Turnkey Triplex Investment
1870 S Izard Street Little Rock, AR 72206
MULTI_FAMILY - Little Rock, AR
Property size:
2,021 SFLot size:
0.10 AcresPrice / SF:
$106/SF- Added:
- Jul 23, 2025
- Days on Market:
- 353
- Last Refresh:
- Jul 10 at 4:06 pm
Property Features for 1870 S Izard Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Appliances
- Free-Standing Stove, Gas Range, Dishwasher, Disposal, Refrigerator-Stays, Free-Standing Stove, Gas Range, Dishwasher, Disposal, Refrigerator-Stays
- Standard status
- Active
- Size
- 2,021 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Description
- East 83.9 ft of Lot 7 / Blk 24
- Tax Annual Amount
- 1000
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Vinyl
- Roof type
- Composition
- Architectural style
- Other
Listing agent Ray Ellen (501) 313-7733
Listing office Real Broker 400 W Capital Ave Suite 1700, Little Rock, AR (885) 450-0442
Listing date Jul 23, 2025
MLS# 25029172
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 triplex, situated on a corner lot on a street with historic homes, presents a turnkey investment opportunity. The property includes three units, all of which are currently rented and fully renovated. A new roof has been installed. The property size is 2021 square feet, and the lot size is 0.1 acres.
Key Highlights
- Turnkey investment property with all 3 units currently rented.
- New roof.
- All 3 units are fully renovated.
Local Financial Insights For Multifamily LT 5
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 | $27.9k | $13.80 |
| − Vacancy | −$1.5k | −$0.76 |
| EGI | $26.4k | $13.04 |
| − OpEx | −$7.9k | −$3.91 |
| NOI | $18.4k | $9.13 |
2,021 SF · lease $13.80/SF/yr · vacancy 5.51% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Renovated triplex on a corner lot in Little Rock.
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: Turnkey investment property with all 3 units currently rented.; New roof.; All 3 units are fully renovated.
