2-Unit
For Sale
Under Contract
$159,900
2323 E 2nd Street, North Little Rock, AR 72114
Multi-Family, Traditional, North Little Rock, AR
Property Size1,567 SF
Lot Size0.16 Acres
Price / SF$102.04
Days on Market14
Property Features for 2323 E 2nd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2
Appliances
Free-Standing Stove, Refrigerator-Stays, Free-Standing Stove, Refrigerator-Stays
Subdivision
Choctaw
Lot features
Level
Directions
E Broadway St turn left onto N Laurel St Turn right onto E 2nd St.
Standard status
Active Under Contract
APN
33N-318-00-095-00
Size
1,567 SF
Lot size
0.16 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
36-2N-12W
Tax Annual Amount
863
Legal Description
36-2N-12W
Building Details
Year built
1950
Floors in Building
1
Number of units
2
Flooring type
Carpet - Partial, Laminate
Roof type
Shingle
Architectural style
Other
Listing Agency:
Keller Williams Realty
(501) 907-5959
Listed By:
Quiana Lawson
(501) 529-3219
Added: Oct 20
Changed: Oct 28
Last Checked: Nov 2 at 8:06PM
MLS# 26042359
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2-unit duplex at 2323 E 2nd Street in North Little Rock contains 1,567 square feet on a 0.16-acre lot. Built in 1950, the property has two bathrooms and four bedrooms in total.
One unit is occupied by a long-term tenant. The other is vacant and has fresh interior paint, select new blinds, and a new ceiling fan. The separate units offer an owner-occupant or investor the choice of retaining the current tenancy while determining how to use the vacant residence.
One unit is occupied by a long-term tenant. The other is vacant and has fresh interior paint, select new blinds, and a new ceiling fan. The separate units offer an owner-occupant or investor the choice of retaining the current tenancy while determining how to use the vacant residence.
Key Highlights
- Duplex with 1,567 square feet of building area
- 0.16‑acre lot
- Built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,169
Cap Rate
8.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$263,380
$263.4K
Cap Rate 7%
$188,129
$188.1K
Cap Rate 9%
$146,322
$146.3K
Market Conditions
NOI Build-Up for 1,567 SF
Gross rent
$20.1K $12.84/SF
− Vacancy
−$1.3K −$0.83/SF
EGI
$18.8K $12.01/SF
− OpEx
−$5.6K −$3.60/SF
NOI
$13.2K $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 Rate 5%
$263,380
Cap Rate 7%
$188,129
Cap Rate 9%
$146,322
Alternative Uses
Best Use
Multifamily LT 5
$188.1K
$164.6K – $219.5K
NOI $13,169 @ 7.0% cap · market cap 8.24%
Second Best
Apartment 5plus
$168.4K
$147.4K – $196.5K
NOI $11,788 @ 7.0% cap · market cap 7.37%
Theoretical Best
Specialty Retail
$298.9K
$261.5K – $348.7K
NOI $20,923 @ 7.0% cap · market cap 13.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
Explore this area
Business Placement
Demographics for 72114, AR
10,957
Population
6,733
Households
1.6
Avg Household Size
38
Median Age
19%
College-Educated
84%
High-School Grad
7.7 sq mi
ZIP Area
1,423
Density / Sq Mi
$28,594
Median Household Income
$27,564
Median Earnings
$781
Median Rent
$87,900
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
Frequently Asked Questions
What type of property is this?
Duplex - One residence is occupied, while the second is vacant and has received select interior updates.
Where is this duplex located?
The property is located at 2323 E 2nd Street North Little Rock, AR.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: Duplex with 1,567 square feet of building area; 0.16‑acre lot; Built in 1950
