Duplex with Private Fenced
For Sale
$595,000
515 E 17th St, Little Rock, AR 72206
Two standalone residences include garages, furnished interiors, and flexible rental use.
Property Size2,926 SF
Price / SF$203.35
Days on Market52
Property Features for 515 E 17th St
General Information
Standard status
Active
Size
2,926 SF
Total Parking Spaces
2
Property subtype
Multi-family
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Parking per Unit
1
Amenities
private fenced yard
Building Details
Year Built
2023
Listing Agency:
HomeWay Realty
Listed By:
Nicole Nark
(501) 612-3965
Source:
Heilesassociatesrealtors
Added: Aug 26
Changed: Oct 13
Last Checked: Oct 16 at 8:56AM
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 HomeWay Realty
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Investment Insights
Based on property information with market context.
This 2,926-square-foot duplex contains two standalone three-bedroom, two-and-one-half-bath units. Each residence includes a one-car garage, a private fenced yard, and furnishings throughout. Constructed in 2023, the property offers recently completed roofs, mechanical systems, and interior finishes.
The duplex is in downtown Little Rock, approximately five minutes from the airport and near major hospitals. Both units have operated as long-term and short-term rentals, providing two documented rental formats for consideration. Furnishings are negotiable, and the property can support a furnished operating model subject to the buyer’s plans.
The duplex is in downtown Little Rock, approximately five minutes from the airport and near major hospitals. Both units have operated as long-term and short-term rentals, providing two documented rental formats for consideration. Furnishings are negotiable, and the property can support a furnished operating model subject to the buyer’s plans.
Key Highlights
- 2,926 SF duplex with two standalone units
- Two 3BR/2.5BA residences, each with a 1‑car garage
- Private fenced yard assigned to each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,708
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,160
$534.2K
Cap Rate 7%
$381,543
$381.5K
Cap Rate 9%
$296,756
$296.8K
Market Conditions
NOI Build-Up for 2,926 SF
Gross rent
$40.4K $13.80/SF
− Vacancy
−$2.2K −$0.76/SF
EGI
$38.2K $13.04/SF
− OpEx
−$11.4K −$3.91/SF
NOI
$26.7K $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 Rate 5%
$534,160
Cap Rate 7%
$381,543
Cap Rate 9%
$296,756
Alternative Uses
Best Use
Multifamily LT 5
$381.5K
$333.9K – $445.1K
NOI $26,708 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$337.8K
$295.6K – $394.2K
NOI $23,649 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$531.5K
$465.1K – $620.1K
NOI $37,208 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
664
Businesses Nearby
Explore this area
Business Placement
Demographics for 72206, AR
22,974
Population
10,080
Households
2.3
Avg Household Size
43
Median Age
20%
College-Educated
87%
High-School Grad
111.6 sq mi
ZIP Area
206
Density / Sq Mi
$49,145
Median Household Income
$35,157
Median Earnings
$910
Median Rent
$132,100
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
Frequently Asked Questions
What type of property is this?
Duplex - Two standalone residences include garages, furnished interiors, and flexible rental use.
Where is this duplex located?
The property is located at 515 E 17th St Little Rock, AR.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 2,926 SF duplex with two standalone units; Two 3BR/2.5BA residences, each with a 1‑car garage; Private fenced yard assigned to each unit
