Duplex on 0.28
For Sale
$148,000
North Little Rock, AR 72118, North Little Rock, AR 72118
Multi-Family, Traditional, North Little Rock, AR
Property Size1,680 SF
Lot Size0.28 Acres
Price / SF$88.10
Days on Market891
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Appliances
Free-Standing Stove, Free-Standing Stove
Lot features
Sloped
Subdivision
Twin City
Standard status
Active
Size
1,680 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Annual Amount
1345
Building Details
Year built
1957
Floors in Building
1
Number of units
2
Roof type
Composition
Architectural style
Other
Listing Agency:
RGB Appraisals & Realty
(501) 843-2003
Listed By:
Katrina Yarboro
(501) 554-0274
Added: May 2, 2024
Changed: Oct 8
Last Checked: Oct 9 at 8:06AM
MLS# 24015059
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 in North Little Rock contains 1,680 square feet and was built in 1957. The 0.28-acre parcel includes a building with a composition roof and free-standing stove appliances. The property is located in Pulaski County, Arkansas, within the 72118 ZIP code.
Key Highlights
- 1,680‑square‑foot duplex
- 0.28‑acre parcel
- Built in 1957
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,638
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$252,760
$252.8K
Cap Rate 7%
$180,543
$180.5K
Cap Rate 9%
$140,422
$140.4K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$24.4K $14.52/SF
− Vacancy
−$1.4K −$0.84/SF
EGI
$23.0K $13.68/SF
− OpEx
−$10.3K −$6.16/SF
NOI
$12.6K $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%
$252,760
Cap Rate 7%
$180,543
Cap Rate 9%
$140,422
Alternative Uses
Best Use
Multifamily LT 5
$201.7K
$176.5K – $235.3K
NOI $14,118 @ 7.0% cap · market cap 9.54%
Second Best
Apartment 5plus
$180.5K
$158.0K – $210.6K
NOI $12,638 @ 7.0% cap · market cap 8.54%
Theoretical Best
Specialty Retail
$320.5K
$280.4K – $373.9K
NOI $22,432 @ 7.0% cap · market cap 15.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
549
Businesses Nearby
Explore this area
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
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
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Frequently Asked Questions
What type of property is this?
Duplex - A two-unit residential income property offers 1,680 square feet of building area in North Little Rock.
Where is this duplex located?
The property is located at North Little Rock, AR.
What is the asking price?
The asking price for this property is $148,000.
What are key features of this property?
This property features: 1,680‑square‑foot duplex; 0.28‑acre parcel; Built in 1957
