Tenant-Occupied
New
For Sale
$195,000
705 Blossom Street, North Little Rock, AR 72117
Multi-Family, Traditional, North Little Rock, AR
Property Size2,000 SF
Lot Size0.20 Acres
Price / SF$97.50
Days on Market2
Property Features for 705 Blossom Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Appliances
Free-Standing Stove, Free-Standing Stove
Subdivision
Rich Acres
Lot features
Level
Directions
Starting on E Broadway, right onto lynch, left onto water st, right onto alpha, left onto Blossom st and home on the left.
Standard status
Active
APN
23N-067-00-058-00
Size
2,000 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
E 100' OF LOT 149 & E 100' OF
Tax Annual Amount
1383
Legal Description
E 100' OF LOT 149 & E 100' OF
Building Details
Year built
2005
Floors in Building
1
Number of units
2
Flooring type
Carpet - Partial, Vinyl
Roof type
Shingle
Architectural style
Other
Listing Agency:
River Rock Realty Company
(501) 353-2504
Listed By:
Jamie Hoffman
(501) 232-8964
Added: Oct 8
Last Checked: Oct 9 at 8:06AM
MLS# 26040769
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 two tenant-occupied residences under active leases. The 2,000-square-foot property was built in 2005 and sits on a 0.2-acre lot. Interior finishes include vinyl plank flooring and black kitchen countertops, with carpet in the bedrooms. Each unit includes a free-standing stove, and the building has a shingle roof.
Showings require 24-hour notice and are available Monday through Friday from 8:30 AM to 4:30 PM.
Showings require 24-hour notice and are available Monday through Friday from 8:30 AM to 4:30 PM.
Key Highlights
- Two tenant‑occupied units with active leases
- 2,000 square feet on a 0.2‑acre lot
- Built in 2005
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.
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences have active leases, with kitchens finished in vinyl plank flooring and black countertops.
Where is this duplex located?
The property is located at 705 Blossom Street 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: Two tenant‑occupied units with active leases; 2,000 square feet on a 0.2‑acre lot; Built in 2005
