Ground-Level Two-Bedroom
For Sale
$124,500
301 Kingsrow Drive, Little Rock, AR 72207
Residential, Traditional, Little Rock, AR
Property Size1,063 SF
Price / SF$117.12
Days on Market42
Property Features for 301 Kingsrow Drive
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Great Room, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2
Parking features
Assigned
Patio and Porch features
Patio
Interior features
Washer Connection, Dryer Connection-Electric, Water Heater-Electric, Smoke Detector(s), Window Treatments, Ceiling Fan(s), Kit Counter- Granite Slab
Exterior features
Patio, Inground Pool
Fireplace
1
Appliances
Free-Standing Stove, Microwave, Electric Range, Surface Range, Dishwasher, Disposal, Refrigerator-Stays, Ice Maker Connection
Subdivision
TIMBER RIDGE HPR
Lot features
Level, In Subdivision
Directions
Cantrell to Kingsrow. Turn on Kingsrow. Turn in to Timber Ridge Condos
Standard status
Active
Size
1,063 SF
Taxes and HOA fees
Tax Year
2026
Tax Description
Lot 603
Tax Annual Amount
2010
HOA Fee
$240 Monthly
Legal Description
Lot 603
Building Details
Year built
2006
Floors in Building
1
Flooring type
Carpet, Tile
Roof type
Shingle
Architectural style
Other
Listing Agency:
RE/MAX Affiliates Realty · RE/MAX International
(501) 225-1950
Listed By:
Ralph Goacher
(501) 680-3196
Added: Aug 25
Changed: Sep 13
Last Checked: Oct 5 at 4:06AM
MLS# 26034705
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 1,063-square-foot condominium at 301 Kingsrow Drive offers a ground-level layout with two bedrooms, two bathrooms, and a great room. The 2006 residence includes a kitchen with granite-slab counters, an electric range, microwave, dishwasher, disposal, and refrigerator. Washer and dryer connections are provided, along with electric water heating, ceiling fans, window treatments, carpet, tile, and a fireplace.
Outdoor features include a patio and access to an inground pool, while assigned parking supports day-to-day convenience. The property is located in Little Rock’s Midtown area, within ZIP Code 72207.
Outdoor features include a patio and access to an inground pool, while assigned parking supports day-to-day convenience. The property is located in Little Rock’s Midtown area, within ZIP Code 72207.
Key Highlights
- 1,063 SF ground‑level condominium with two bedrooms and two bathrooms
- Built in 2006 with a great room, fireplace, carpet, and tile flooring
- Kitchen features granite‑slab counters, electric range, microwave, dishwasher, disposal, and refrigerator
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
$8,592
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
6.90%
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%
$171,840
$171.8K
Cap Rate 7%
$122,743
$122.7K
Cap Rate 9%
$95,467
$95.5K
Market Conditions
NOI Build-Up for 1,063 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
$16.6K $15.60/SF
− Vacancy
−$962 −$0.90/SF
EGI
$15.6K $14.70/SF
− OpEx
−$7.0K −$6.61/SF
NOI
$8.6K $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%
$171,840
Cap Rate 7%
$122,743
Cap Rate 9%
$95,467
Alternative Uses
Best Use
Apartment 5plus
$122.7K
$107.4K – $143.2K
NOI $8,592 @ 7.0% cap · market cap 6.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$193.1K
$169.0K – $225.3K
NOI $13,517 @ 7.0% cap · market cap 10.86%
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
573
Businesses Nearby
Explore this area
Business Placement
Demographics for 72207, AR
11,036
Population
5,800
Households
1.9
Avg Household Size
40
Median Age
69%
College-Educated
98%
High-School Grad
3.8 sq mi
ZIP Area
2,904
Density / Sq Mi
$93,958
Median Household Income
$59,658
Median Earnings
$942
Median Rent
$384,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Single-story residence with two bathrooms, assigned parking, a private patio, and access to an inground pool.
Where is this residential income property located?
The property is located at 301 Kingsrow Drive Little Rock, AR.
What is the asking price?
The asking price for this property is $124,500.
What are key features of this property?
This property features: 1,063 SF ground‑level condominium with two bedrooms and two bathrooms; Built in 2006 with a great room, fireplace, carpet, and tile flooring; Kitchen features granite‑slab counters, electric range, microwave, dishwasher, disposal, and refrigerator
