Property listing for 1812 South Gaines Street, Little Rock, AR 72206
For SaleSingle Family Home

$300,000

1812 South Gaines Street, Little Rock, AR 72206

Renovated 3-Bed Craftsman in Governor's Mansion Historic District

3 Bed · 2 Bath · 1,605 Sq Ft

Updated 1920 bungalow, 1,605 SF on a spacious 0.17-acre lot

3

Beds

2

Baths

1,605

Sq Ft

1920

Built

0.17 acres

Lot

About 1812 South Gaines Street

What stands out first at 1812 South Gaines Street is its blend of authentic 1920s Craftsman character and recent modern updates. The single-story layout unfolds across 1,605 square feet with original hardwood floors underfoot, a welcoming fireplace, and architectural details that anchor the home in the Governor's Mansion Historic District. A deep, level lot—approximately 0.17 acres (7,405 SF) with 50 feet of street frontage—creates generous outdoor space and a private feeling on this residential stretch.

Inside, the owners completed thoughtful renovations to the kitchen and bathrooms, and installed an updated HVAC system to modernize comfort while preserving the home’s historic bones. The renovated kitchen features contemporary fixtures and durable finishes appropriate to the Craftsman aesthetic; both full bathrooms were refreshed to match current standards. With three bedrooms and two bathrooms arranged on a single level, the floor plan suits a broad range of buyers: downsizers, young families, or buyers seeking a historically rich primary residence close to downtown.

Parking is practical—a private driveway accommodates two vehicles—and the lot leaves room for gardens or a modest outdoor entertaining area. The composition shingle roof and central systems were addressed during recent updates, reducing immediate maintenance concerns; buyers should still complete the standard inspections and review any historic-overlay requirements before planning exterior changes.

Location is a key asset. You’re a half-mile from MacArthur Park and just minutes from the Arkansas Arts Center, with the River Market District, State Capitol, and downtown attractions all within easy reach. The neighborhood’s historic designation helps preserve streetscapes and long-term value, while low annual property taxes (2024 taxes: $343) add to the financial appeal. Recent comparable sales in the immediate area suggest a value range of roughly $275K–$325K, placing this renovated Craftsman competitively at the market midpoint.

Home Highlights

Renovated kitchen and two updated bathroomsOriginal hardwood floors and period detailsUpdated HVAC system1,605 SF single-level Craftsman bungalow0.17-acre lot with driveway parking for twoLocated in Governor's Mansion Historic DistrictLow 2024 annual property taxes ($343)Estimated market value midpoint: $300,000

Property Features

Interior Features

  • Original hardwood floors throughout
  • Renovated kitchen with modern fixtures
  • Two updated full bathrooms
  • Fireplace in main living area
  • Central AC and gas heating (updated HVAC)
  • Single-level, 1,605 SF footprint

Exterior & Lot

  • 0.17-acre lot (7,405 SF) with 50' frontage
  • Level topography — easy yard access
  • Private driveway parking for two vehicles
  • Composition shingle roof
  • No detached garage (ample outdoor space for improvements)

Location & Neighborhood

  • Governor's Mansion Historic District — historic protections
  • MacArthur Park (0.5 mi) and Arkansas Arts Center (0.6 mi)
  • River Market District and downtown attractions within ~1.5 miles
  • Short drive to State Capitol (1.8 mi)
  • Convenient access to cultural institutions and restaurants

Walkability & Recreation

  • Walkability Rating: 65/100 — Some walkable amenities
  • MacArthur Park (0.5 mi) — open green space and recreation
  • Arkansas Arts Center (0.6 mi) — cultural programming nearby
  • River Market District (1.5 mi) — farmers markets, dining, riverfront access
  • State Capitol and downtown walking destinations within ~2 miles
  • Community recreation and parks within short distances

Neighborhood & Location

The Governor's Mansion Historic District is prized for tree-lined streets, preserved early-20th-century architecture, and a short commute to downtown Little Rock. Residents enjoy easy access to MacArthur Park and the Arkansas Arts Center for weekend activities, with the River Market District’s dining and waterfront attractions just over a mile away. The district’s historic overlay maintains neighborhood character, drawing buyers who value architectural continuity and proximity to cultural institutions. Nearby schools vary in ratings, while the area overall attracts professionals and history-minded homeowners who prioritize walkable urban access and community identity.

Market Insights

The local market for the Governor's Mansion Historic District is currently balanced with a slight seller advantage in certain niches. Inventory sits near 2.5 months—below a neutral six-month supply—while average days on market are roughly 53 days, reflecting steady buyer interest without the frenzy of a hot market. The area has posted moderate appreciation: about 5% year-over-year and roughly 20% over five years. Single-family Craftsman bungalows in this historic corridor hold value well because of neighborhood demand and architectural scarcity; recent comps within a half-mile support a market range of $275,000–$325,000 and a midpoint valuation near $300,000 for renovated properties.

For investors, demand for rentals remains solid; local rental models estimate about $1,800/month (rent per SF ~ $1.12) and a gross rental yield near 7.2%. For owner-occupants, the combination of recent interior upgrades and proximity to downtown cultural anchors makes this an attractive entry point. Buyers should be mindful of the historic overlay—exterior modifications may require review—and complete roof and systems inspections as part of due diligence. Overall, this is a data-supported buying opportunity for those seeking a finished historic home with downtown convenience.

Nearby Schools

Central High School

High · 1.2 mi

5/10

Dunbar Magnet Middle School

Middle

3/10

Washington Magnet Elementary School

Elementary

2/10

Walkability & Recreation

65
Walkability
78
Recreation

Excellent access to nearby parks and cultural recreation: MacArthur Park and the Arkansas Arts Center are within a mile, and the River Market District and riverfront amenities are approximately 1.5 miles away.

Investment Highlights

  • Renovated kitchen and bathrooms with modern amenities
  • Located in the Governor's Mansion Historic District, preserving property value
  • Proximity to downtown Little Rock's cultural attractions and amenities
  • Spacious lot with ample parking and outdoor space
  • Historic charm with original hardwood floors and architectural details

Key Findings

  • County assessor shows 2018 purchase at $225,000 ($140/SF) — current estimate $300,000 ($187/SF)
  • Assessed value $4,909 (land $4,000, improvements $909) — annual taxes $343
  • Zoned R-3 with historic overlay — single-family residential with potential for accessory dwelling units
  • 3 comparable sales within 0.5 miles in last 6 months range $275K–$325K
  • Average days on market in the area: 53 days (balanced market)

Things to Consider

  • Built in 1920 — foundation, plumbing, and electrical systems should be inspected
  • Historic overlay may restrict exterior modifications and additions
  • Elementary and middle schools have lower ratings, which may impact family buyer interest
  • Roof age unknown — composition shingle roofs typically last 20-25 years

Opportunity Analysis

Well-maintained craftsman in Little Rock's historic district with recent renovations and proximity to downtown amenities. Historic designation and neighborhood character support long-term value retention.

Potential Use Scenarios

  • Potential primary residence in a historic neighborhood with modern updates
  • Opportunity for short-term rental given proximity to downtown attractions
  • Long-term investment in a stable market with steady appreciation

Risk Factors

  • 1920 construction — potential for hidden maintenance costs
  • Historic overlay limits modification flexibility
  • School ratings may deter some family buyers

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$275K

Midpoint

$300K

High

$325K

$187/SF estimated price per square foot

82% confidence

Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for renovation quality, lot size, and bedroom count. Assessed value of $4,909 appears below market.

As of 2026-03-06

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Market Trends

Area Median Price$175,000
Avg Days on Market53 days
Inventory2.5 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)12,000
Median Income (1 mi)$45,000

The area has seen steady growth with increasing property values. Walkability Rating estimate: 65/100.

Nearby Points of Interest

  • MacArthur Park (0.5 mi)
  • Arkansas Arts Center (0.6 mi)
  • Little Rock Central High School (1.2 mi)
  • River Market District (1.5 mi)
  • State Capitol Building (1.8 mi)

Proximity to downtown Little Rock offers access to cultural attractions, dining, and shopping. MacArthur Park provides green space and recreational opportunities.

School District

DistrictLittle Rock School District
ElementaryWashington Magnet Elementary School (2/10)
MiddleDunbar Magnet Middle School (3/10)
HighCentral High School (5/10)

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built1920
Constructionwood frame
Stories1
Roofcomposition shingle
Heatingcentral gas
Coolingcentral AC
Basementnone
FireplaceYes
Conditiongood

Lot & Site

Lot Size0.17 acres (7,405 SF)
Topographylevel
Parkingdriveway
Parking Spaces2
Frontage50 ft frontage on South Gaines Street

Utilities

Watermunicipal
Sewermunicipal
ElectricEntergy Arkansas
GasCenterPoint Energy

Zoning & Land Use

Zoning CodeR-3
DescriptionSingle Family Residential
JurisdictionCity of Little Rock

Allowed Uses

single familyaccessory dwelling unithome occupation
Current Useresidential
Assessor UseSingle Family Residential

Tax & Sale History

Tax Assessment

Total Assessed$4,909
Land$4,000
Improvements$909
Annual Tax (2024)$343

Sale History

2018-06-15$225,000

$140/SF

Arm's length transaction

2010-03-22$150,000

$93/SF

Post-recession purchase

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