Electric Duplex with Dedicated
For Sale
$125,000
4600 GUM Street, North Little Rock, AR 72120
Multi-Family, Traditional, North Little Rock, AR
Property Size1,120 SF
Lot Size0.26 Acres
Price / SF$111.61
Days on Market52
Property Features for 4600 GUM Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1
Interior features
Washer Connection, Washer-Stays, Dryer-Stays, Hot Water Heater-Electric
Appliances
Free-Standing Stove, Dishwasher, Free-Standing Stove, Dishwasher
Subdivision
Franks JL
Lot features
Level, In Subdivision
Directions
I -40 West Take Camp Robinson exit follow Camp Robinson to 47th St. (McCain), Left on 47th St. Then Left on Allen, then Left on 46th Street which becomes GUM Street.
Standard status
Active
APN
33N1480002701
Size
1,120 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Lot 27
Tax Annual Amount
947
Legal Description
Lot 27
Building Details
Year built
1950
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
Michele Phillips & Co. Realtors
(501) 834-3433
Listed By:
Teresa Burl
(501) 442-0214
Added: Jul 24
Changed: Sep 13
Last Checked: Sep 13 at 2:06PM
MLS# 26030254
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 duplex contains two 1BR/1BA residences within 1,120 square feet. Built in 1950, the property includes vinyl flooring, composition shingle roofing, and all-electric systems with electric water heating. Both units are occupied and convey with seller-owned appliances, including free-standing stoves, dishwashers, refrigerators, and stackable washer-and-dryer units.
The 0.26-acre property is located at 4600 GUM Street in North Little Rock, Arkansas, within Pulaski County. Dedicated parking serves the residences. The unit configuration, in-place occupancy, and included appliances provide a straightforward multifamily layout for continued residential income use.
The 0.26-acre property is located at 4600 GUM Street in North Little Rock, Arkansas, within Pulaski County. Dedicated parking serves the residences. The unit configuration, in-place occupancy, and included appliances provide a straightforward multifamily layout for continued residential income use.
Key Highlights
- Two 1BR/1BA units totaling 1,120 Square Feet
- Fully occupied duplex at 4600 GUM Street, North Little Rock, AR 72120
- 0.26‑acre lot with dedicated parking
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
$9,412
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
7.53%
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%
$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
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
$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 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%
$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.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
441
Businesses Nearby
Explore this area
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
Check the figures for this property
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 occupied one-bedroom units include seller-owned appliances and dedicated tenant parking.
Where is this duplex located?
The property is located at 4600 GUM Street 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 totaling 1,120 Square Feet; Fully occupied duplex at 4600 GUM Street, North Little Rock, AR 72120; 0.26‑acre lot with dedicated parking
