Two-Unit
For Sale
$179,900
331 & 333 W I Avenue #650, North Little Rock, AR 72116
Both residences offer a two-bedroom, one-bathroom layout, with a roof replacement completed in 2020.
Property Size1,519 SF
Price / SF$118.43
Days on Market57
Property Features for 331 & 333 W I Avenue #650
General Information
Standard status
Active
Size
1,519 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1953
Listing Agency:
PorchLight Realty - NLR
(501) 476-3994
Listed By:
Alicia Averitt Haley
(501) 831-4009
Source:
Dustinwhiterealty
Added: Sep 6
Changed: Nov 1
Last Checked: Oct 31 at 11:36PM
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 PorchLight Realty - NLR
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,519-square-foot duplex contains two residences, each arranged with two bedrooms and one bathroom. The property was built in 1953, and its roof was replaced in 2020.
Located in North Little Rock’s Park Hill area, the duplex has access to shopping, dining, and major thoroughfares.
Located in North Little Rock’s Park Hill area, the duplex has access to shopping, dining, and major thoroughfares.
Key Highlights
- Two 2‑bedroom, 1‑bathroom residences
- 1,519 square feet
- Roof replaced in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,765
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,300
$255.3K
Cap Rate 7%
$182,357
$182.4K
Cap Rate 9%
$141,833
$141.8K
Market Conditions
NOI Build-Up for 1,519 SF
Gross rent
$19.5K $12.84/SF
− Vacancy
−$1.3K −$0.83/SF
EGI
$18.2K $12.01/SF
− OpEx
−$5.5K −$3.60/SF
NOI
$12.8K $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%
$255,300
Cap Rate 7%
$182,357
Cap Rate 9%
$141,833
Alternative Uses
Best Use
Multifamily LT 5
$182.4K
$159.6K – $212.8K
NOI $12,765 @ 7.0% cap · market cap 7.10%
Second Best
Apartment 5plus
$163.2K
$142.8K – $190.5K
NOI $11,427 @ 7.0% cap · market cap 6.35%
Theoretical Best
Specialty Retail
$289.8K
$253.5K – $338.1K
NOI $20,283 @ 7.0% cap · market cap 11.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
643
Businesses Nearby
Explore this area
Business Placement
Demographics for 72116, AR
21,715
Population
10,556
Households
2.1
Avg Household Size
42
Median Age
42%
College-Educated
97%
High-School Grad
6.5 sq mi
ZIP Area
3,341
Density / Sq Mi
$75,490
Median Household Income
$46,256
Median Earnings
$1,058
Median Rent
$218,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer a two-bedroom, one-bathroom layout, with a roof replacement completed in 2020.
Where is this duplex located?
The property is located at 331 & 333 W I Avenue #650 North Little Rock, AR.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bathroom residences; 1,519 square feet; Roof replaced in 2020
