Updated Duplex with
902 & 904 W 45th Street, North Little Rock, AR 72118
For Sale
$139,900
Multi-Family, Traditional, North Little Rock, AR
Property Size1,666 SF
Lot Size0.16 Acres
Price / SF$83.97
Days on Market67
Property Features for 902 & 904 W 45th Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Appliances
Subdivision
Lot features
Directions
Standard status
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Floors in Building
Number of units
Flooring type
Roof type
Architectural style
Listing Agency:
PorchLight Realty - NLR
(501) 476-3994
Listed By:
Alicia Averitt Haley
(501) 831-4009
Added: Sep 7
Changed: Nov 2
Last Checked: Nov 12 at 7:06AM
MLS# 26036480
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.
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Investment Insights
Based on property information with market context.
This North Little Rock duplex contains two residential units within 1,666 square feet. Each unit is arranged with two bedrooms and one bathroom, creating a consistent layout across the property. Interior improvements are noted, with vinyl flooring and partial carpeting. A composition roof was replaced in 2023, and the building dates to 1963.
The property occupies 0.16 acres at 902 & 904 W. 45th Street in North Little Rock, Arkansas. Carport parking is included, and the units are equipped with free-standing stoves. The duplex configuration, separate living spaces, and established residential improvements provide a straightforward multifamily property profile.
The property occupies 0.16 acres at 902 & 904 W. 45th Street in North Little Rock, Arkansas. Carport parking is included, and the units are equipped with free-standing stoves. The duplex configuration, separate living spaces, and established residential improvements provide a straightforward multifamily property profile.
Key Highlights
- Duplex with two 2‑bedroom, 1‑bath units
- 1,666 square feet on a 0.16‑acre lot
- Composition roof replaced in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,533
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$250,660
$250.7K
Cap Rate 7%
$179,043
$179.0K
Cap Rate 9%
$139,256
$139.3K
Market Conditions
NOI Build-Up for 1,666 SF
Gross rent
$24.2K $14.52/SF
− Vacancy
−$1.4K −$0.84/SF
EGI
$22.8K $13.68/SF
− OpEx
−$10.3K −$6.16/SF
NOI
$12.5K $7.52/SF
Area
Pulaski County, AR
Vacancy
5.80%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$250,660
Cap Rate 7%
$179,043
Cap Rate 9%
$139,256
Alternative Uses
Best Use
Multifamily LT 5
$200.0K
$175.0K – $233.4K
NOI $14,001 @ 7.0% cap · market cap 10.01%
Second Best
Apartment 5plus
$179.0K
$156.7K – $208.9K
NOI $12,533 @ 7.0% cap · market cap 8.96%
Theoretical Best
Specialty Retail
$317.8K
$278.1K – $370.8K
NOI $22,245 @ 7.0% cap · market cap 15.90%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
391
Businesses Nearby
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Business Placement
Demographics for 72118, AR
22,582
Population
10,823
Households
2.1
Avg Household Size
37
Median Age
20%
College-Educated
88%
High-School Grad
27.6 sq mi
ZIP Area
818
Density / Sq Mi
$47,266
Median Household Income
$35,608
Median Earnings
$978
Median Rent
$115,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in North Little Rock, AR
Properties on Market for Duplexes in North Little Rock
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer a practical configuration with separate bedrooms, bathrooms, and shared carport parking.
Where is this duplex located?
The property is located at 902 & 904 W 45th Street North Little Rock, AR.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: Duplex with two 2‑bedroom, 1‑bath units; 1,666 square feet on a 0.16‑acre lot; Composition roof replaced in 2023
