Two 5-Unit Apartment
4713-4801 Hickory North Little Rock, AR 72116
For Sale
$825,000
MULTI_FAMILY - North Little Rock, AR
Property Size7,560 SF
Lot Size0.64 Acres
Price / SF$109.13
Days on Market28
Property Features for 4713-4801 Hickory
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Appliances
Free-Standing Stove, Free-Standing Stove
Standard status
Active
Size
7,560 SF
Lot size
0.64 Acres
Taxes and HOA fees
Tax Description
Lot 125-126, Block 202
Tax Annual Amount
6335
Building Details
Year built
1969
Floors in Building
2
Number of units
10
Flooring type
Carpet - Partial, Laminate
Roof type
Shingle
Architectural style
Other
Listing Agency:
McKimmey Associates REALTORS NLR
(501) 812-3500
Listed By:
Chad Taylor
(501) 231-7612
Added: Jun 30
Changed: Jul 13
Last Checked: Jul 27 at 6:06PM
MLS# 26027882
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 offering includes two well-maintained 5-unit apartment buildings for a total of 10 rental units. Each unit is configured as a 2-bedroom, 1-bath layout. The buildings have also had recent roof replacements, an improvement intended to reduce near-term maintenance concerns.
The property is located at 4713-4801 Hickory in North Little Rock, Arkansas (Pulaski County). The site encompasses approximately 0.64 acres and includes about 7,560 square feet of building area.
From an operations standpoint, the consistent unit mix across the two buildings may simplify leasing and turnover planning. For investors or first-time multifamily buyers, the structure of two similar mid-sized buildings provides a straightforward income-producing portfolio setup, subject to tenant occupancy and lease terms.
The property is located at 4713-4801 Hickory in North Little Rock, Arkansas (Pulaski County). The site encompasses approximately 0.64 acres and includes about 7,560 square feet of building area.
From an operations standpoint, the consistent unit mix across the two buildings may simplify leasing and turnover planning. For investors or first-time multifamily buyers, the structure of two similar mid-sized buildings provides a straightforward income-producing portfolio setup, subject to tenant occupancy and lease terms.
Key Highlights
- Two well maintained 5‑unit apartment buildings totaling 10 units
- All units are 2‑bedroom, 1‑bath layouts
- Year built: 1969
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 | $109.8k | $14.52 |
| − Vacancy | −$6.4k | −$0.84 |
| EGI | $103.4k | $13.68 |
| − OpEx | −$46.5k | −$6.16 |
| NOI | $56.9k | $7.52 |
7,560 SF · lease $14.52/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$812.5K
$710.9K – $947.9K
NOI $56,872 @ 7.0% cap · market cap 6.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.44M
$1.26M – $1.68M
NOI $100,946 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - For sale portfolio of two well-maintained apartment buildings totaling 10 units with 2 bed/1 bath layouts.
Where is this apartment building located?
The property is located at 4713-4801 Hickory North Little Rock, AR.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Two well maintained 5‑unit apartment buildings totaling 10 units; All units are 2‑bedroom, 1‑bath layouts; Year built: 1969
