$300,000
1812 South Gaines Street, Little Rock, Arkansas 72206, United States
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
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.
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.
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.
Central High School
High · 1.2 mi
Dunbar Magnet Middle School
Middle
Washington Magnet Elementary School
Elementary
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.
1812 South Gaines Street is a 3-bedroom, 2-bathroom craftsman-style home built in 1920 with 1,605 SF of living space on a 0.17-acre lot in Little Rock's Governor's Mansion Historic District. The property features original hardwood floors, a renovated kitchen and bathrooms, and an updated HVAC system, blending historic charm with modern conveniences.
The home underwent significant renovations in recent years, including updates to the kitchen and bathrooms, as well as the installation of a new HVAC system. These improvements enhance the property's appeal and reduce near-term maintenance concerns. The spacious lot and driveway provide ample parking and outdoor space.
From a valuation perspective, comparable sales in the area suggest a current fair market value of $275,000–$325,000, with a midpoint estimate of $300,000 ($187/SF). The owners purchased the property in 2018 for $225,000, indicating approximately 33% appreciation over 8 years. The current assessed value of $4,909 appears significantly below market, which is common in historic districts where assessments may not reflect current market conditions.
The Governor's Mansion Historic District is a sought-after neighborhood known for its historic homes and proximity to downtown Little Rock. The area offers access to cultural attractions such as the Arkansas Arts Center and MacArthur Park, as well as dining and shopping options in the River Market District. The neighborhood's historic designation helps preserve property values and community character.
Overall, this property represents a compelling opportunity in a desirable historic district with recent updates that enhance its livability. Potential buyers should consider the benefits of the location and renovations, while also being aware of any restrictions associated with the historic designation. Key due diligence items include verifying the age and condition of the roof, confirming any historic overlay restrictions, and reviewing school zone assignments.
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.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$275K
Midpoint
$300K
High
$325K
$187/SF estimated price per square foot
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.
The area has seen steady growth with increasing property values. Walkability Rating estimate: 65/100.
Proximity to downtown Little Rock offers access to cultural attractions, dining, and shopping. MacArthur Park provides green space and recreational opportunities.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$140/SF
Arm's length transaction
$93/SF
Post-recession purchase
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