Renovated 8-Unit Apartment
1900 Labette Manor Drive, Little Rock, AR 72205
MULTI_FAMILY - Little Rock, AR
Type:Apartment
Property size:
8,582 SFLot size:
0.66 AcresPrice / SF:
$93/SF- Added:
- Oct 9, 2025
- Days on Market:
- 250
- Last Refresh:
- Jun 15 at 7:06 am
Property Features for 1900 Labette Manor Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Bedrooms
- 24
- Bathrooms
- 24
- Rooms
- Bedroom 8, Bedroom 3, Bathroom 23, Bathroom 24, Bathroom 12, Bedroom 2, Bedroom 17, Bedroom 18, Bedroom 5, Bedroom 11, Bedroom 19, Bathroom 9, Bathroom 15, Bedroom 14, Bedroom 6, Bedroom 20, Bedroom 15, Bedroom 4, Bathroom 10, Bathroom 8, Bedroom 9, Bathroom 17, Bathroom 20, Bathroom 11, Bedroom 7, Bathroom 22, Bathroom 16, Bathroom 13, Bedroom 1, Bedroom 10, Bathroom 14, Bathroom 21, Bathroom 6, Bedroom 24, Bedroom 21, Bathroom 7, Bathroom 19, Bathroom 5, Bedroom 12, Bedroom 16, Bedroom 22, Bathroom 1, Bathroom 18, Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 23, Bedroom 13
- 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
- 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
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 agent Kari Clay (501) 240-3117
Listing office Mid South Realty 420 E 21st St., Suite C, Little Rock, AR (501) 444-2055
Listing date Oct 9, 2025
MLS# 25040590
Listing URL
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.
HighLights
- 8‑unit apartment building in West Central Little Rock, built in 1989
- Renovated within the last 4 years
- All units are currently leased at $895/month
- Shared unit layout: 3 bedrooms upstairs with a full bath; downstairs living room, furnished kitchen, and 1/2 bath
- Each unit includes washer & dryer hookups, front and rear entrances, onsite parking, and extra private outside storage
- Close to interstates and Baptist hospitals, with downtown about 10–15 minutes away
Overview
This renovated 8-unit apartment building features a consistent, shared floorplan across all units. Each residence is configured with three bedrooms upstairs and a full bath, while the downstairs includes a spacious living room, a furnished kitchen, and a half bath. Practical in-unit conveniences include washer and dryer hookups, and each unit has front and rear entrances. Residents also have onsite parking, along with extra private storage outside the units.
Located at 1900 Labette Manor Drive in West Central Little Rock, the property is described as being close to interstates, Baptist hospital, shopping, and dining, with downtown noted as approximately 10–15 minutes away.
For investors or operators, the building’s uniform layout can simplify management, leasing, and maintenance planning. Per the remarks, all units are currently leased at $895 per month. The seller states there is no seller property disclosure, and buyers are advised to verify lot size using their own measurements; owner financing terms are referenced in the document section.
Located at 1900 Labette Manor Drive in West Central Little Rock, the property is described as being close to interstates, Baptist hospital, shopping, and dining, with downtown noted as approximately 10–15 minutes away.
For investors or operators, the building’s uniform layout can simplify management, leasing, and maintenance planning. Per the remarks, all units are currently leased at $895 per month. The seller states there is no seller property disclosure, and buyers are advised to verify lot size using their own measurements; owner financing terms are referenced in the document section.
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 | $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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Little Rock
- County
- Pulaski
- State
- Arkansas
- Longitude
- -92.376571
- Latitude
- 34.735631
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Eight-unit apartment building with a shared three-bedroom townhome layout, washer/dryer hookups, and private storage.
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: 8‑unit apartment building in West Central Little Rock, built in 1989; Renovated within the last 4 years; All units are currently leased at $895/month
