Renovated 8-Unit Apartment
For Sale
$799,000
1900 Labette Manor Drive, Little Rock, AR 72205
Multi-Family, Contemporary, Little Rock, AR
Property Size8,582 SF
Lot Size0.66 Acres
Price / SF$93.10
Days on Market392
Property Features for 1900 Labette Manor Drive
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Bedrooms
24
Bathrooms
24
Full bathrooms
24
Rooms
Bedroom 17, Bathroom 6, Bedroom 24, Bedroom 14, Bedroom 19, Bedroom 11, Bedroom 15, Bedroom 7, Bedroom 10, Bedroom 6, Bathroom 15, Bedroom 8, Bathroom 8, Bathroom 18, Bathroom 16, Bathroom 12, Bathroom 21, Bathroom 14, Bedroom 22, Bathroom 23, Bathroom 4, Bathroom 24, Bedroom 2, Bedroom 13, Bedroom 18, Bathroom 3, Bathroom 5, Bedroom 20, Bedroom 4, Bathroom 17, Bathroom 9, Bedroom 12, Bathroom 22, Bedroom 1, Bathroom 11, Bedroom 23, Bathroom 2, Bedroom 9, Bathroom 13, Bedroom 16, Bathroom 19, Bedroom 21, Bedroom 3, Bathroom 1, Bathroom 10, Bathroom 7, Bathroom 20, Bedroom 5
Interior features
Washer Connection, Dryer Connection-Electric, Fan - Ceiling, All Units
Exterior features
Outside Storage Area
Appliances
Dishwasher, Electric Range, Free-Standing Stove, Refrigerator-Stays, Dishwasher, Electric Range, Free-Standing Stove, Refrigerator-Stays
Subdivision
Le Bette Manor
Lot features
Level
Elementary school
Brady
High school
Southwest
Directions
Take 630 to Exit 6B (John Barrow Rd). Take a right on Morris Manor Dr and a left on Labette Dr. Apartments are on your left.
Standard status
Active
APN
44L-091-00-003-00
Size
8,582 SF
Lot size
0.66 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2024
Tax Description
TBD by title company
Tax Annual Amount
5642
Legal Description
TBD by title company
Amenities
washer & dryer hookups
front and rear entrances
onsite parking
extra private storage
Building Details
Year built
1989
Floors in Building
2
Number of units
8
Flooring type
Vinyl
Roof type
Composition
Architectural style
Contemporary
Additional Structures
Storage
Listing Agency:
Mid South Realty
(501) 444-2055
Listed By:
Kari Clay
(501) 240-3117
Added: Oct 9, 2025
Changed: Nov 2
Last Checked: Nov 4 at 10:06AM
MLS# 25040590
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.
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 8-unit apartment property contains townhome-style residences with a consistent layout across the building. Each unit places three bedrooms and a full bathroom upstairs, with a living room, furnished kitchen, and half bathroom on the main level. Units also include washer and dryer hookups, front and rear entrances, vinyl flooring, electric ranges, dishwashers, and refrigerators. The property was renovated within the last 4 years and includes onsite parking plus private exterior storage areas.
The building encompasses 8,582 square feet on 0.66 acres and was constructed in 1989. Located at 1900 Labette Manor Drive in Little Rock, the property is near interstates, Baptist hospitals, shopping, and dining, with downtown approximately 10–15 minutes away. All units are currently leased.
The building encompasses 8,582 square feet on 0.66 acres and was constructed in 1989. Located at 1900 Labette Manor Drive in Little Rock, the property is near interstates, Baptist hospitals, shopping, and dining, with downtown approximately 10–15 minutes away. All units are currently leased.
Key Highlights
- 8‑unit apartment building with 8,582 square feet on 0.66 acres
- All units renovated within the last 4 years
- Each residence includes 3 bedrooms, an upstairs full bath, and a downstairs 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
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?
Apartment building - Townhome-style residences feature three bedrooms, two levels, washer and dryer hookups, private entrances, and exterior storage.
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 building with 8,582 square feet on 0.66 acres; All units renovated within the last 4 years; Each residence includes 3 bedrooms, an upstairs full bath, and a downstairs half bath
