Two-Bedroom Residential Income
For Sale
$345,000
300 E 3rd # 704 Street Unit 704, Little Rock, AR 72201
A downtown unit includes two reserved spaces in a covered garage and conveys with its appliances.
Property Size1,299 SF
Price / SF$265.59
Days on Market67
Property Features for 300 E 3rd # 704 Street Unit 704
General Information
Standard status
Active
Size
1,299 SF
Total Parking Spaces
2
Property subtype
Condo/Townhse/Duplex/Apt
Site & Location
Neighborhood
Downtown
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,221
Building Details
Building Size
1,299 SF
Year Built
2007
Listing Agency:
Crye-Leike REALTORS Bryant
Listed By:
Toni Knowles
(501) 350-5800
Source:
Dillrealestate
Added: Aug 25
Changed: Oct 26
Last Checked: Oct 26 at 3:52PM
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 Crye-Leike REALTORS Bryant
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
On the seventh floor of 300 Third Tower, this condominium offers 1,299 square feet with two bedrooms and two full bathrooms. Replaced hardwood flooring, storage, and a spacious layout are among its interior features. The sale includes all appliances, including the washer and dryer.
The building is in downtown Little Rock. The unit comes with two reserved spaces, numbered 201 and 202, in the covered garage. Built in 2007, the condominium combines a two-bedroom, two-bath configuration with dedicated garage parking.
The building is in downtown Little Rock. The unit comes with two reserved spaces, numbered 201 and 202, in the covered garage. Built in 2007, the condominium combines a two-bedroom, two-bath configuration with dedicated garage parking.
Key Highlights
- 1,299‑square‑foot condominium on the seventh floor
- Two bedrooms and two full bathrooms
- Two reserved covered‑garage spaces: 201 and 202
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,499
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$209,980
$210.0K
Cap Rate 7%
$149,986
$150.0K
Cap Rate 9%
$116,656
$116.7K
Market Conditions
NOI Build-Up for 1,299 SF
Gross rent
$20.3K $15.60/SF
− Vacancy
−$1.2K −$0.90/SF
EGI
$19.1K $14.70/SF
− OpEx
−$8.6K −$6.61/SF
NOI
$10.5K $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%
$209,980
Cap Rate 7%
$149,986
Cap Rate 9%
$116,656
Alternative Uses
Best Use
Apartment 5plus
$150.0K
$131.2K – $175.0K
NOI $10,499 @ 7.0% cap · market cap 3.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$236.0K
$206.5K – $275.3K
NOI $16,518 @ 7.0% cap · market cap 4.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,694
Businesses Nearby
Explore this area
Business Placement
Demographics for 72201, AR
961
Population
628
Households
1.5
Avg Household Size
44
Median Age
78%
College-Educated
100%
High-School Grad
1.2 sq mi
ZIP Area
801
Density / Sq Mi
$112,045
Median Household Income
$71,188
Median Earnings
$1,344
Median Rent
$262,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - A downtown unit includes two reserved spaces in a covered garage and conveys with its appliances.
Where is this residential income property located?
The property is located at 300 E 3rd # 704 Street Unit 704 Little Rock, AR.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 1,299‑square‑foot condominium on the seventh floor; Two bedrooms and two full bathrooms; Two reserved covered‑garage spaces: 201 and 202
