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    16 Terrace Pl Little Rock, AR 72209

    For Sale
    $215,000

    Fourplex, Traditional - Little Rock, AR

    Property size:
    3,072 SF
    Lot size:
    0.26 Acres
    Days on Market:
    81
    Last Refresh:
    Dec 7 at 11:06 am

    Property Features for 16 Terrace Pl

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    PDR
    APN
    45L0290001500
    Parking
    4
    Size
    3,072 SF
    Lot size
    0.26 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1972
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Other
    Building materials
    Frame
    Roof type
    Composition
    Architectural style
    New Traditional

    Brick Key Realty (501) 205-4228

    Listing agent Lisa Gilliard (501) 205-4228

    Listing date Sep 18, 2025

    MLS# 24006256 Listing URL

    Copyright © 2025 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.

    Overview

    Little Rock Fourplex Investment Opportunity

    This fourplex in Little Rock, Arkansas, presents an investment opportunity. The property, zoned PDR, features a building with four individual units, each containing 2 bedrooms and 1 bathroom. The total living area of the building is 3072 square feet, situated on a 0.26-acre lot. The property requires renovations and is being sold AS-IS. Currently, no utilities are present at the property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.367912
    Latitude
    34.665904

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    FAQs

    What type of property is this?
    Quadplex - Fourplex in Little Rock, AR, requiring renovations, sold AS-IS.
    Where is this quadplex located?
    The property is located at 16 Terrace Pl Little Rock, AR.
    What is the asking price?
    The asking price for this property is $215,000.
    What are key features of this property?
    This property features: - Fourplex building offers a significant investment opportunity.; - Each unit contains 2 bedrooms and 1 bath.; - Central heating and cooling systems are present.
    (501) 205-4228
    Request Owner's contact information
    16 Terrace Pl Little Rock, AR 72209
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16 Terrace Pl Little Rock, AR 72209
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