Two-Unit Duplex with
For Sale
$330,000
2308 and 2310 Blackwood Road, Little Rock, AR 72207
Matching layouts feature updated kitchen finishes, flexible lower-level space, and outdoor yard area.
Property Size2,750 SF
Price / SF$120
Days on Market24
Property Features for 2308 and 2310 Blackwood Road
General Information
Standard status
Active
Size
2,750 SF
Property subtype
Multi-family
Listing Agency:
River Rock Realty Company
(501) 353-2504
Listed By:
Jamie Hoffman
(501) 232-8964
Source:
Heilesassociatesrealtors
Added: Sep 4
Changed: Sep 23
Last Checked: Sep 26 at 6:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of River Rock Realty Company
Investment Insights
Based on property information with market context.
This two-unit duplex at 2308 and 2310 Blackwood Road contains 2,750 square feet, with each residence offering the same layout. Both units include two bedrooms, while an additional downstairs room provides optional flexibility. Living areas have vinyl flooring, and the kitchens are finished with granite countertops and tiled backsplashes. The property also includes substantial yard space.
Located in Little Rock’s 72207 area, the duplex is near the Heights strip, with shopping and dining nearby. Its side-by-side unit configuration and consistent layouts provide a straightforward residential income property format.
Located in Little Rock’s 72207 area, the duplex is near the Heights strip, with shopping and dining nearby. Its side-by-side unit configuration and consistent layouts provide a straightforward residential income property format.
Key Highlights
- Two‑unit duplex with 2,750 square feet
- Both units have matching layouts
- Each unit includes 2 bedrooms
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
$25,101
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
7.61%
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%
$502,020
$502.0K
Cap Rate 7%
$358,586
$358.6K
Cap Rate 9%
$278,900
$278.9K
Market Conditions
NOI Build-Up for 2,750 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
$38.0K $13.80/SF
− Vacancy
−$2.1K −$0.76/SF
EGI
$35.9K $13.04/SF
− OpEx
−$10.8K −$3.91/SF
NOI
$25.1K $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%
$502,020
Cap Rate 7%
$358,586
Cap Rate 9%
$278,900
Alternative Uses
Best Use
Multifamily LT 5
$358.6K
$313.8K – $418.4K
NOI $25,101 @ 7.0% cap · market cap 7.61%
Second Best
Apartment 5plus
$317.5K
$277.8K – $370.4K
NOI $22,226 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$499.6K
$437.1K – $582.8K
NOI $34,970 @ 7.0% cap · market cap 10.60%
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
Location Intelligence
Trade Area within ½ mile
562
Businesses Nearby
Explore this area
Business Placement
Demographics for 72207, AR
11,036
Population
5,800
Households
1.9
Avg Household Size
40
Median Age
69%
College-Educated
98%
High-School Grad
3.8 sq mi
ZIP Area
2,904
Density / Sq Mi
$93,958
Median Household Income
$59,658
Median Earnings
$942
Median Rent
$384,800
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 - Matching layouts feature updated kitchen finishes, flexible lower-level space, and outdoor yard area.
Where is this duplex located?
The property is located at 2308 and 2310 Blackwood Road Little Rock, AR.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,750 square feet; Both units have matching layouts; Each unit includes 2 bedrooms
