Triplex and Duplex Income Property

915 N Garfield Street Little Rock, AR 72207

Claim this Listing
For Sale
$650,000

MULTI_FAMILY - Little Rock, AR

Type:Apartment
Property size:
4,500 SF
Lot size:
0.59 Acres
Price / SF:
$144/SF
Added:
Jul 1, 2026
Days on Market:
11
Last Refresh:
Jul 11 at 1:06 am

Property Features for 915 N Garfield Street

General Information

Property type
Residential Multi Family
Property subtype
Apartment
Appliances
Free-Standing Stove, Free-Standing Stove
Standard status
Active
Size
4,500 SF
Lot size
0.59 Acres

Taxes and HOA fees

Tax Description
Lot A, Block 16
Tax Annual Amount
3710

Building Details

Year built
1961
Floors in Building
1
Number of units
5
Flooring type
Vinyl, Wood
Roof type
Shingle
Architectural style
Other

Listing agent David Sutton License #SA00077625

Listing office LPT Realty 11324 Arcade Drive Suite 22 & 23, Little Rock, AR

Listing date Jul 1, 2026

MLS# 26026498 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.


Investment Insights

Based on property information with market context.

Located at 915 N Garfield Street, this income property combines a triplex and a duplex on the same site with shared parking. The triplex includes two units with 2 bedrooms and 1 bathroom each, while the duplex provides 1-bedroom, 1-bath accommodations. Total property size is listed at 4,500 square feet on a 0.59-acre lot.

The listing notes that both the triplex and duplex are under the same parking area, with units described as being on the same property. Because the property is currently being rented short term, scheduling access is coordinated to ensure prospective visitors are directed to the correct vacant units.

This setup can fit buyers and operators looking for a small multi-unit portfolio with a two-unit mix of layouts. With 2-bedroom/1-bath units in the triplex and 1-bedroom/1-bath units in the duplex, the property provides differing unit sizes within one ownership. Showings require 48 hours’ notice, and access is subject to identifying the appropriate vacant unit(s) during the short-term rental operating schedule.

Key Highlights

  • Triplex and duplex on the same property
  • Triplex includes two 2‑bedroom, 1‑bath units
  • Duplex includes two 1‑bedroom, 1‑bath units

Local Financial Insights For Multifamily LT 5

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 $62.1k $13.80
− Vacancy −$3.4k −$0.76
EGI $58.7k $13.04
− OpEx −$17.6k −$3.91
NOI $41.1k $9.13
4,500 SF · lease $13.80/SF/yr · vacancy 5.51% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$586.8K
$513.4K – $684.6K (±1% cap)
NOI $41,075 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$519.6K
$454.6K – $606.2K (±1% cap)
NOI $36,371 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$817.5K
$715.3K – $953.7K (±1% cap)
NOI $57,223 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Auto Repair Shop Electrical Service Parking Lot & Garage Furniture & Home Goods Locksmith Plumbing Service Home Appliance Store Kitchen & Bath Showroom Grocery & Convenience Store Carpet & Flooring Store

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

FAQs

What type of property is this?
Triplex - Two structures on one parcel offer a mix of 2-bedroom and 1-bedroom units for income-focused ownership.
Where is this triplex located?
The property is located at 915 N Garfield Street Little Rock, AR.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Triplex and duplex on the same property; Triplex includes two 2‑bedroom, 1‑bath units; Duplex includes two 1‑bedroom, 1‑bath units
Contact an agent
More about this property
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