First-Floor Residential Income
For Sale
$151,000
416 N Pierce St, Little Rock, AR 72205
Residential, Traditional, Little Rock, AR
Property Size1,156 SF
Price / SF$130.62
Days on Market17
Property Features for 416 N Pierce St
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 2, Bedroom 1
Patio and Porch features
Porch
Exterior features
Screened Porch
Fireplace
1
Appliances
Built-In Stove, Dishwasher, Disposal
Subdivision
LINDEN COURT CONDO HPR
Lot features
Sloped
Directions
Driving North on University, Turn right on Lee, Right on Pierce. The Unit is on the bottom floor of the first Building on the right. Directly in front of the parking lot.
Standard status
Active
APN
34L-104-01-015-00
Size
1,156 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
Unit 15
Tax Annual Amount
1933
HOA Fee
$350 Monthly
Legal Description
Unit 15
Amenities
pool
screened porch
Building Details
Year built
1984
Floors in Building
1
Flooring type
Wood, Tile
Roof type
Shingle
Architectural style
Other
Listing Agency:
LPT Realty · RE/MAX International
(501) 291-3841
Listed By:
Bekah Connell
(479) 787-0259
Added: Aug 4
Changed: Aug 19
Last Checked: Aug 20 at 12:06PM
MLS# 26031698
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 1,156-square-foot first-floor condominium includes two bedrooms, one bathroom, a screened porch, and substantial cabinetry and closet storage. The interior features wood and tile flooring, a fireplace, and a kitchen equipped with a built-in stove, dishwasher, and disposal. The home was built in 1984 and has a shingle roof.
Located at 416 N Pierce St in Little Rock, the property offers access to parking, a community pool, shopping, and dining. The pool is positioned just steps from the front door, while the screened porch provides an additional enclosed outdoor area. The combination of first-floor placement, practical storage, and established residential features supports a low-maintenance condominium format.
Located at 416 N Pierce St in Little Rock, the property offers access to parking, a community pool, shopping, and dining. The pool is positioned just steps from the front door, while the screened porch provides an additional enclosed outdoor area. The combination of first-floor placement, practical storage, and established residential features supports a low-maintenance condominium format.
Key Highlights
- 1,156‑square‑foot first‑floor condominium
- Two bedrooms and one bathroom
- Screened porch and community pool just steps from the front door
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
$9,343
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
6.19%
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%
$186,860
$186.9K
Cap Rate 7%
$133,471
$133.5K
Cap Rate 9%
$103,811
$103.8K
Market Conditions
NOI Build-Up for 1,156 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
$18.0K $15.60/SF
− Vacancy
−$1.0K −$0.90/SF
EGI
$17.0K $14.70/SF
− OpEx
−$7.6K −$6.61/SF
NOI
$9.3K $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%
$186,860
Cap Rate 7%
$133,471
Cap Rate 9%
$103,811
Alternative Uses
Best Use
Apartment 5plus
$133.5K
$116.8K – $155.7K
NOI $9,343 @ 7.0% cap · market cap 6.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$210.0K
$183.8K – $245.0K
NOI $14,700 @ 7.0% cap · market cap 9.74%
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
1,860
Businesses Nearby
Explore this area
Business Placement
Demographics for 72205, AR
22,888
Population
12,187
Households
1.9
Avg Household Size
39
Median Age
54%
College-Educated
96%
High-School Grad
8.0 sq mi
ZIP Area
2,861
Density / Sq Mi
$62,888
Median Household Income
$50,948
Median Earnings
$1,110
Median Rent
$204,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Screened porch, community pool access, and generous cabinetry and closet storage add practical convenience to this first-floor residence.
Where is this residential income property located?
The property is located at 416 N Pierce St Little Rock, AR.
What is the asking price?
The asking price for this property is $151,000.
What are key features of this property?
This property features: 1,156‑square‑foot first‑floor condominium; Two bedrooms and one bathroom; Screened porch and community pool just steps from the front door
