8-Unit Apartment Building
For Sale
$799,000
1900 Labette Manor Drive, Little Rock, AR 72205
MULTI_FAMILY - Little Rock, AR
Property Size8,582 SF
Lot Size0.66 Acres
Price / SF$93.10
Days on Market302
Property Features for 1900 Labette Manor Drive
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Bedrooms
24
Bathrooms
24
Full bathrooms
24
Rooms
Bedroom 15, Bathroom 21, Bedroom 2, Bathroom 18, Bedroom 20, Bedroom 14, Bedroom 1, Bathroom 23, Bathroom 1, Bathroom 4, Bedroom 16, Bathroom 22, Bathroom 17, Bedroom 23, Bathroom 24, Bathroom 16, Bathroom 5, Bathroom 14, Bathroom 2, Bathroom 19, Bedroom 4, Bedroom 10, Bedroom 19, Bedroom 8, Bedroom 17, Bathroom 6, Bedroom 9, Bedroom 7, Bathroom 13, Bathroom 3, Bathroom 15, Bedroom 5, Bedroom 21, Bathroom 9, Bedroom 24, Bedroom 18, Bedroom 13, Bedroom 11, Bedroom 6, Bedroom 12, Bathroom 7, Bedroom 22, Bathroom 11, Bathroom 12, Bathroom 10, Bathroom 20, Bathroom 8, Bedroom 3
Interior features
Washer Connection, Dryer Connection-Electric, Fan - Ceiling, All Units
Exterior features
Outside Storage Area
Appliances
Free-Standing Stove, Electric Range, Dishwasher, Refrigerator-Stays, Free-Standing Stove, Electric Range, Dishwasher, Refrigerator-Stays
Subdivision
Le Bette Manor
Lot features
Level
Elementary school
Brady
High school
Southwest
Directions
Take 630 to Exit 6B (John Barrow Rd). Take a right on Morris Manor Dr and a left on Labette Dr. Apartments are on your left.
Standard status
Active
APN
44L-091-00-003-00
Size
8,582 SF
Lot size
0.66 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
TBD by title company
Tax Annual Amount
5642
Legal Description
TBD by title company
Building Details
Year built
1989
Floors in Building
2
Number of units
8
Flooring type
Vinyl
Roof type
Composition
Architectural style
Contemporary
Additional Structures
Storage
Listing Agency:
Mid South Realty
(501) 444-2055
Listed By:
Kari Clay
(501) 240-3117
Added: Oct 9, 2025
Changed: Aug 3
Last Checked: Aug 6 at 4:06AM
MLS# 25040590
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.
This 8-unit apartment building was renovated within the last four years and offers a consistent, tenant-friendly layout across every unit. Each unit shares the same floorplan with three bedrooms upstairs and a full bath, while downstairs includes a spacious living room, furnished kitchen, and a 1/2 bath. Interior amenities include washer connection and electric dryer connection, along with ceiling fans. Units also feature front and rear entrances, on-site parking, and extra private storage outside. Exterior improvements include an outside storage area, and the building is finished with vinyl flooring and a composition roof. The property was built in 1989.
Located at 1900 Labette Manor Drive in Little Rock’s West Central area, the building is described as close to interstates, Baptist hospital, shopping, and dining, with downtown about 10–15 minutes away.
The site includes a 0.66-acre lot and a total property size of 8,582 square feet, providing a compact footprint for an 8-unit rental property.
Located at 1900 Labette Manor Drive in Little Rock’s West Central area, the building is described as close to interstates, Baptist hospital, shopping, and dining, with downtown about 10–15 minutes away.
The site includes a 0.66-acre lot and a total property size of 8,582 square feet, providing a compact footprint for an 8-unit rental property.
Key Highlights
- Renovated in the last 4 years; 8‑unit apartment building
- All units share one floorplan: 3 bedrooms upstairs with a full bath
- Downstairs layout includes a spacious living room and furnished kitchen plus a 1/2 bath
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 | $133.9k | $15.60 |
| − Vacancy | −$7.8k | −$0.90 |
| EGI | $126.1k | $14.70 |
| − OpEx | −$56.8k | −$6.61 |
| NOI | $69.4k | $8.08 |
8,582 SF · lease $15.60/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$990.9K
$867.0K – $1.16M
NOI $69,363 @ 7.0% cap · market cap 8.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $109,131 @ 7.0% cap · market cap 13.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
457
Businesses Nearby
Explore this area
Business Placement
Demographics for 72205, AR
22,888
Population
12,187
Households
1.9
Avg Household Size
39
Median Age
54%
College-Educated
96%
High-School Grad
8.0 sq mi
ZIP Area
2,861
Density / Sq Mi
$62,888
Median Household Income
$50,948
Median Earnings
$1,110
Median Rent
$204,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated in the last four years with washer and dryer hookups, outdoor storage, and on-site parking.
Where is this apartment building located?
The property is located at 1900 Labette Manor Drive Little Rock, AR.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Renovated in the last 4 years; 8‑unit apartment building; All units share one floorplan: 3 bedrooms upstairs with a full bath; Downstairs layout includes a spacious living room and furnished kitchen plus a 1/2 bath
