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    Triplex With Renovated Units Title is generated by Realmo AI

    201 N Fillmore Street, Little Rock, AR 72205

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    Claim this Listing
    New
    For Sale
    $259,000

    MULTI_FAMILY - Little Rock, AR

    Property size:
    2,184 SF
    Lot size:
    0.18 Acres
    Price / SF:
    $118/SF
    Added:
    Jul 1, 2026
    Days on Market:
    6
    Last Refresh:
    Jul 6 at 2:06 am

    Property Features for 201 N Fillmore Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Interior features
    Washer Connection, Dryer Connection-Gas, Hot Water Heater-Gas
    Appliances
    Free-Standing Stove, Dishwasher, Refrigerator-Stays, Free-Standing Stove, Dishwasher, Refrigerator-Stays
    Standard status
    Active
    Size
    2,184 SF
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LT 23 BLK 1 Strong and Waters
    Tax Annual Amount
    3388

    Building Details

    Year built
    1958
    Floors in Building
    1
    Number of units
    3
    Flooring type
    Wood, Vinyl
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Contact an agent
    Steven Hendrich

    Listing agent Steven Hendrich

    Listing office The H Group Real Estate & Property Management, LLC 1900 N Bryant Ste. 300, Little Rock, AR

    Listing date Jul 1, 2026

    MLS# 26026566 Listing URL

    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.

    HighLights

    • 4‑unit property built in 1958 with composition roof
    • Units 3 and 4 recently renovated; both are currently vacant for the renovation
    • All units have separate utility meters
    • Unit 1 has a long‑time tenant paying $650 per month
    • Units 3 and 4 are listed at $850 per month (vacant at time of renovation)
    • Interior features include washer connection and gas dryer connection; gas hot water heater

    Overview

    This triplex includes three residential units with separate utility meters for each unit. Units 3 and 4 have recently been renovated, while Unit 1 is currently leased to a long-time tenant. The current rent noted for Unit 3 and Unit 4 is $850 per month, and the rent for Unit 1 is $650 per month.

    The property is located at 201 N Fillmore Street in Little Rock, within walking distance to St. Vincent Hospital and Midtown Mall. The overall site size is listed at 0.18 acres.

    For buyers seeking an owner-occupied or investment setup, the renovated units can support ready-to-lease occupancy following the renovation period, while Unit 1 provides an existing rental stream. With separate utility metering already in place, operational responsibility is straightforward for an owner or property manager. The current rent figures provide a clear baseline for comparing tenant billing across the three units.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $30.1k $13.80
    − Vacancy −$1.7k −$0.76
    EGI $28.5k $13.04
    − OpEx −$8.5k −$3.91
    NOI $19.9k $9.13
    2,184 SF · lease $13.80/SF/yr · vacancy 5.51% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $284.8K
    $249.2K – $332.3K (±1% cap)
    NOI $19,935 @ 7.0% cap · market cap 7.70%
    Second Best
    Apartment 5plus
    $252.2K
    $220.7K – $294.2K (±1% cap)
    NOI $17,652 @ 7.0% cap · market cap 6.82%
    Theoretical Best
    Office A
    $396.7K
    $347.2K – $462.9K (±1% cap)
    NOI $27,772 @ 7.0% cap · market cap 10.72%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Building Supply Auto Parts Store Auto Repair Shop Bakery Electrical Service Kitchen & Bath Showroom Travel Agency Storage Facility Home Appliance Store (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.337093
    Latitude
    34.752921

    FAQs

    What type of property is this?
    Triplex - Three-unit income property with separate utility meters and two recently renovated units.
    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: 4‑unit property built in 1958 with composition roof; Units 3 and 4 recently renovated; both are currently vacant for the renovation; All units have separate utility meters
    More about this property
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