Multifamily Duplex
For Sale
$199,900
9012 Tanya Dr, Little Rock, AR 72204
Multi-Family, Traditional, Little Rock, AR
Property Size2,072 SF
Lot Size0.23 Acres
Price / SF$96.48
Days on Market53
Property Features for 9012 Tanya Dr
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Carport
Interior features
Washer Connection, Dryer Connection-Electric, Smoke Detector
Appliances
Free-Standing Stove, Free-Standing Stove
Subdivision
Patriot Manor
Lot features
Level
Directions
Take John Barrow to Tanya
Standard status
Active
APN
44L-094-00-009-00
Size
2,072 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 9
Tax Annual Amount
2052
Legal Description
Lot 9
Building Details
Year built
1974
Floors in Building
1
Number of units
2
Flooring type
Tile, Vinyl
Roof type
Composition
Architectural style
Other
Listing Agency:
CENTURY 21 Prestige Realty · Century 21 Real Estate
(501) 982-4574
Listed By:
John Belden Sr. · License #PB00068696
(501) 259-0555
Added: Jun 29
Changed: Aug 19
Last Checked: Aug 20 at 8:06AM
MLS# 26026920
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 property is a residential income duplex with a total building size of 2,072 square feet. It sits on a 0.23-acre lot and is offered for sale as a multifamily investment opportunity. The available information does not specify unit mix, interior condition, or recent updates, so buyers should confirm details during due diligence.
The duplex is located at 9012 Tanya Dr in Little Rock, Pulaski County, Arkansas 72204. It is presented in a for-sale listing and is positioned for those seeking a small, manageable multifamily holding within the Little Rock market.
For investors, a duplex format can be a practical fit for buyers looking to diversify beyond single-family assets while maintaining a scale that is typically easier to manage than larger multifamily buildings. For owner-occupants, the duplex configuration may also support an arrangement where one unit can be used while the other helps offset housing costs. Prospective buyers should verify current lease status, allowable use, and operating expenses with the seller and during inspections.
The duplex is located at 9012 Tanya Dr in Little Rock, Pulaski County, Arkansas 72204. It is presented in a for-sale listing and is positioned for those seeking a small, manageable multifamily holding within the Little Rock market.
For investors, a duplex format can be a practical fit for buyers looking to diversify beyond single-family assets while maintaining a scale that is typically easier to manage than larger multifamily buildings. For owner-occupants, the duplex configuration may also support an arrangement where one unit can be used while the other helps offset housing costs. Prospective buyers should verify current lease status, allowable use, and operating expenses with the seller and during inspections.
Key Highlights
- Built in 1974
- Washer and electric dryer hookups
- Kitchen includes free‑standing stove
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,747
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$334,940
$334.9K
Cap Rate 7%
$239,243
$239.2K
Cap Rate 9%
$186,078
$186.1K
Market Conditions
NOI Build-Up for 2,072 SF
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.
Gross rent
$32.3K $15.60/SF
− Vacancy
−$1.9K −$0.90/SF
EGI
$30.4K $14.70/SF
− OpEx
−$13.7K −$6.61/SF
NOI
$16.7K $8.08/SF
Area
Little Rock, AR
Vacancy
5.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$334,940
Cap Rate 7%
$239,243
Cap Rate 9%
$186,078
Alternative Uses
Best Use
Multifamily LT 5
$270.2K
$236.4K – $315.2K
NOI $18,913 @ 7.0% cap · market cap 9.46%
Second Best
Apartment 5plus
$239.2K
$209.3K – $279.1K
NOI $16,747 @ 7.0% cap · market cap 8.38%
Theoretical Best
Office A
$376.4K
$329.4K – $439.1K
NOI $26,348 @ 7.0% cap · market cap 13.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
Explore this area
Business Placement
Demographics for 72204, AR
31,564
Population
14,570
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
89%
High-School Grad
15.2 sq mi
ZIP Area
2,077
Density / Sq Mi
$39,088
Median Household Income
$29,733
Median Earnings
$1,016
Median Rent
$117,600
Median Home Value
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 - Well-sized duplex for residential income use on a compact lot in Little Rock, Arkansas.
Where is this duplex located?
The property is located at 9012 Tanya Dr Little Rock, AR.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Built in 1974; Washer and electric dryer hookups; Kitchen includes free‑standing stove
