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.
Renovated 3-Bed Craftsman in Governor's Mansion Historic District
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.
See the properties helping shape the valuation.
Comparable sales
- Same living area
- 1 fewer bedroom
- Similar lot size
- Same year built
- 2,475 SF larger
- 4 additional bedrooms
- 2 additional bathrooms
- Similar lot size
- Same year built
- 1,659 SF larger
- 1 additional bathroom
- Similar lot size
- 20 years older
A 1920 craftsman bungalow on 0.17 acres.
Building
Site & utilities
Governor's Mansion Historic District
Researched nearby locations
Location
1812 South Gaines Street, Little Rock, AR 72206
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.
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.
A factual market snapshot around 1812 South Gaines Street.
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.
Single Family Residential
Zoning
Research-indicated uses
- Single Family
- Accessory Dwelling Unit
- Home Occupation
Assessment data and recorded transactions.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Tax assessment
Sale history
Rental references from the research record.
Context only—not an investment recommendation or guarantee of achievable rent.
Supporting lease references
- 1,151 SF larger
- 2 additional bedrooms
- 1 additional bathroom
- 707 SF larger
- 1 additional bathroom
What the research supports — and what is still worth verifying.
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)
Still worth verifying
Routine buyer due diligence items; these are not known defects.
- Confirm lot dimensions and boundaries
- Verify renovation permits were properly pulled
- Confirm historic overlay restrictions
- Professional home inspection
- Roof condition assessment
What stands out about this property.
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
Sources & research confidence.
See where the property research came from and how confidence varies by field.