Triplex with Hardwood
For Sale
$259,000
201 N Fillmore Street, Little Rock, AR 72205
MULTI_FAMILY - Little Rock, AR
Property Size2,184 SF
Lot Size0.18 Acres
Price / SF$118.59
Days on Market309
Property Features for 201 N Fillmore Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Interior features
Washer Connection, Dryer Connection-Gas, Hot Water Heater-Gas
Appliances
Free-Standing Stove, Dishwasher, Refrigerator-Stays, Free-Standing Stove, Dishwasher, Refrigerator-Stays
Subdivision
Strong & Waters
Lot features
Level
Directions
East on Markham from University, left on Fillmore.
Standard status
Active
Size
2,184 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Description
LT 23 BLK 1 Strong and Waters
Tax Annual Amount
3146
Legal Description
LT 23 BLK 1 Strong and Waters
Amenities
hardwood floors
washer dryer hookup
Building Details
Year built
1958
Floors in Building
1
Number of units
3
Flooring type
Wood, Vinyl
Roof type
Composition
Architectural style
Other
Listing Agency:
The H Group Real Estate & Property Management, LLC
(501) 801-5868
Listed By:
Steven Hendrich
(501) 801-5868
Added: Oct 16, 2025
Changed: Aug 2
Last Checked: Aug 20 at 8:06PM
MLS# 25041540
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 fully rented triplex offers a practical income setup with hardwood floors and a simple in-unit utility arrangement. Interior features include washer connection and dryer connection (gas), along with a gas hot water heater. Flooring includes vinyl and wood, and the home is served by a composition roof.
The property sits on a 0.18-acre lot and has a total building size of 2,184 square feet, built in 1958. Off-street parking is available.
A buyer or operator considering a small multifamily asset will find this layout supported by everyday living conveniences, including major appliances listed on-site such as a free-standing stove, dishwasher, and refrigerator.
The property sits on a 0.18-acre lot and has a total building size of 2,184 square feet, built in 1958. Off-street parking is available.
A buyer or operator considering a small multifamily asset will find this layout supported by everyday living conveniences, including major appliances listed on-site such as a free-standing stove, dishwasher, and refrigerator.
Key Highlights
- Fully rented triplex
- 0.18‑acre lot and 2,184 SF building
- Hardwood floors plus vinyl and wood flooring
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,935
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$398,700
$398.7K
Cap Rate 7%
$284,786
$284.8K
Cap Rate 9%
$221,500
$221.5K
Market Conditions
NOI Build-Up for 2,184 SF
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.
Gross rent
$30.1K $13.80/SF
− Vacancy
−$1.7K −$0.76/SF
EGI
$28.5K $13.04/SF
− OpEx
−$8.5K −$3.91/SF
NOI
$19.9K $9.13/SF
Area
Little Rock, AR
Vacancy
5.51%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$398,700
Cap Rate 7%
$284,786
Cap Rate 9%
$221,500
Alternative Uses
Best Use
Multifamily LT 5
$284.8K
$249.2K – $332.3K
NOI $19,935 @ 7.0% cap · market cap 7.70%
Second Best
Apartment 5plus
$252.2K
$220.7K – $294.2K
NOI $17,652 @ 7.0% cap · market cap 6.82%
Theoretical Best
Office A
$396.7K
$347.2K – $462.9K
NOI $27,772 @ 7.0% cap · market cap 10.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,096
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?
Triplex - Fully rented triplex near St. Vincent and Midtown Shopping Center with hardwood floors, washer/dryer hookups, and off-street parking.
Where is this triplex located?
The property is located at 201 N Fillmore Street Little Rock, AR.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Fully rented triplex; 0.18‑acre lot and 2,184 SF building; Hardwood floors plus vinyl and wood flooring
