Renovated 8-Unit Apartment
For Sale
$799,000
1900 Labette Manor Drive, Little Rock, AR 72205
Townhome-style units offer three bedrooms, private storage, and convenient access to interstates, healthcare, shopping, and dining.
Property Size8,582 SF
Price / SF$93.10
Days on Market102
Property Features for 1900 Labette Manor Drive
General Information
Standard status
Active
Size
8,582 SF
Property subtype
Multi-family
Occupancy
100%
Site & Location
Neighborhood
John Barrow
Highway Access
Yes
Additional Details
Average Monthly Rent
$895
Multifamily Units
8
Amenities
washer & dryer hookups
onsite parking
extra private storage
Listing Agency:
Mid South Realty
(501) 444-2055
Listed By:
Kari Clay
(501) 240-3117
Source:
Heilesassociatesrealtors
Added: Jul 26
Changed: Nov 1
Last Checked: Nov 3 at 6:20AM
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 Mid South Realty
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Investment Insights
Based on property information with market context.
This 8-unit apartment property contains matching townhome-style layouts, with three bedrooms and a full bathroom upstairs and a living room, furnished kitchen, and half bathroom on the main level. Each residence includes washer and dryer hookups, separate front and rear entrances, onsite parking, and additional private outdoor storage. The property has been renovated within the last 4 years and totals 8,582 square feet.
Located in West Central Little Rock, the property is near interstate access, Baptist hospital, shopping, and dining. Downtown Little Rock is approximately 10–15 minutes away. All units are currently leased, providing an established operating profile for an apartment investor.
Located in West Central Little Rock, the property is near interstate access, Baptist hospital, shopping, and dining. Downtown Little Rock is approximately 10–15 minutes away. All units are currently leased, providing an established operating profile for an apartment investor.
Key Highlights
- 8‑unit apartment property totaling 8,582 square feet
- Renovated within the last 4 years
- Each unit includes 3 bedrooms upstairs, a full bath, and a main‑level half bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,363
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,387,260
$1.4M
Cap Rate 7%
$990,900
$990.9K
Cap Rate 9%
$770,700
$770.7K
Market Conditions
NOI Build-Up for 8,582 SF
Gross rent
$133.9K $15.60/SF
− Vacancy
−$7.8K −$0.90/SF
EGI
$126.1K $14.70/SF
− OpEx
−$56.8K −$6.61/SF
NOI
$69.4K $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%
$1,387,260
Cap Rate 7%
$990,900
Cap Rate 9%
$770,700
Alternative Uses
Best Use
Apartment 5plus
$990.9K
$867.0K – $1.16M
NOI $69,363 @ 7.0% cap · market cap 8.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $109,131 @ 7.0% cap · market cap 13.66%
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
8
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
579
Businesses Nearby
Explore this area
Business Placement
Demographics for 72205, AR
22,888
Population
12,187
Households
1.9
Avg Household Size
39
Median Age
54%
College-Educated
96%
High-School Grad
8.0 sq mi
ZIP Area
2,861
Density / Sq Mi
$62,888
Median Household Income
$50,948
Median Earnings
$1,110
Median Rent
$204,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Townhome-style units offer three bedrooms, private storage, and convenient access to interstates, healthcare, shopping, and dining.
Where is this apartment building located?
The property is located at 1900 Labette Manor Drive Little Rock, AR.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 8‑unit apartment property totaling 8,582 square feet; Renovated within the last 4 years; Each unit includes 3 bedrooms upstairs, a full bath, and a main‑level half bath
