Updated Duplex with
For Sale
$194,900
4717 - 4719 Ridge Road, North Little Rock, AR 72116
Multi-Family, Traditional, North Little Rock, AR
Property Size2,112 SF
Lot Size0.30 Acres
Price / SF$92.28
Days on Market58
Property Features for 4717 - 4719 Ridge Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Patio and Porch features
Porch, Deck
Exterior features
Deck, Porch
Appliances
Free-Standing Stove, Electric Range, Dishwasher, Pantry, Refrigerator-Stays, Free-Standing Stove, Electric Range, Dishwasher, Pantry, Refrigerator-Stays
Subdivision
Neely
Lot features
Sloped, In Subdivision
Directions
From JFK, turn west on McCain, right on Ridge.
Standard status
Active
Size
2,112 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Description
Lot 6
Tax Annual Amount
1365
Legal Description
Lot 6
Amenities
deck
private backyard
Building Details
Year built
1986
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Carpet - Partial
Roof type
Composition
Architectural style
Other
Listing Agency:
Janet Jones Company
(501) 224-3201
Listed By:
Laurel Lawrence
(501) 765-5177
Added: Jun 24
Changed: Aug 19
Last Checked: Aug 20 at 9:06AM
MLS# 26025511
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.
Updated townhouse duplex located at 4717–4719 Ridge Road in North Little Rock. Each unit offers an open living and dining area, a kitchen with pantry and laundry space, and a powder room on the main level. Upstairs, there are two bedrooms, each with its own en-suite bath. Both units include a deck off the kitchen overlooking a private backyard, with appliances conveying.
The interiors in both units have been newly painted, and the right unit features new luxury vinyl flooring. Exterior features include decks and a porch. The property was built in 1986 and has a composition roof.
Both units are currently rented.
The interiors in both units have been newly painted, and the right unit features new luxury vinyl flooring. Exterior features include decks and a porch. The property was built in 1986 and has a composition roof.
Both units are currently rented.
Key Highlights
- Two‑bedroom townhouse duplex with en‑suite bathrooms in each unit
- Deck off each kitchen overlooking a private backyard
- Newly painted interiors in both units and new luxury vinyl flooring in the right unit
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
$17,749
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
9.11%
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%
$354,980
$355.0K
Cap Rate 7%
$253,557
$253.6K
Cap Rate 9%
$197,211
$197.2K
Market Conditions
NOI Build-Up for 2,112 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
$27.1K $12.84/SF
− Vacancy
−$1.8K −$0.83/SF
EGI
$25.4K $12.01/SF
− OpEx
−$7.6K −$3.60/SF
NOI
$17.7K $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%
$354,980
Cap Rate 7%
$253,557
Cap Rate 9%
$197,211
Alternative Uses
Best Use
Multifamily LT 5
$253.6K
$221.9K – $295.8K
NOI $17,749 @ 7.0% cap · market cap 9.11%
Second Best
Apartment 5plus
$227.0K
$198.6K – $264.8K
NOI $15,888 @ 7.0% cap · market cap 8.15%
Theoretical Best
Specialty Retail
$402.9K
$352.5K – $470.0K
NOI $28,201 @ 7.0% cap · market cap 14.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
629
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Updated townhouse duplex with two bedrooms per unit, en-suite baths, and decks off the kitchen overlooking private backyards.
Where is this duplex located?
The property is located at 4717 - 4719 Ridge Road North Little Rock, AR.
What is the asking price?
The asking price for this property is $194,900.
What are key features of this property?
This property features: Two‑bedroom townhouse duplex with en‑suite bathrooms in each unit; Deck off each kitchen overlooking a private backyard; Newly painted interiors in both units and new luxury vinyl flooring in the right unit
