New Construction
701 W 22nd Street, North Little Rock, AR 72114
For Sale
$369,900
Multi-Family, Traditional, North Little Rock, AR
Property Size2,560 SF
Lot Size0.16 Acres
Price / SF$144.49
Days on Market65
Property Features for 701 W 22nd Street
General Information
Property type
Property subtype
Property condition
Interior features
Appliances
Subdivision
Lot features
Directions
Standard status
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Floors in Building
Number of units
Flooring type
Roof type
Architectural style
Buildings
Listing Agency:
Riverwalk Real Estate
Listed By:
Cope Gracy
(479) 530-5060
Added: Sep 6
Changed: Nov 9
Last Checked: Nov 9 at 8:06PM
MLS# 26036482
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex is under construction and is scheduled for completion in 2026. The 2,560-square-foot property contains two units, each with 3 bedrooms, 2 bathrooms, an open-concept floor plan, a spacious living area, a modern kitchen, and a private primary suite. Vinyl and tile flooring, shingle roofing, ceiling fans, and washer and electric dryer connections are included. Appliances include electric ranges, dishwashers, disposals, microwaves, and ice maker connections.
The property is located at 701 W 22nd Street in North Little Rock, near downtown North Little Rock, the Argenta District, shopping, restaurants, schools, parks, and major highways. The 0.16-acre lot supports a compact residential income property configuration with two separately arranged living units.
The property is located at 701 W 22nd Street in North Little Rock, near downtown North Little Rock, the Argenta District, shopping, restaurants, schools, parks, and major highways. The 0.16-acre lot supports a compact residential income property configuration with two separately arranged living units.
Key Highlights
- Duplex with 2 units totaling 2,560 square feet
- Each unit includes 3 bedrooms and 2 bathrooms
- Open‑concept floor plans with spacious living areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,514
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$430,280
$430.3K
Cap Rate 7%
$307,343
$307.3K
Cap Rate 9%
$239,044
$239.0K
Market Conditions
NOI Build-Up for 2,560 SF
Gross rent
$32.9K $12.84/SF
− Vacancy
−$2.1K −$0.83/SF
EGI
$30.7K $12.01/SF
− OpEx
−$9.2K −$3.60/SF
NOI
$21.5K $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 Rate 5%
$430,280
Cap Rate 7%
$307,343
Cap Rate 9%
$239,044
Alternative Uses
Best Use
Multifamily LT 5
$307.3K
$268.9K – $358.6K
NOI $21,514 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$275.1K
$240.7K – $321.0K
NOI $19,258 @ 7.0% cap · market cap 5.21%
Theoretical Best
Specialty Retail
$488.3K
$427.3K – $569.7K
NOI $34,183 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
633
Businesses Nearby
Explore this area
Business Placement
Demographics for 72114, AR
10,957
Population
6,733
Households
1.6
Avg Household Size
38
Median Age
19%
College-Educated
84%
High-School Grad
7.7 sq mi
ZIP Area
1,423
Density / Sq Mi
$28,594
Median Household Income
$27,564
Median Earnings
$781
Median Rent
$87,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in North Little Rock, AR
Properties on Market for Duplexes in North Little Rock
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with open-concept interiors, modern kitchens, and private primary suites.
Where is this duplex located?
The property is located at 701 W 22nd Street North Little Rock, AR.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Duplex with 2 units totaling 2,560 square feet; Each unit includes 3 bedrooms and 2 bathrooms; Open‑concept floor plans with spacious living areas
