Residential Income Property with
New
For Sale
$157,000
2805 Foxcroft #204 Road, Little Rock, AR 72227
CONDOS - Little Rock, AR
Property Size1,056 SF
Price / SF$148.67
Days on Market7
Property Features for 2805 Foxcroft #204 Road
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
3
Full bathrooms
1
Half bathrooms
2
Rooms
Bathroom 2, Bathroom 3, Living Room, Bedroom 2, Bedroom 1, Bathroom 1
Parking features
Assigned
Patio and Porch features
Patio
Interior features
Water Heater-Electric, Window Treatments, Built-Ins, Ceiling Fan(s)
Exterior features
Patio, Fully Fenced, Wood Fence
Fencing
Wood, Full
Fireplace
1
Appliances
Free-Standing Stove, Microwave, Electric Range, Dishwasher, Disposal
Subdivision
Foxcroft
Lot features
Level, In Subdivision
Directions
From Cantrell head North on Foxcroft Road, Take Rt into Foxcroft Square, condo is on the right side
Standard status
Active
APN
43L-065-05-008-00
Size
1,056 SF
Taxes and HOA fees
Tax Description
Lot 204
Tax Annual Amount
1752
HOA Fee
$343 Monthly
Legal Description
Lot 204
Amenities
fireplace
private patio
community pool
clubhouse
Building Details
Year built
1975
Floors in Building
2
Flooring type
Carpet, Parquet Wood, Tile
Roof type
Shingle
Architectural style
Other
Listing Agency:
Capital Sotheby's International Realty
(501) 551-0207
Listed By:
Chris Marsh
(501) 200-2161
Added: Aug 6
Last Checked: Aug 12 at 2:06AM
MLS# 26032036
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 1,056-square-foot condominium, built in 1975, is arranged across two levels with two bedrooms and two-and-a-half bathrooms. The main floor includes a living and dining area with a fireplace, a kitchen with maple cabinetry and quartz countertops, and a half bath. Upstairs are the bedrooms, including a primary bedroom with a private half bath, along with a full hall bathroom. Recent improvements include new windows and a door in the lower-level living area, new upstairs carpet, and installation of a mini-split system.
The home also offers a fully fenced patio, assigned parking, wood fencing, parquet wood, carpet, and tile flooring. A refrigerator, washer, and dryer convey with the property. Community amenities include a pool and clubhouse. Located in Little Rock, the condominium is within the 72227 postal area.
The home also offers a fully fenced patio, assigned parking, wood fencing, parquet wood, carpet, and tile flooring. A refrigerator, washer, and dryer convey with the property. Community amenities include a pool and clubhouse. Located in Little Rock, the condominium is within the 72227 postal area.
Key Highlights
- 1,056‑square‑foot condominium with two bedrooms and two‑and‑a‑half bathrooms
- Kitchen includes custom maple cabinetry, soft‑close drawers, and quartz countertops
- New windows and door in downstairs living area
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
$8,535
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
5.44%
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%
$170,700
$170.7K
Cap Rate 7%
$121,929
$121.9K
Cap Rate 9%
$94,833
$94.8K
Market Conditions
NOI Build-Up for 1,056 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
$16.5K $15.60/SF
− Vacancy
−$955 −$0.90/SF
EGI
$15.5K $14.70/SF
− OpEx
−$7.0K −$6.61/SF
NOI
$8.5K $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%
$170,700
Cap Rate 7%
$121,929
Cap Rate 9%
$94,833
Alternative Uses
Best Use
Apartment 5plus
$121.9K
$106.7K – $142.3K
NOI $8,535 @ 7.0% cap · market cap 5.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$191.8K
$167.9K – $223.8K
NOI $13,428 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
240
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-level condominium with updated kitchen finishes, private outdoor space, and shared pool and clubhouse access.
Where is this residential income property located?
The property is located at 2805 Foxcroft #204 Road Little Rock, AR.
What is the asking price?
The asking price for this property is $157,000.
What are key features of this property?
This property features: 1,056‑square‑foot condominium with two bedrooms and two‑and‑a‑half bathrooms; Kitchen includes custom maple cabinetry, soft‑close drawers, and quartz countertops; New windows and door in downstairs living area
