Leased Duplex with
New
For Sale
$162,000
4812/4814 Lynn Lane, North Little Rock, AR 72118
Multi-Family, Traditional, North Little Rock, AR
Property Size1,386 SF
Lot Size0.18 Acres
Price / SF$116.88
Days on Market7
Property Features for 4812/4814 Lynn Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 3
Parking features
Carport
Interior features
Washer Connection, Dryer Connection-Electric, Hot Water Heater-Electric, Smoke Detector, Fan - Ceiling
Exterior features
Outside Storage Area
Appliances
Free-Standing Stove, Electric Range, Disposal, Refrigerator-Stays, Free-Standing Stove, Electric Range, Disposal, Refrigerator-Stays
Subdivision
ARROW HEAD MANOR
Lot features
Level, In Subdivision
Directions
MacArthur Drive to Lynn Lane
Standard status
Active
APN
33N0520006500
Size
1,386 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Lot 4 Blk 4 Arrowhead manor
Tax Annual Amount
1623
Legal Description
Lot 4 Blk 4 Arrowhead manor
Building Details
Year built
1963
Floors in Building
1
Number of units
2
Flooring type
Tile, Carpet - Full
Roof type
Composition
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Eleven 11 Company
(501) 349-2383
Listed By:
Nina DuBois
(501) 349-2383
Added: Aug 26
Changed: Sep 1
Last Checked: Sep 1 at 11:06AM
MLS# 26034856
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 1-bedroom and 2-bedroom units within a 1,386-square-foot property. Both residences feature open floor plans, electric appliances and water heaters, washer and dryer connections, tile and carpet flooring, ceiling fans, smoke detectors, and refrigerators that remain. Each unit also includes a carport, while an outside storage area provides additional utility.
Built in 1963, the property sits on a 0.18-acre lot in North Little Rock. Both units are leased to long-term tenants, and local transportation opportunities are located nearby.
Built in 1963, the property sits on a 0.18-acre lot in North Little Rock. Both units are leased to long-term tenants, and local transportation opportunities are located nearby.
Key Highlights
- Two‑unit duplex with 1‑bedroom and 2‑bedroom residences
- 1,386 square feet on a 0.18‑acre lot
- Both units leased to long‑term tenants
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
$11,648
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
7.19%
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%
$232,960
$233.0K
Cap Rate 7%
$166,400
$166.4K
Cap Rate 9%
$129,422
$129.4K
Market Conditions
NOI Build-Up for 1,386 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
$17.8K $12.84/SF
− Vacancy
−$1.2K −$0.83/SF
EGI
$16.6K $12.01/SF
− OpEx
−$5.0K −$3.60/SF
NOI
$11.6K $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%
$232,960
Cap Rate 7%
$166,400
Cap Rate 9%
$129,422
Alternative Uses
Best Use
Multifamily LT 5
$166.4K
$145.6K – $194.1K
NOI $11,648 @ 7.0% cap · market cap 7.19%
Second Best
Apartment 5plus
$149.0K
$130.3K – $173.8K
NOI $10,427 @ 7.0% cap · market cap 6.44%
Theoretical Best
Specialty Retail
$264.4K
$231.3K – $308.5K
NOI $18,507 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
Explore this area
Business Placement
Demographics for 72118, AR
22,582
Population
10,823
Households
2.1
Avg Household Size
37
Median Age
20%
College-Educated
88%
High-School Grad
27.6 sq mi
ZIP Area
818
Density / Sq Mi
$47,266
Median Household Income
$35,608
Median Earnings
$978
Median Rent
$115,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with distinct bedroom layouts, electric systems, and covered vehicle parking.
Where is this duplex located?
The property is located at 4812/4814 Lynn Lane North Little Rock, AR.
What is the asking price?
The asking price for this property is $162,000.
What are key features of this property?
This property features: Two‑unit duplex with 1‑bedroom and 2‑bedroom residences; 1,386 square feet on a 0.18‑acre lot; Both units leased to long‑term tenants
