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North Little Rock Investment Opportunity

902 W 33rd Street North Little Rock, AR 72118

Claim this Listing
For Sale
$149,000

MULTI_FAMILY - North Little Rock, AR

Property size:
1,680 SF
Lot size:
0.28 Acres
Price / SF:
$88/SF
Added:
May 2, 2024
Days on Market:
801
Last Refresh:
Jul 11 at 6:06 am

Property Features for 902 W 33rd Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Appliances
Free-Standing Stove, Free-Standing Stove
Standard status
Active
Size
1,680 SF
Lot size
0.28 Acres

Taxes and HOA fees

Tax Description
Lot 1-2, Block 6
Tax Annual Amount
1345

Building Details

Year built
1957
Floors in Building
1
Number of units
2
Roof type
Composition
Architectural style
Other

Listing agent Katrina Yarboro

Listing office RGB Appraisals & Realty 122 S 2nd St., Cabot, AR

Listing date May 2, 2024

MLS# 24015059 Listing URL

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 multifamily property, located in North Little Rock, Arkansas, presents an investment opportunity. The property has a size of 1680 square feet and is situated on a 0.28-acre lot. This property is located in Pulaski County.

Key Highlights

  • Great investment opportunity
  • Free‑standing stove appliance included
  • Built in 1957

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $24.4k $14.52
− Vacancy −$1.4k −$0.84
EGI $23.0k $13.68
− OpEx −$10.3k −$6.16
NOI $12.6k $7.52
1,680 SF · lease $14.52/SF/yr · vacancy 5.80% · expense 45.00%

Alternative Uses

Best Use
Multifamily LT 5
$201.7K
$176.5K – $235.3K (±1% cap)
NOI $14,118 @ 7.0% cap · market cap 9.48%
Second Best
Apartment 5plus
$180.5K
$158.0K – $210.6K (±1% cap)
NOI $12,638 @ 7.0% cap · market cap 8.48%
Theoretical Best
Specialty Retail
$320.5K
$280.4K – $373.9K (±1% cap)
NOI $22,432 @ 7.0% cap · market cap 15.06%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

HVAC Service Electrical Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Accounting Firm Storage Facility Catering Service Home Appliance Store Plumbing Service Kitchen & Bath Showroom

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Multifamily property in North Little Rock for sale.
Where is this duplex located?
The property is located at 902 W 33rd Street North Little Rock, AR.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: Great investment opportunity; Free‑standing stove appliance included; Built in 1957
Contact an agent
More about this property
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