Duplex with Two-Bedroom
New
For Sale
$189,000
605 Mimi Lane, Little Rock, AR 72211
MULTI_FAMILY - Little Rock, AR
Property Size1,782 SF
Lot Size0.22 Acres
Price / SF$106.06
Days on Market2
Property Features for 605 Mimi Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 1
Parking features
Carport
Interior features
Dryer Connection-Electric, Hot Water Heater-Gas, Smoke Detector, Fan - Ceiling
Appliances
Free-Standing Stove, Electric Range, Dishwasher, Free-Standing Stove, Electric Range, Dishwasher
Subdivision
Park Ruby
Lot features
Sloped, Level, In Subdivision
Elementary school
Terry
Middle school
Pinnacle View
High school
Central
Directions
From Markham & N Shackleford, Go north on N Shackleford, Right on Mara Lynn, Right on Mimi Lane. Duplex will be on the right.
Standard status
Active
Size
1,782 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Description
Lot 6
Tax Annual Amount
1765
Legal Description
Lot 6
Building Details
Year built
1969
Floors in Building
1
Number of units
2
Flooring type
Wood, Tile
Roof type
Composition
Architectural style
Other
Listing Agency:
Keller Williams Realty
(501) 907-5959
Listed By:
Yanyan Xie · License #SA00072425
(501) 580-8558
Added: Jul 30
Last Checked: Jul 31 at 2:06PM
MLS# 26030949
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 includes two units, each offering a functional two-bedroom, one-bath layout. Flooring is carpet-free throughout, with a mix of wood and tile finishes. Operational features include ceiling fans, smoke detectors, and utility connections such as electric dryer connections. Parking is provided via carport.
The property was built in 1969 and features a composition roof. Tenants are responsible for all utilities.
Recent upgrades include a roof and gutter system installed about five years ago, with attic insulation added to both units in March 2026. Unit B updates include a dishwasher and refrigerator about five years old, a hot water heater installed about three years ago, and several kitchen and bath components (including counters, microwave, hood, faucet, and ceiling fans) installed about five years old or one year old as noted. Unit A includes a dishwasher about five years old, along with bathroom subfloor and LVP flooring, toilet, and counter improvements about four years old. The duplex is currently fully occupied.
The property was built in 1969 and features a composition roof. Tenants are responsible for all utilities.
Recent upgrades include a roof and gutter system installed about five years ago, with attic insulation added to both units in March 2026. Unit B updates include a dishwasher and refrigerator about five years old, a hot water heater installed about three years ago, and several kitchen and bath components (including counters, microwave, hood, faucet, and ceiling fans) installed about five years old or one year old as noted. Unit A includes a dishwasher about five years old, along with bathroom subfloor and LVP flooring, toilet, and counter improvements about four years old. The duplex is currently fully occupied.
Key Highlights
- Two‑unit duplex with two‑bedroom, one‑bath layouts in each unit
- Carport parking
- Carpet‑free flooring throughout with wood and tile finishes
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.6k | $13.80 |
| − Vacancy | −$1.4k | −$0.76 |
| EGI | $23.2k | $13.04 |
| − OpEx | −$7.0k | −$3.91 |
| NOI | $16.3k | $9.13 |
1,782 SF · lease $13.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$232.4K
$203.3K – $271.1K
NOI $16,266 @ 7.0% cap · market cap 8.61%
Second Best
Apartment 5plus
$205.8K
$180.0K – $240.1K
NOI $14,403 @ 7.0% cap · market cap 7.62%
Theoretical Best
Office A
$323.7K
$283.3K – $377.7K
NOI $22,660 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,697
Businesses Nearby
Explore this area
Business Placement
Demographics for 72211, AR
24,338
Population
12,009
Households
2
Avg Household Size
35
Median Age
56%
College-Educated
97%
High-School Grad
8.3 sq mi
ZIP Area
2,932
Density / Sq Mi
$80,808
Median Household Income
$53,527
Median Earnings
$1,142
Median Rent
$257,800
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 - Well-maintained duplex with two functional two-bedroom, one-bath layouts and carport parking, with tenants paying utilities.
Where is this duplex located?
The property is located at 605 Mimi Lane Little Rock, AR.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Two‑unit duplex with two‑bedroom, one‑bath layouts in each unit; Carport parking; Carpet‑free flooring throughout with wood and tile finishes
