1500 Center Street Little Rock, AR 72206
MULTI_FAMILY - Little Rock, AR
Property Features for 1500 Center Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Bedrooms
- 14
- Bathrooms
- 14
- Rooms
- Bathroom 11, Bathroom 9, Bedroom 13, Bathroom 13, Bedroom 7, Bedroom 11, Bedroom 1, Bathroom 14, Bathroom 3, Bedroom 5, Bedroom 14, Bedroom 2, Bedroom 3, Bathroom 12, Bedroom 10, Bathroom 1, Bathroom 2, Bedroom 6, Bedroom 12, Bathroom 7, Bedroom 4, Bathroom 4, Bedroom 9, Bedroom 8, Bathroom 10, Bathroom 6, Bathroom 8, Bathroom 5
- Interior features
- Washer/Dryer-Comm. In
- Appliances
- Free-Standing Stove, Microwave, Electric Range, Dishwasher, Refrigerator-Stays, Free-Standing Stove, Microwave, Electric Range, Dishwasher, Refrigerator-Stays
- Standard status
- Active
- Size
- 6,692 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Description
- City of LR Lots 11,12 Blk 192
- Tax Annual Amount
- 8954
Building Details
- Year built
- 1921
- Floors in Building
- 1
- Number of units
- 9
- Flooring type
- Tile, Wood
- Roof type
- Shingle
- Architectural style
- Victorian
Listing agent Regina Thompson License #SA00063139 (501) 231-6496
Listing office RE/MAX Encore 19 Ryeland Dr, Suite A Suite D, Cabot, AR (501) 843-3067
Listing date Mar 26, 2026
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.
Key Highlights
- Prime location in the heart of the Governor's Historic District, one street from the SoMa District, offering walkability to popular amenities.
- Nine‑unit historic property transformed into modern living spaces.
- Modern amenities including granite countertops, stainless steel appliances, and washer/dryer units in eight apartments.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $104.4k | $15.60 |
| − Vacancy | −$6.1k | −$0.90 |
| EGI | $98.3k | $14.70 |
| − OpEx | −$44.3k | −$6.61 |
| NOI | $54.1k | $8.08 |
