Duplex With
For Sale
$162,000
North Little Rock, AR 72118, North Little Rock, AR 72118
Multi-Family, Traditional, North Little Rock, AR
Property Size1,386 SF
Lot Size0.18 Acres
Price / SF$116.88
Days on Market47
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 2
Parking features
Carport
Interior features
Washer Connection, Dryer Connection-Electric, Hot Water Heater-Electric, Smoke Detector, Fan - Ceiling
Exterior features
Outside Storage Area
Appliances
Free-Standing Stove, Electric Range, Disposal, Refrigerator-Stays, Free-Standing Stove, Electric Range, Disposal, Refrigerator-Stays
Lot features
Level, In Subdivision
Subdivision
ARROW HEAD MANOR
Standard status
Active
Size
1,386 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
1623
Building Details
Year built
1963
Floors in Building
1
Number of units
2
Flooring type
Carpet - Full, Tile
Roof type
Composition
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Eleven 11 Company
Listed By:
Nina DuBois
(501) 349-2383
Added: Aug 26
Changed: Oct 10
Last Checked: Oct 11 at 12:06PM
MLS# 26034856
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 1,386-square-foot duplex contains two residences: one with a bedroom and the other with two. Both feature open floor plans, electric service, and carport parking. The property was built in 1963 and occupies a 0.18-acre lot. Washer and electric dryer connections, ceiling fans, electric water heaters, and outside storage are among the listed features.
Each residence is leased to a long-term tenant. Local transportation options are nearby in North Little Rock.
Each residence is leased to a long-term tenant. Local transportation options are nearby in North Little Rock.
Key Highlights
- Two leased residences: one one‑bedroom unit and one two‑bedroom unit
- 1,386 square feet of building area on a 0.18‑acre lot
- Carport parking and outside storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,648
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$232,960
$233.0K
Cap Rate 7%
$166,400
$166.4K
Cap Rate 9%
$129,422
$129.4K
Market Conditions
NOI Build-Up for 1,386 SF
Gross rent
$17.8K $12.84/SF
− Vacancy
−$1.2K −$0.83/SF
EGI
$16.6K $12.01/SF
− OpEx
−$5.0K −$3.60/SF
NOI
$11.6K $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%
$232,960
Cap Rate 7%
$166,400
Cap Rate 9%
$129,422
Alternative Uses
Best Use
Multifamily LT 5
$166.4K
$145.6K – $194.1K
NOI $11,648 @ 7.0% cap · market cap 7.19%
Second Best
Apartment 5plus
$149.0K
$130.3K – $173.8K
NOI $10,427 @ 7.0% cap · market cap 6.44%
Theoretical Best
Specialty Retail
$264.4K
$231.3K – $308.5K
NOI $18,507 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
241
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
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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 - Both residences are occupied by long-term tenants, with one- and two-bedroom layouts.
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 $162,000.
What are key features of this property?
This property features: Two leased residences: one one‑bedroom unit and one two‑bedroom unit; 1,386 square feet of building area on a 0.18‑acre lot; Carport parking and outside storage
