Updated
For Sale
$159,900
2323 E 2nd St, North Little Rock, AR 72114
One residence is tenant-occupied, while the other has fresh paint, replacement blinds, and a new ceiling fan.
Property Size1,567 SF
Price / SF$102.04
Days on Market14
Property Features for 2323 E 2nd St
General Information
Standard status
Active
Size
1,567 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$863
Listing Agency:
Keller Williams Realty
(501) 907-5959
Listed By:
Quiana Lawson
(501) 529-3219
Source:
Exprealty
Added: Oct 20
Changed: Nov 1
Last Checked: Nov 1 at 3:49PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 1,567-square-foot duplex at 2323 E 2nd St in North Little Rock has two distinct occupancy conditions: one side is occupied by a long-term tenant, and the other is vacant. The vacant unit has fresh interior paint, select new blinds, and a new ceiling fan.
Key Highlights
- 1,567‑square‑foot duplex at 2323 E 2nd St, North Little Rock
- One unit has a long‑term tenant; the second unit is vacant
- Vacant unit includes fresh interior paint, select new blinds, and a new ceiling fan
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One residence is tenant-occupied, while the other has fresh paint, replacement blinds, and a new ceiling fan.
Where is this duplex located?
The property is located at 2323 E 2nd St 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: 1,567‑square‑foot duplex at 2323 E 2nd St, North Little Rock; One unit has a long‑term tenant; the second unit is vacant; Vacant unit includes fresh interior paint, select new blinds, and a new ceiling fan
