Renovated Triplex with New
For Sale
$215,000
1870 S Izard Street, Little Rock, AR 72206
All three units are currently rented, providing an occupied residential income property.
Property Size2,021 SF
Price / SF$106.38
Days on Market65
Property Features for 1870 S Izard Street
General Information
Standard status
Active
Size
2,021 SF
Property subtype
Multi-family
Site & Location
Neighborhood
Downtown
Additional Details
Multifamily Units
3
Listing Agency:
Real Broker
Listed By:
Ray Ellen
(501) 313-7733
Source:
Heilesassociatesrealtors
Added: Sep 1
Changed: Oct 31
Last Checked: Nov 3 at 7:11AM
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 Real Broker
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This triplex contains three residential units, each currently rented. The property has undergone renovations throughout all three units and includes a new roof, offering updated improvements across the building.
Set on a corner lot at 1870 S Izard Street in Little Rock, the property is situated along a street characterized by historic homes and established residential appeal.
Set on a corner lot at 1870 S Izard Street in Little Rock, the property is situated along a street characterized by historic homes and established residential appeal.
Key Highlights
- Three‑unit triplex with all units currently rented
- All three units have been fully renovated
- New roof installed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,447
Cap Rate
8.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,940
$368.9K
Cap Rate 7%
$263,529
$263.5K
Cap Rate 9%
$204,967
$205.0K
Market Conditions
NOI Build-Up for 2,021 SF
Gross rent
$27.9K $13.80/SF
− Vacancy
−$1.5K −$0.76/SF
EGI
$26.4K $13.04/SF
− OpEx
−$7.9K −$3.91/SF
NOI
$18.4K $9.13/SF
Area
Little Rock, AR
Vacancy
5.51%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,940
Cap Rate 7%
$263,529
Cap Rate 9%
$204,967
Alternative Uses
Best Use
Multifamily LT 5
$263.5K
$230.6K – $307.5K
NOI $18,447 @ 7.0% cap · market cap 8.58%
Second Best
Apartment 5plus
$233.3K
$204.2K – $272.2K
NOI $16,334 @ 7.0% cap · market cap 7.60%
Theoretical Best
Office A
$367.1K
$321.3K – $428.3K
NOI $25,700 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
801
Businesses Nearby
Explore this area
Business Placement
Demographics for 72206, AR
22,974
Population
10,080
Households
2.3
Avg Household Size
43
Median Age
20%
College-Educated
87%
High-School Grad
111.6 sq mi
ZIP Area
206
Density / Sq Mi
$49,145
Median Household Income
$35,157
Median Earnings
$910
Median Rent
$132,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - All three units are currently rented, providing an occupied residential income property.
Where is this triplex located?
The property is located at 1870 S Izard Street Little Rock, AR.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Three‑unit triplex with all units currently rented; All three units have been fully renovated; New roof installed
