Building Details
Year built
2026
Floors in Building
1
Flooring type
Carpet, Vinyl, Tile
Roof type
Shingle
Architectural style
Other, Contemporary
Listing Agency:
Arkansas Land & Realty, Inc.
(501) 910-1111
Listed By:
Trey Clifton
(501) 298-7596
Added: Apr 16
Changed: Sep 23
Last Checked: Oct 4 at 7:06PM
MLS# 26015136
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 contemporary duplex residence is under construction and is expected to be ready for move-in by the end of September. The 1,440-square-foot home includes two bedrooms, two bathrooms, an open living and dining arrangement, and a kitchen with a quartz countertop, center island, pantry, electric range, microwave, dishwasher, and disposal. Additional features include a laundry room, walk-in closet, walk-in shower, floored attic, electric water heater, ceiling fans, and high-speed internet wiring. Tile, vinyl, and carpet flooring are specified throughout, with a shingle roof and fireplace.
The 0.11-acre property is located in Little Rock, Arkansas. A rear porch overlooks the back lawn, while mature trees and landscaping surround the community. Each residence is separated by fire walls with sound cavities. Lawn maintenance is included with yearly fees.
The 0.11-acre property is located in Little Rock, Arkansas. A rear porch overlooks the back lawn, while mature trees and landscaping surround the community. Each residence is separated by fire walls with sound cavities. Lawn maintenance is included with yearly fees.
Key Highlights
- 1,440‑square‑foot contemporary duplex residence
- Two bedrooms and two bathrooms with open living and dining areas
- Kitchen features quartz counters, center island, pantry, and electric appliances
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
$13,144
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
4.17%
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%
$262,880
$262.9K
Cap Rate 7%
$187,771
$187.8K
Cap Rate 9%
$146,044
$146.0K
Market Conditions
NOI Build-Up for 1,440 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
$19.9K $13.80/SF
− Vacancy
−$1.1K −$0.76/SF
EGI
$18.8K $13.04/SF
− OpEx
−$5.6K −$3.91/SF
NOI
$13.1K $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%
$262,880
Cap Rate 7%
$187,771
Cap Rate 9%
$146,044
Alternative Uses
Best Use
Multifamily LT 5
$187.8K
$164.3K – $219.1K
NOI $13,144 @ 7.0% cap · market cap 4.17%
Second Best
Apartment 5plus
$166.3K
$145.5K – $194.0K
NOI $11,639 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$261.6K
$228.9K – $305.2K
NOI $18,311 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
Explore this area
Business Placement
Demographics for 72223, AR
25,465
Population
12,279
Households
2.1
Avg Household Size
41
Median Age
66%
College-Educated
98%
High-School Grad
48.5 sq mi
ZIP Area
525
Density / Sq Mi
$99,063
Median Household Income
$62,227
Median Earnings
$1,242
Median Rent
$435,100
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 - Attached home under construction with quartz kitchen counters, private porch, and lawn maintenance included with yearly fees.
Where is this duplex located?
The property is located at 219 Edgewood Circle Little Rock, AR.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 1,440‑square‑foot contemporary duplex residence; Two bedrooms and two bathrooms with open living and dining areas; Kitchen features quartz counters, center island, pantry, and electric appliances
