Fully Rented
For Sale
$259,000
201 N Fillmore Street, Little Rock, AR 72205
Residential income property with hardwood flooring, laundry hookups, and off-street parking.
Property Size2,184 SF
Price / SF$118.59
Days on Market37
Property Features for 201 N Fillmore Street
General Information
Standard status
Active
Size
2,184 SF
Property subtype
Multi-family
Occupancy
100%
Additional Details
Multifamily Units
3
Amenities
hardwood floors
washer dryer hookup
off street parking
Listing Agency:
The H Group Real Estate & Property Management, LLC
(501) 801-5868
Listed By:
Steven Hendrich
(501) 801-5868
Source:
Heilesassociatesrealtors
Added: Jul 27
Changed: Aug 28
Last Checked: Aug 31 at 5:12PM
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
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.
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 = 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
$19,935
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
7.70%
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%
$398,700
$398.7K
Cap Rate 7%
$284,786
$284.8K
Cap Rate 9%
$221,500
$221.5K
Market Conditions
NOI Build-Up for 2,184 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
$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 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%
$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
NOI $19,935 @ 7.0% cap · market cap 7.70%
Second Best
Apartment 5plus
$252.2K
$220.7K – $294.2K
NOI $17,652 @ 7.0% cap · market cap 6.82%
Theoretical Best
Office A
$396.7K
$347.2K – $462.9K
NOI $27,772 @ 7.0% cap · market cap 10.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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 $259,000.
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
