Residential Income Property with
For Sale
$125,000
2001 Reservoir, Little Rock, AR 72227
Residential, Townhouse, Little Rock, AR
Property Size1,380 SF
Price / SF$90.58
Days on Market13
Property Features for 2001 Reservoir
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 1, Great Room, Bedroom 3, Bathroom 3
Patio and Porch features
Deck, Porch, Patio
Interior features
Washer Connection, Dryer Connection-Electric, Water Heater-Electric
Exterior features
Patio, Deck, Porch
Appliances
Free-Standing Stove, Dishwasher
Subdivision
TAMARACK PINES APTS
Lot features
Sloped, Zero Lot Line
Directions
Cantrell Road to South on Reservoir to Tamarack Pines or Rodney Parham Road to North on Reservoir to right on Tamarack Pines, Left through first gate on left, turn righ ion parking area to unit on left
Standard status
Active
Size
1,380 SF
Taxes and HOA fees
Tax Description
APT 14
Tax Annual Amount
1341
HOA Fee
$334 Monthly
Legal Description
APT 14
Amenities
private patio
Building Details
Year built
1981
Floors in Building
2
Flooring type
Carpet, Vinyl
Roof type
Composition
Architectural style
Other
Listing Agency:
Trammell & Company Real Estate
(501) 568-5652
Listed By:
Allen Trammell
(501) 681-5850
Added: Sep 22
Changed: Sep 30
Last Checked: Oct 4 at 10:06PM
MLS# 26038788
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 residential income property is a 1,380-square-foot condominium with three bedrooms, three bathrooms, and a great room. Built in 1981, the home includes vinyl and carpet flooring, an electric water heater, washer and dryer connections, a free-standing stove, and a dishwasher. A patio, deck, and porch provide multiple outdoor areas, including a private patio noted in the property details.
The condominium is located within gated Tamarack Pines in Little Rock. The property is offered in as-is condition, with no disclosure provided. Interior spaces include the three bedrooms, three bathrooms, and great room, while the existing finishes and appliances provide a defined residential layout for ownership or investment use.
The condominium is located within gated Tamarack Pines in Little Rock. The property is offered in as-is condition, with no disclosure provided. Interior spaces include the three bedrooms, three bathrooms, and great room, while the existing finishes and appliances provide a defined residential layout for ownership or investment use.
Key Highlights
- 1,380‑square‑foot condominium with 3 bedrooms and 3 bathrooms
- Located within gated Tamarack Pines
- Private patio, deck, and porch
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,154
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$223,080
$223.1K
Cap Rate 7%
$159,343
$159.3K
Cap Rate 9%
$123,933
$123.9K
Market Conditions
NOI Build-Up for 1,380 SF
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.
Gross rent
$21.5K $15.60/SF
− Vacancy
−$1.2K −$0.90/SF
EGI
$20.3K $14.70/SF
− OpEx
−$9.1K −$6.61/SF
NOI
$11.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$223,080
Cap Rate 7%
$159,343
Cap Rate 9%
$123,933
Alternative Uses
Best Use
Apartment 5plus
$159.3K
$139.4K – $185.9K
NOI $11,154 @ 7.0% cap · market cap 8.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$250.7K
$219.4K – $292.5K
NOI $17,548 @ 7.0% cap · market cap 14.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
353
Businesses Nearby
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Business Placement
Demographics for 72227, AR
11,090
Population
5,700
Households
1.9
Avg Household Size
41
Median Age
55%
College-Educated
98%
High-School Grad
3.8 sq mi
ZIP Area
2,918
Density / Sq Mi
$73,533
Median Household Income
$52,565
Median Earnings
$1,035
Median Rent
$260,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom condominium with gated-community setting, private outdoor space, and electric laundry connections.
Where is this residential income property located?
The property is located at 2001 Reservoir Little Rock, AR.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: 1,380‑square‑foot condominium with 3 bedrooms and 3 bathrooms; Located within gated Tamarack Pines; Private patio, deck, and porch
