New Construction
For Sale
$369,900
705 W 22nd St, North Little Rock, AR 72114
Two three-bedroom residences combine open layouts, private primary suites, and contemporary kitchens.
Property Size2,560 SF
Price / SF$144.49
Days on Market76
Property Features for 705 W 22nd St
General Information
Standard status
Active
Size
2,560 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
2026
Listing Agency:
Sb Realty & Property Management
Listed By:
Amber Wood
(501) 444-2055
Source:
Midsouthar
Added: Aug 3
Changed: Oct 16
Last Checked: Oct 16 at 8:28AM
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 Sb Realty & Property Management
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Investment Insights
Based on property information with market context.
Completed in 2026, this 2,560-square-foot duplex includes two residences with three bedrooms and two bathrooms apiece. Both layouts feature open living areas, contemporary kitchens, durable finishes, and private primary suites. Energy-efficient construction and practical floor plans support day-to-day ownership and residential use.
Located at 705 W 22nd St in North Little Rock, the property is minutes from downtown North Little Rock and the Argenta District, with shopping, restaurants, schools, parks, and major highways also nearby.
Located at 705 W 22nd St in North Little Rock, the property is minutes from downtown North Little Rock and the Argenta District, with shopping, restaurants, schools, parks, and major highways also nearby.
Key Highlights
- 2,560‑square‑foot duplex completed in 2026
- Two residences, each with 3 bedrooms and 2 bathrooms
- Open‑concept layouts 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.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
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
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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 three-bedroom residences combine open layouts, private primary suites, and contemporary kitchens.
Where is this duplex located?
The property is located at 705 W 22nd St 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: 2,560‑square‑foot duplex completed in 2026; Two residences, each with 3 bedrooms and 2 bathrooms; Open‑concept layouts with spacious living areas
