Downstairs 2-Bedroom
For Sale
$120,000
101 Pine Forest E-17, Maumelle, AR 72113
The 1979 residence includes two balconies, assigned parking, and a tenant in place.
Property Size1,029 SF
Price / SF$116.62
Days on Market164
Property Features for 101 Pine Forest E-17
General Information
Standard status
Active
Size
1,029 SF
Total Parking Spaces
2
Property subtype
Condo/Townhse/Duplex/Apt
Financials
Average Monthly Rent
$1,200
HOA Fee
$220
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$895
Building Details
Building Size
1,029 SF
Year Built
1979
Tenancy
Single
Listing Agency:
Resource Realty
Listed By:
Carmen Brown
(501) 398-9323
Source:
Carmensellshomesinarkansas
Added: May 22
Changed: Oct 31
Last Checked: Oct 31 at 8:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Resource Realty
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Investment Insights
Based on property information with market context.
This 1,029-square-foot condo has two bedrooms and two bathrooms on the downstairs level. Interior features include newer appliances, luxury vinyl plank and tile flooring, and fresh paint. Two private balconies and two assigned parking spaces are part of the property. A tenant is in place.
Key Highlights
- 1,029‑square‑foot condo with 2 bedrooms and 2 bathrooms
- Downstairs unit with two private balconies
- Two assigned parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,741
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$154,820
$154.8K
Cap Rate 7%
$110,586
$110.6K
Cap Rate 9%
$86,011
$86.0K
Market Conditions
NOI Build-Up for 1,029 SF
Gross rent
$14.9K $14.52/SF
− Vacancy
−$867 −$0.84/SF
EGI
$14.1K $13.68/SF
− OpEx
−$6.3K −$6.16/SF
NOI
$7.7K $7.52/SF
Area
Pulaski County, AR
Vacancy
5.80%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$154,820
Cap Rate 7%
$110,586
Cap Rate 9%
$86,011
Alternative Uses
Best Use
Apartment 5plus
$110.6K
$96.8K – $129.0K
NOI $7,741 @ 7.0% cap · market cap 6.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$196.3K
$171.8K – $229.0K
NOI $13,740 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
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Business Placement
Demographics for 72113, AR
25,930
Population
12,260
Households
2.1
Avg Household Size
38
Median Age
46%
College-Educated
96%
High-School Grad
26.3 sq mi
ZIP Area
986
Density / Sq Mi
$72,054
Median Household Income
$46,212
Median Earnings
$1,084
Median Rent
$275,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The 1979 residence includes two balconies, assigned parking, and a tenant in place.
Where is this residential income property located?
The property is located at 101 Pine Forest E-17 Maumelle, AR.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: 1,029‑square‑foot condo with 2 bedrooms and 2 bathrooms; Downstairs unit with two private balconies; Two assigned parking spaces
