Two-Bedroom Condominium with
New
For Sale
$140,000
10 Reservoir Heights, Little Rock, AR 72227
Residential, Traditional, Little Rock, AR
Property Size1,384 SF
Price / SF$101.16
Days on Market2
Property Features for 10 Reservoir Heights
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2
Parking features
Assigned
Fireplace
1
Appliances
Built-In Stove, Electric Range, Dishwasher, Pantry, Refrigerator-Stays
Subdivision
Reservior Heights Condo HPR
Lot features
Sloped, Wooded, In Subdivision
Directions
copy/paste: 10 Reservoir Heights Dr, Little Rock, AR 72227
Standard status
Active
Size
1,384 SF
Taxes and HOA fees
Tax Description
Unit 10 Reservoir Hgts Condo
Tax Annual Amount
1575
HOA Fee
$403 Monthly
Legal Description
Unit 10 Reservoir Hgts Condo
Amenities
community pool with covered pavilion
Building Details
Year built
1981
Floors in Building
1
Flooring type
Vinyl, Tile
Roof type
Composition
Architectural style
Other
Listing Agency:
The Legacy Team
(501) 837-6199
Listed By:
Angela Rhodes
(501) 920-5766
Added: Oct 8
Last Checked: Oct 9 at 8:06AM
MLS# 26040913
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 1,384-square-foot, single-level condominium has two bedrooms and two bathrooms, with an open living and dining area, vinyl and tile flooring, and a fireplace. A screened sunroom extends the living space, while a garden window adds a feature to the dining area. The kitchen includes an electric range, dishwasher, pantry, and refrigerator. A walk-in closet and private bath serve the primary bedroom; the second bedroom has a double-door closet and a nearby hall bath. Laundry is located by the entry, and an attached exterior storage room provides additional space.
The property was built in 1981. Parking includes two assigned spaces, with visitor parking nearby. The HOA covers exterior maintenance, grounds, a termite contract, and access to a community pool and covered pavilion.
The property was built in 1981. Parking includes two assigned spaces, with visitor parking nearby. The HOA covers exterior maintenance, grounds, a termite contract, and access to a community pool and covered pavilion.
Key Highlights
- 1,384‑square‑foot condominium with 2 bedrooms and 2 bathrooms
- Single‑level layout with screened sunroom and fireplace
- Two assigned parking spaces; visitor parking nearby
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,186
Cap Rate
7.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,720
$223.7K
Cap Rate 7%
$159,800
$159.8K
Cap Rate 9%
$124,289
$124.3K
Market Conditions
NOI Build-Up for 1,384 SF
Gross rent
$21.6K $15.60/SF
− Vacancy
−$1.3K −$0.90/SF
EGI
$20.3K $14.70/SF
− OpEx
−$9.2K −$6.61/SF
NOI
$11.2K $8.08/SF
Area
Little Rock, AR
Vacancy
5.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,720
Cap Rate 7%
$159,800
Cap Rate 9%
$124,289
Alternative Uses
Best Use
Apartment 5plus
$159.8K
$139.8K – $186.4K
NOI $11,186 @ 7.0% cap · market cap 7.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$251.4K
$220.0K – $293.3K
NOI $17,599 @ 7.0% cap · market cap 12.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
556
Businesses Nearby
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Business Placement
Demographics for 72227, AR
11,090
Population
5,700
Households
1.9
Avg Household Size
41
Median Age
55%
College-Educated
98%
High-School Grad
3.8 sq mi
ZIP Area
2,918
Density / Sq Mi
$73,533
Median Household Income
$52,565
Median Earnings
$1,035
Median Rent
$260,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A single-level home pairs an open living and dining area with a screened sunroom and attached storage.
Where is this residential income property located?
The property is located at 10 Reservoir Heights Little Rock, AR.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: 1,384‑square‑foot condominium with 2 bedrooms and 2 bathrooms; Single‑level layout with screened sunroom and fireplace; Two assigned parking spaces; visitor parking nearby
