Tenant-Occupied
For Sale
$195,000
705 Blossom St, North Little Rock, AR 72117
Both residences have active leases, with vinyl plank flooring and black kitchen countertops.
Property Size2,000 SF
Price / SF$97.50
Days on Market10
Property Features for 705 Blossom St
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,383
Building Details
Buildings
1
Listing Agency:
River Rock Realty Company
(501) 353-2504
Listed By:
Jamie Hoffman
(501) 232-8964
Source:
Exprealty
Added: Oct 8
Changed: Oct 16
Last Checked: Oct 16 at 11:12AM
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 River Rock Realty Company
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Investment Insights
Based on property information with market context.
This duplex has two tenant-occupied units under active leases. Interior finishes include vinyl plank flooring and black countertops in the kitchens, with carpet in the bedrooms.
Key Highlights
- Both units are tenant‑occupied with active leases
- Vinyl plank flooring and black countertops in the kitchens
- Carpeted bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,808
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$336,160
$336.2K
Cap Rate 7%
$240,114
$240.1K
Cap Rate 9%
$186,756
$186.8K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$25.7K $12.84/SF
− Vacancy
−$1.7K −$0.83/SF
EGI
$24.0K $12.01/SF
− OpEx
−$7.2K −$3.60/SF
NOI
$16.8K $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%
$336,160
Cap Rate 7%
$240,114
Cap Rate 9%
$186,756
Alternative Uses
Best Use
Multifamily LT 5
$240.1K
$210.1K – $280.1K
NOI $16,808 @ 7.0% cap · market cap 8.62%
Second Best
Apartment 5plus
$214.9K
$188.1K – $250.8K
NOI $15,046 @ 7.0% cap · market cap 7.72%
Theoretical Best
Specialty Retail
$381.5K
$333.8K – $445.1K
NOI $26,705 @ 7.0% cap · market cap 13.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
Explore this area
Business Placement
Demographics for 72117, AR
13,730
Population
6,691
Households
2.1
Avg Household Size
38
Median Age
28%
College-Educated
83%
High-School Grad
54.4 sq mi
ZIP Area
252
Density / Sq Mi
$41,670
Median Household Income
$31,903
Median Earnings
$1,125
Median Rent
$125,400
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 - Both residences have active leases, with vinyl plank flooring and black kitchen countertops.
Where is this duplex located?
The property is located at 705 Blossom St North Little Rock, AR.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Both units are tenant‑occupied with active leases; Vinyl plank flooring and black countertops in the kitchens; Carpeted bedrooms
