Listing Agency: The H Group Real Estate & Property Management, LLC

Listed By: Steven Hendrich Show Phone

Source: Heilesassociatesrealtors

Added: Jul 27 Changed: Oct 15 Last Checked: Oct 14 at 10:51PM

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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 The H Group Real Estate & Property Management, LLC

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Investment Insights

Based on property information with market context.

This fully rented triplex at 201 N Fillmore Street provides three residential units with hardwood floors, washer and dryer hookups, and off-street parking. The property offers an established multifamily configuration for an owner seeking occupied residential income space.

The building is within walking distance of St. Vincent and Midtown Shopping Center, placing everyday shopping and nearby services close to the property. Its Little Rock location and existing occupancy support continued use as a residential income property.

Key Highlights

• Fully rented triplex at 201 N Fillmore Street
• Within walking distance to St. Vincent
• Near Midtown Shopping Center

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,935

Cap Rate

8.48%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$398,700 $398.7K

Cap Rate 7%

$284,786 $284.8K

Cap Rate 9%

$221,500 $221.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,184 SF

Gross rent

$30.1K $13.80/SF

− Vacancy

−$1.7K −$0.76/SF

EGI

$28.5K $13.04/SF

− OpEx

−$8.5K −$3.91/SF

NOI

$19.9K $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%

$398,700

Cap Rate 7%

$284,786

Cap Rate 9%

$221,500

Alternative Uses

Best Use

Multifamily LT 5

$284.8K

$249.2K – $332.3K (±1% cap)

NOI $19,935 @ 7.0% cap · market cap 8.48%

Second Best

Apartment 5plus

$252.2K

$220.7K – $294.2K (±1% cap)

NOI $17,652 @ 7.0% cap · market cap 7.51%

Theoretical Best

Office A

$396.7K

$347.2K – $462.9K (±1% cap)

NOI $27,772 @ 7.0% cap · market cap 11.82%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Building Supply Auto Repair Shop Auto Parts Store Electrical Service Bakery Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

2,096

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - Residential income property with hardwood flooring, laundry hookups, and off-street parking.

Where is this triplex located?

The property is located at 201 N Fillmore Street Little Rock, AR.

What is the asking price?

The asking price for this property is $235,000.

What are key features of this property?

This property features: Fully rented triplex at 201 N Fillmore Street; Within walking distance to St. Vincent; Near Midtown Shopping Center