Four-Unit Multifamily
For Sale
$325,000
11005 Mara Lynn Road, Little Rock, AR 72211
MULTI_FAMILY - Little Rock, AR
Property Size3,500 SF
Lot Size0.19 Acres
Price / SF$92.86
Days on Market217
Property Features for 11005 Mara Lynn Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Appliances
Free-Standing Stove, Free-Standing Stove
Subdivision
Beverly Hills
Lot features
Level
Directions
take the S Shackleford Rd exit, Use any lane to turn slightly right onto S Shackleford Rd, Turn left onto Mara Lynn Rd, Destination will be on the left
Standard status
Active
APN
44L-063-00-051-00
Size
3,500 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
60/0
Tax Annual Amount
4055
Legal Description
60/0
Building Details
Year built
1970
Floors in Building
2
Number of units
4
Flooring type
Vinyl
Roof type
Shingle
Architectural style
Other
Listing Agency:
River Rock Realty Company
(501) 353-2504
Listed By:
Jamie Hoffman
(501) 232-8964
Added: Jan 15
Changed: Jul 28
Last Checked: Aug 20 at 8:06AM
MLS# 26002392
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.
Four-unit multifamily quadplex on a 0.19-acre lot, built in 1970. The property consists of four 2BR/1BA units and is fully leased. Each tenant pays their own utilities, supporting a cash-flowing setup.
With approximately 3,500 square feet of building area, the home features vinyl flooring and a shingle roof. Appliances include free-standing stoves.
Financing discussions highlight DSCR-based scenarios: the property is described as supporting approximately a 1.35 DSCR with 20% down on a 7% fixed 30-year loan, increasing to approximately 1.42 with 25% down and 1.50 with 30% down. The property is located at 11005 Mara Lynn Road in Little Rock, AR 72211 (Pulaski County).
With approximately 3,500 square feet of building area, the home features vinyl flooring and a shingle roof. Appliances include free-standing stoves.
Financing discussions highlight DSCR-based scenarios: the property is described as supporting approximately a 1.35 DSCR with 20% down on a 7% fixed 30-year loan, increasing to approximately 1.42 with 25% down and 1.50 with 30% down. The property is located at 11005 Mara Lynn Road in Little Rock, AR 72211 (Pulaski County).
Key Highlights
- Fully leased quadplex with four 2BR/1BA units
- Tenants pay their own utilities
- 0.19‑acre lot with 3,500 SF building area
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
$28,288
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
8.70%
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%
$565,760
$565.8K
Cap Rate 7%
$404,114
$404.1K
Cap Rate 9%
$314,311
$314.3K
Market Conditions
NOI Build-Up for 3,500 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
$54.6K $15.60/SF
− Vacancy
−$3.2K −$0.90/SF
EGI
$51.4K $14.70/SF
− OpEx
−$23.1K −$6.61/SF
NOI
$28.3K $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 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%
$565,760
Cap Rate 7%
$404,114
Cap Rate 9%
$314,311
Alternative Uses
Best Use
Multifamily LT 5
$456.4K
$399.3K – $532.5K
NOI $31,947 @ 7.0% cap · market cap 9.83%
Second Best
Apartment 5plus
$404.1K
$353.6K – $471.5K
NOI $28,288 @ 7.0% cap · market cap 8.70%
Theoretical Best
Office A
$635.8K
$556.3K – $741.8K
NOI $44,507 @ 7.0% cap · market cap 13.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,537
Businesses Nearby
Explore this area
Business Placement
Demographics for 72211, AR
24,338
Population
12,009
Households
2
Avg Household Size
35
Median Age
56%
College-Educated
97%
High-School Grad
8.3 sq mi
ZIP Area
2,932
Density / Sq Mi
$80,808
Median Household Income
$53,527
Median Earnings
$1,142
Median Rent
$257,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased quadplex with four 2-bedroom units where tenants pay their own utilities.
Where is this quadplex located?
The property is located at 11005 Mara Lynn Road Little Rock, AR.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Fully leased quadplex with four 2BR/1BA units; Tenants pay their own utilities; 0.19‑acre lot with 3,500 SF building area
