Single-Level Fourplex with
New
For Sale
$299,000
11124 Mara Lynn Drive, Little Rock, AR 72211
Multi-Family, Traditional, Little Rock, AR
Property Size3,360 SF
Lot Size0.24 Acres
Price / SF$88.99
Days on Market2
Property Features for 11124 Mara Lynn Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Interior features
Washer Connection, Dryer Connection-Electric
Exterior features
RV Parking
Appliances
Free-Standing Stove, Dishwasher, Disposal, Free-Standing Stove, Dishwasher, Disposal
Subdivision
Park Ruby
Lot features
Sloped, Corner Lot, In Subdivision
Directions
Shackleford to Mara Lynn
Standard status
Active
Size
3,360 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
lot 1
Tax Annual Amount
4061
Legal Description
lot 1
Amenities
off street parking
Building Details
Year built
1969
Floors in Building
2
Number of units
4
Flooring type
Vinyl, Carpet - Partial
Roof type
Composition
Architectural style
Other
Listing Agency:
Keller Williams Realty
(501) 907-5959
Listed By:
Kristen Honea-McCready
(501) 960-5353
Added: Sep 10
Last Checked: Sep 11 at 2:06AM
MLS# 26036953
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 fourplex contains four single-level residential units, each configured with two bedrooms and one bathroom. The property encompasses 3,360 square feet on a 0.24-acre lot and includes off-street parking, RV parking, electric dryer connections, and washer connections. Unit features include free-standing stoves, dishwashers, disposals, vinyl flooring, and partial carpeting.
Constructed in 1969, the building has a composition roof and is located at 11124 Mara Lynn Drive in Little Rock, Arkansas. The four-unit configuration provides a clearly defined multifamily layout, while the individual kitchen appliances and laundry connections support practical residential operation.
Constructed in 1969, the building has a composition roof and is located at 11124 Mara Lynn Drive in Little Rock, Arkansas. The four-unit configuration provides a clearly defined multifamily layout, while the individual kitchen appliances and laundry connections support practical residential operation.
Key Highlights
- Fourplex with four one‑level units
- Each unit includes 2 bedrooms and 1 bathroom
- 3,360 square feet on a 0.24‑acre lot
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
$27,157
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
9.08%
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%
$543,140
$543.1K
Cap Rate 7%
$387,957
$388.0K
Cap Rate 9%
$301,744
$301.7K
Market Conditions
NOI Build-Up for 3,360 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
$52.4K $15.60/SF
− Vacancy
−$3.0K −$0.90/SF
EGI
$49.4K $14.70/SF
− OpEx
−$22.2K −$6.61/SF
NOI
$27.2K $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 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%
$543,140
Cap Rate 7%
$387,957
Cap Rate 9%
$301,744
Alternative Uses
Best Use
Multifamily LT 5
$438.1K
$383.4K – $511.2K
NOI $30,669 @ 7.0% cap · market cap 10.26%
Second Best
Apartment 5plus
$388.0K
$339.5K – $452.6K
NOI $27,157 @ 7.0% cap · market cap 9.08%
Theoretical Best
Office A
$610.4K
$534.1K – $712.1K
NOI $42,727 @ 7.0% cap · market cap 14.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units offer consistent one-level layouts with dedicated off-street parking and in-unit laundry connections.
Where is this quadplex located?
The property is located at 11124 Mara Lynn Drive Little Rock, AR.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Fourplex with four one‑level units; Each unit includes 2 bedrooms and 1 bathroom; 3,360 square feet on a 0.24‑acre lot
