Updated Triplex Investment
For Sale
$195,000
2116 Cumberland, Little Rock, AR 72206
Three-unit residential property with active leases and recent improvements in two units.
Property Size2,114 SF
Price / SF$92.24
Days on Market53
Property Features for 2116 Cumberland
General Information
Standard status
Active
Size
2,114 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Soma 501
Utilities to Site
Yes
Additional Details
Gross Income
$26,700
Listing Agency:
Hawks Realty
(501) 205-5965
Listed By:
Carter Archer · License #SA00090576
(501) 626-8749
Source:
Heilesassociatesrealtors
Added: Sep 13
Changed: Oct 25
Last Checked: Nov 3 at 7:04AM
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 Hawks Realty
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Investment Insights
Based on property information with market context.
This three-unit residential property contains 2,114 square feet and has active leases in place. Two of the units have received recent updates, while the property’s utility service is configured through a single meter. Each tenant is responsible for one-third of the utility costs.
Located at 2116 Cumberland in Little Rock, Arkansas, the property offers an existing multifamily configuration with current tenancy and documented improvements to part of the building.
Located at 2116 Cumberland in Little Rock, Arkansas, the property offers an existing multifamily configuration with current tenancy and documented improvements to part of the building.
Key Highlights
- Three‑unit multifamily property with 2,114 square feet
- Active leases in place across the property
- Recent updates completed in 2 of 3 units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,086
Cap Rate
8.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,720
$341.7K
Cap Rate 7%
$244,086
$244.1K
Cap Rate 9%
$189,844
$189.8K
Market Conditions
NOI Build-Up for 2,114 SF
Gross rent
$33.0K $15.60/SF
− Vacancy
−$1.9K −$0.90/SF
EGI
$31.1K $14.70/SF
− OpEx
−$14.0K −$6.61/SF
NOI
$17.1K $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%
$341,720
Cap Rate 7%
$244,086
Cap Rate 9%
$189,844
Alternative Uses
Best Use
Multifamily LT 5
$275.7K
$241.2K – $321.6K
NOI $19,296 @ 7.0% cap · market cap 9.90%
Second Best
Apartment 5plus
$244.1K
$213.6K – $284.8K
NOI $17,086 @ 7.0% cap · market cap 8.76%
Theoretical Best
Office A
$384.0K
$336.0K – $448.0K
NOI $26,882 @ 7.0% cap · market cap 13.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
641
Businesses Nearby
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Business Placement
Demographics for 72206, AR
22,974
Population
10,080
Households
2.3
Avg Household Size
43
Median Age
20%
College-Educated
87%
High-School Grad
111.6 sq mi
ZIP Area
206
Density / Sq Mi
$49,145
Median Household Income
$35,157
Median Earnings
$910
Median Rent
$132,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with active leases and recent improvements in two units.
Where is this triplex located?
The property is located at 2116 Cumberland Little Rock, AR.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Three‑unit multifamily property with 2,114 square feet; Active leases in place across the property; Recent updates completed in 2 of 3 units
