Eight-Unit Apartment
For Sale
$1,050,000
117-121 Daisy L. Gatson Bates, Little Rock, AR 72202
Commercial / Industrial, Contemporary, Little Rock, AR
Property Size6,240 SF
Lot Size0.25 Acres
Price / SF$168.27
Days on Market605
Property Features for 117-121 Daisy L. Gatson Bates
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
8
Lot features
Level, Sidewalks
Directions
South on Main right on Daisy Bates building is on the left
Subdivision
Little Rock
Standard status
Active
Size
6,240 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Description
CHARLES PLACE HPR
Tax Annual Amount
10530
Legal Description
CHARLES PLACE HPR
Building Details
Year built
1951
Floors in Building
2
Flooring type
Tile, Wood
Roof type
Membrane
Architectural style
Contemporary
Listing Agency:
Marshall Peters & Associates
(501) 414-8340
Listed By:
Chris McCants · License #SA00086115
(501) 553-6224
Added: Feb 7, 2025
Changed: Oct 5
Last Checked: Oct 5 at 12:06PM
MLS# 25005127
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 8-unit apartment property contains 6,240 square feet across residences with one bedroom and one bathroom apiece. Interior details include wood flooring, dining areas, eat-in kitchens, pantry storage, and additional closets. Units also have updated appliances, bathrooms, HVAC systems, and water heaters, along with window blinds and updated lighting. The building dates to 1951 and occupies a 0.25-acre parcel.
At 117-121 Daisy L. Gatson Bates in Little Rock, the property is in SOMA, within walking distance of the area's attractions. Each apartment has one off-street parking space. Tenants pay for gas and electricity.
At 117-121 Daisy L. Gatson Bates in Little Rock, the property is in SOMA, within walking distance of the area's attractions. Each apartment has one off-street parking space. Tenants pay for gas and electricity.
Key Highlights
- 8 apartments, each configured with 1 bedroom and 1 bathroom
- 6,240 square feet on a 0.25‑acre parcel
- One off‑street parking space per apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,434
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,008,680
$1.0M
Cap Rate 7%
$720,486
$720.5K
Cap Rate 9%
$560,378
$560.4K
Market Conditions
NOI Build-Up for 6,240 SF
Gross rent
$97.3K $15.60/SF
− Vacancy
−$5.6K −$0.90/SF
EGI
$91.7K $14.70/SF
− OpEx
−$41.3K −$6.61/SF
NOI
$50.4K $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%
$1,008,680
Cap Rate 7%
$720,486
Cap Rate 9%
$560,378
Alternative Uses
Best Use
Apartment 5plus
$720.5K
$630.4K – $840.6K
NOI $50,434 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$991.9K – $1.32M
NOI $79,349 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,184
Businesses Nearby
Explore this area
Business Placement
Demographics for 72202, AR
10,340
Population
7,403
Households
1.4
Avg Household Size
37
Median Age
49%
College-Educated
93%
High-School Grad
7.1 sq mi
ZIP Area
1,456
Density / Sq Mi
$54,167
Median Household Income
$42,981
Median Earnings
$1,040
Median Rent
$246,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Each residence has a one-bedroom layout, in-unit washer and dryer, and a designated off-street parking space.
Where is this apartment building located?
The property is located at 117-121 Daisy L. Gatson Bates Little Rock, AR.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 8 apartments, each configured with 1 bedroom and 1 bathroom; 6,240 square feet on a 0.25‑acre parcel; One off‑street parking space per apartment
