421 Sierra Madre Drive
North Little Rock, AR

$138,500
- Multi-Family
2 units
Duplex
Active
MLS # 26015388
Listing courtesy of LISA SMITH-JONES from MOORE AND COMPANY REALTORS - CONWAY.
Data last updated Friday, April 17th, 2026.
About
INVESTOR OPPORTUNITY! Duplex with one unit leased at $600/month (month-to-month) and one unit vacant—ready for a new tenant. Each unit is approximately 500 sq ft (1,000 sq ft total) with garage and off-street parking. Tenants pay all utilities and handle lawn care for low-maintenance ownership. Recent updates include new gas water heaters, updated plumbing and electrical, and HVAC units approximately 4 and 6 years old. Roof is approximately 10 years old. Refrigerator and stove convey; washer/dryer belong to tenant. Current annual income is $14,400 with projected rents of $600–$650 per unit. Taxes approx. $1,066/year and insurance approx. $1,200/year. Estimated CAP RATE approximately 7%–8% based on projected rents and typical expenses.

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