Two-Unit Duplex with Dedicated
For Sale
$125,000
4600 Gum St, North Little Rock, AR 72120
Fully occupied residential property with in-place appliances, dedicated parking, and all-electric service.
Property Size1,120 SF
Price / SF$111.61
Days on Market78
Property Features for 4600 Gum St
General Information
Standard status
Active
Size
1,120 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$13,200
Building Details
Year Built
1950
Listing Agency:
Michele Phillips & Co. Realtors
Listed By:
Teresa Burl
(501) 442-0214
Source:
Signaturearkansas
Added: Aug 14
Changed: Oct 26
Last Checked: Oct 7 at 2:49PM
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 Michele Phillips & Co. Realtors
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Investment Insights
Based on property information with market context.
Located at 4600 Gum St in North Little Rock, Arkansas, this duplex includes two residential units, each configured with 1 bedroom and 1 bathroom. The property is fully occupied and offers a straightforward two-unit layout for an owner seeking an established residential income asset.
Each unit is equipped with a refrigerator, range, and stackable washer and dryer. The appliances are owned by the seller and convey with the property. Dedicated parking serves the residents, while all-electric systems support both units.
Each unit is equipped with a refrigerator, range, and stackable washer and dryer. The appliances are owned by the seller and convey with the property. Dedicated parking serves the residents, while all-electric systems support both units.
Key Highlights
- Two 1BR/1BA units in a single duplex property
- Fully occupied at the time of listing
- Refrigerator, range, and stackable washer & dryer in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,412
Cap Rate
7.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$188,240
$188.2K
Cap Rate 7%
$134,457
$134.5K
Cap Rate 9%
$104,578
$104.6K
Market Conditions
NOI Build-Up for 1,120 SF
Gross rent
$14.4K $12.84/SF
− Vacancy
−$935 −$0.83/SF
EGI
$13.4K $12.01/SF
− OpEx
−$4.0K −$3.60/SF
NOI
$9.4K $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%
$188,240
Cap Rate 7%
$134,457
Cap Rate 9%
$104,578
Alternative Uses
Best Use
Multifamily LT 5
$134.5K
$117.7K – $156.9K
NOI $9,412 @ 7.0% cap · market cap 7.53%
Second Best
Apartment 5plus
$120.4K
$105.3K – $140.4K
NOI $8,426 @ 7.0% cap · market cap 6.74%
Theoretical Best
Specialty Retail
$213.6K
$186.9K – $249.3K
NOI $14,955 @ 7.0% cap · market cap 11.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
441
Businesses Nearby
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Business Placement
Demographics for 72120, AR
34,784
Population
15,216
Households
2.3
Avg Household Size
41
Median Age
35%
College-Educated
95%
High-School Grad
54.2 sq mi
ZIP Area
642
Density / Sq Mi
$75,853
Median Household Income
$48,453
Median Earnings
$1,026
Median Rent
$189,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied residential property with in-place appliances, dedicated parking, and all-electric service.
Where is this duplex located?
The property is located at 4600 Gum St North Little Rock, AR.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Two 1BR/1BA units in a single duplex property; Fully occupied at the time of listing; Refrigerator, range, and stackable washer & dryer in each unit
