Duplex with Enclosed
New
For Sale
$225,000
4322 W 17Th St, Little Rock, AR 72204
Residential, Traditional, Little Rock, AR
Property Size2,086 SF
Lot Size0.16 Acres
Price / SF$107.86
Days on Market2
Property Features for 4322 W 17Th St
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 6, Bedroom 5
Subdivision
JOHNSON S J
Lot features
Level
Directions
From W 12th Street, turn south onto Peyton Street. Continue to W 17th Street. Property is located on the corner of Peyton Street and W 17th Street. weichert.com
Standard status
Active
APN
34L-162-00-135-00
Size
2,086 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 7 Block 15
Tax Annual Amount
1578
Legal Description
Lot 7 Block 15
Amenities
enclosed porch
open porch
concrete driveway
iron fencing
pavers
masonry wall
utility building
Building Details
Year built
1906
Floors in Building
1
Flooring type
Vinyl
Roof type
Shingle
Architectural style
Other
Listing Agency:
Compass Group Real Estate
(501) 749-4801
Listed By:
Whitney Hicks
(501) 992-7341
Added: Oct 3
Last Checked: Oct 4 at 6:06PM
MLS# 26040117
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 one-story duplex contains 2,086 square feet across two separate living spaces. Interior features include vinyl flooring and central heat and air, while an enclosed porch and a second, open porch add covered outdoor areas. The shingle roof and utility building are additional improvements.
The property occupies a 0.16-acre corner lot with a concrete driveway, iron fencing, pavers, and a masonry wall. Built in 1906, the duplex is located at 4322 W 17th Street in Little Rock.
The property occupies a 0.16-acre corner lot with a concrete driveway, iron fencing, pavers, and a masonry wall. Built in 1906, the duplex is located at 4322 W 17th Street in Little Rock.
Key Highlights
- 2,086‑square‑foot duplex with two separate living spaces
- One‑story building constructed in 1906
- 0.16‑acre corner parcel
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
$19,040
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
8.46%
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%
$380,800
$380.8K
Cap Rate 7%
$272,000
$272.0K
Cap Rate 9%
$211,556
$211.6K
Market Conditions
NOI Build-Up for 2,086 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
$28.8K $13.80/SF
− Vacancy
−$1.6K −$0.76/SF
EGI
$27.2K $13.04/SF
− OpEx
−$8.2K −$3.91/SF
NOI
$19.0K $9.13/SF
Area
Little Rock, AR
Vacancy
5.51%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
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%
$380,800
Cap Rate 7%
$272,000
Cap Rate 9%
$211,556
Alternative Uses
Best Use
Multifamily LT 5
$272.0K
$238.0K – $317.3K
NOI $19,040 @ 7.0% cap · market cap 8.46%
Second Best
Apartment 5plus
$240.9K
$210.8K – $281.0K
NOI $16,860 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$378.9K
$331.6K – $442.1K
NOI $26,526 @ 7.0% cap · market cap 11.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
339
Businesses Nearby
Explore this area
Business Placement
Demographics for 72204, AR
31,564
Population
14,570
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
89%
High-School Grad
15.2 sq mi
ZIP Area
2,077
Density / Sq Mi
$39,088
Median Household Income
$29,733
Median Earnings
$1,016
Median Rent
$117,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate living areas sit on a fenced corner lot with outdoor storage.
Where is this duplex located?
The property is located at 4322 W 17Th St Little Rock, AR.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 2,086‑square‑foot duplex with two separate living spaces; One‑story building constructed in 1906; 0.16‑acre corner parcel
