Residential Income Property with
New
For Sale
Under Contract
$184,999
2801 Foxcroft #11, Little Rock, AR 72227
Residential, Salt Box, Little Rock, AR
Property Size1,512 SF
Price / SF$122.35
Days on Market4
Property Features for 2801 Foxcroft #11
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 2, Bathroom 2
Parking features
Assigned
Patio and Porch features
Porch, Patio, Deck
Interior features
Washer Connection, Washer-Stays, Dryer Connection-Electric, Dryer-Stays, Water Heater-Gas, Window Treatments, Walk-In Closet(s), Ceiling Fan(s)
Exterior features
Patio, Deck, Porch, Partially Fenced, Outside Storage Area, Inground Pool
Fencing
Partial
Fireplace
1
Appliances
Free-Standing Stove, Microwave, Electric Range, Dishwasher, Disposal, Refrigerator-Stays, Ice Maker Connection
Subdivision
RENAISSANCE ADDN
Lot features
Level, Zero Lot Line, In Subdivision
Elementary school
Jefferson
Middle school
Pulaski Heights
High school
Central
Directions
Cantrell to Foxcroft then right into unit... White brick
Standard status
Active Under Contract
Size
1,512 SF
Taxes and HOA fees
Tax Description
Unit 11
Tax Annual Amount
2299
HOA Fee
$375 Monthly
Legal Description
Unit 11
Amenities
swimming pool
Building Details
Year built
1975
Floors in Building
2
Flooring type
Parquet Wood, Vinyl, Tile
Roof type
Composition
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Janet Jones Company
(501) 224-3201
Listed By:
Catherine Langley
(501) 230-3287
Added: Oct 2
Last Checked: Oct 5 at 12:06AM
MLS# 26040024
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 1,512-square-foot condominium has a two-level layout, with living, dining, and kitchen areas plus a half bath on the main floor. The upper level contains two bedrooms and two full bathrooms, including an ensuite. Parquet wood, vinyl, and tile flooring are present, and the unit includes a private patio and two assigned parking spaces.
The residential complex features an in-ground swimming pool and shared common areas. Built in 1975, the property also has a fireplace, partial fencing, and an outside storage area.
The residential complex features an in-ground swimming pool and shared common areas. Built in 1975, the property also has a fireplace, partial fencing, and an outside storage area.
Key Highlights
- 1,512‑square‑foot condominium with two bedrooms, two full bathrooms, and a half bath
- Two assigned parking spaces
- Private patio and access to the complex’s in‑ground swimming pool
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
$12,221
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
6.61%
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%
$244,420
$244.4K
Cap Rate 7%
$174,586
$174.6K
Cap Rate 9%
$135,789
$135.8K
Market Conditions
NOI Build-Up for 1,512 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
$23.6K $15.60/SF
− Vacancy
−$1.4K −$0.90/SF
EGI
$22.2K $14.70/SF
− OpEx
−$10.0K −$6.61/SF
NOI
$12.2K $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%
$244,420
Cap Rate 7%
$174,586
Cap Rate 9%
$135,789
Alternative Uses
Best Use
Apartment 5plus
$174.6K
$152.8K – $203.7K
NOI $12,221 @ 7.0% cap · market cap 6.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$274.7K
$240.3K – $320.5K
NOI $19,227 @ 7.0% cap · market cap 10.39%
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
481
Businesses Nearby
Explore this area
Business Placement
Demographics for 72227, AR
11,090
Population
5,700
Households
1.9
Avg Household Size
41
Median Age
55%
College-Educated
98%
High-School Grad
3.8 sq mi
ZIP Area
2,918
Density / Sq Mi
$73,533
Median Household Income
$52,565
Median Earnings
$1,035
Median Rent
$260,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A two-level residence offers two bedrooms, two full bathrooms, a half bath, and a private patio.
Where is this residential income property located?
The property is located at 2801 Foxcroft #11 Little Rock, AR.
What is the asking price?
The asking price for this property is $184,999.
What are key features of this property?
This property features: 1,512‑square‑foot condominium with two bedrooms, two full bathrooms, and a half bath; Two assigned parking spaces; Private patio and access to the complex’s in‑ground swimming pool
