Updated Residential Income
For Sale
$209,000
28 Kingsbridge Way, Little Rock, AR 72212
Residential, Traditional, Little Rock, AR
Property Size1,800 SF
Price / SF$116.11
Days on Market81
Property Features for 28 Kingsbridge Way
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 2
Parking features
Assigned
Patio and Porch features
Porch, Patio
Interior features
Washer Connection, Dryer Connection-Electric, Balcony/Loft, Built-Ins, Ceiling Fan(s), Breakfast Bar, Kit Counter- Granite Slab
Exterior features
Patio, Porch, Fully Fenced, Outside Storage Area
Fencing
Full
Fireplace
1
Appliances
Microwave, Gas Range, Dishwasher, Disposal, Pantry, Ice Maker Connection, Wall Oven
Subdivision
KINGSBRIDGE TWNHSE
Lot features
Sloped, Level, In Subdivision
Directions
Pleasant Valley - Platte - Kingsbridge Way
Standard status
Active
Size
1,800 SF
Taxes and HOA fees
Tax Description
Lot 28 Block Apt 28
Tax Annual Amount
2631
HOA Fee
$350 Monthly
Legal Description
Lot 28 Block Apt 28
Amenities
clubhouse
swimming pool
tennis courts
pickleball
fireplace
private outdoor patio
Building Details
Year built
1976
Floors in Building
2
Flooring type
Vinyl, Wood
Roof type
Composition
Architectural style
Other
Additional Structures
Storage
Listing Agency:
The Property Group
(501) 663-0505
Listed By:
Phillip Bridges
(501) 541-5316
Added: Jul 16
Changed: Sep 13
Last Checked: Oct 4 at 9:06PM
MLS# 26028702
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 1,800-square-foot townhome includes three bedrooms, 2.5 bathrooms, generous living and dining areas, and a fireplace. All bedrooms are located upstairs, with the primary suite offering two closets and access to a second-level balcony. Interior features include a granite-slab kitchen counter, breakfast bar, built-ins, wood and vinyl flooring, and washer and dryer connections. The residence also includes a private patio, full fencing, outside storage, and assigned parking.
Located at 28 Kingsbridge Way in Little Rock, the property is within the Kingsbridge community, which provides a clubhouse, swimming pool, tennis courts, and pickleball courts. Notable updates include a roof replacement in 2018, upstairs flooring, HVAC installed in 2021, and a hot water heater installed in 2022. The home was built in 1976.
Located at 28 Kingsbridge Way in Little Rock, the property is within the Kingsbridge community, which provides a clubhouse, swimming pool, tennis courts, and pickleball courts. Notable updates include a roof replacement in 2018, upstairs flooring, HVAC installed in 2021, and a hot water heater installed in 2022. The home was built in 1976.
Key Highlights
- 1,800‑square‑foot townhome with 3 bedrooms and 2.5 bathrooms
- HVAC installed in 2021 and hot water heater installed in 2022
- Roof replacement completed in 2018
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
$14,548
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
6.96%
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%
$290,960
$291.0K
Cap Rate 7%
$207,829
$207.8K
Cap Rate 9%
$161,644
$161.6K
Market Conditions
NOI Build-Up for 1,800 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
$28.1K $15.60/SF
− Vacancy
−$1.6K −$0.90/SF
EGI
$26.5K $14.70/SF
− OpEx
−$11.9K −$6.61/SF
NOI
$14.5K $8.08/SF
Area
Little Rock, AR
Vacancy
5.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
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%
$290,960
Cap Rate 7%
$207,829
Cap Rate 9%
$161,644
Alternative Uses
Best Use
Apartment 5plus
$207.8K
$181.9K – $242.5K
NOI $14,548 @ 7.0% cap · market cap 6.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$327.0K
$286.1K – $381.5K
NOI $22,889 @ 7.0% cap · market cap 10.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
Explore this area
Business Placement
Demographics for 72212, AR
12,612
Population
5,469
Households
2.3
Avg Household Size
43
Median Age
72%
College-Educated
98%
High-School Grad
6.1 sq mi
ZIP Area
2,068
Density / Sq Mi
$116,310
Median Household Income
$66,158
Median Earnings
$1,089
Median Rent
$341,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom townhome with private patio, balcony access, assigned parking, and shared pool and recreation amenities.
Where is this residential income property located?
The property is located at 28 Kingsbridge Way Little Rock, AR.
What is the asking price?
The asking price for this property is $209,000.
What are key features of this property?
This property features: 1,800‑square‑foot townhome with 3 bedrooms and 2.5 bathrooms; HVAC installed in 2021 and hot water heater installed in 2022; Roof replacement completed in 2018
