Little Rock Fourplex Investment
1521 W 24Th Street Little Rock, AR 72206
MULTI_FAMILY - Little Rock, AR
Property size:
3,696 SFLot size:
0.21 AcresPrice / SF:
$93/SF- Added:
- Mar 18, 2026
- Days on Market:
- 115
- Last Refresh:
- Jul 10 at 4:06 pm
Property Features for 1521 W 24Th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Appliances
- Free-Standing Stove, Refrigerator-Stays, Free-Standing Stove, Refrigerator-Stays
- Standard status
- Active
- APN
- 34L-195-00-252-00
- Size
- 3,696 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- BLK:20 SUBD:FLEMING & BRADFORD
- Tax Annual Amount
- 3612
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Laminate, Wood
- Roof type
- Composition
- Architectural style
- Other
Listing agent Broderic Armstead (501) 425-2098
Listing office Keller Williams Realty 12814 Cantrell Road, Little Rock, AR (501) 907-5959
Listing date Mar 18, 2026
MLS# 26010421
Listing URL
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 four-unit multi-family property in Little Rock, Arkansas, presents an investor opportunity to start building or expanding an investment portfolio. The property offers strong income potential and is suited for cosmetic updates or strategic improvements to increase value. The building has a total area of 3696 square feet and is situated on a lot of 0.21 acres. The units offer functional layouts, and the property is suitable for both seasoned and new investors looking for passive income and long-term wealth. Located in Pulaski County, this property is an opportunity to capitalize on immediate and long-term returns.
Key Highlights
- Strong income potential for immediate and long‑term returns.
- Opportunity to increase value through cosmetic updates or strategic improvements.
- Functional layout in each unit.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.7k | $15.60 |
| − Vacancy | −$3.3k | −$0.90 |
| EGI | $54.3k | $14.70 |
| − OpEx | −$24.4k | −$6.61 |
| NOI | $29.9k | $8.08 |
3,696 SF · lease $15.60/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$481.9K
$421.7K – $562.3K
NOI $33,736 @ 7.0% cap · market cap 9.78%
Second Best
Apartment 5plus
$426.7K
$373.4K – $497.9K
NOI $29,872 @ 7.0% cap · market cap 8.66%
Theoretical Best
Office A
$671.4K
$587.5K – $783.3K
NOI $46,999 @ 7.0% cap · market cap 13.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit property in Little Rock, ideal for investors.
Where is this quadplex located?
The property is located at 1521 W 24Th Street Little Rock, AR.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Strong income potential for immediate and long‑term returns.; Opportunity to increase value through cosmetic updates or strategic improvements.; Functional layout in each unit.
