Two-Bedroom Residential
For Sale
$165,000
301 Kings Row Dr #501, Little Rock, AR 72207
Ground-level layout includes a separate dining area, office/bonus space, and a covered rear patio.
Property Size1,133 SF
Price / SF$145.63
Days on Market111
Property Features for 301 Kings Row Dr #501
General Information
Standard status
Active
Size
1,133 SF
Property subtype
Condo/Townhse/Duplex/Apt
Site & Location
Neighborhood
Meriwether
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,603
Amenities
community pool
Building Details
Building Size
1,133 SF
Year Built
2006
Listing Agency:
Halsey Real Estate - Benton
Listed By:
Teresa Cogovan
(501) 575-9191
Source:
Jonunderhill
Added: Jul 12
Changed: Oct 26
Last Checked: Oct 26 at 2:33PM
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 Halsey Real Estate - Benton
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Investment Insights
Based on property information with market context.
This 1,133-square-foot condo, built in 2006, has two bedrooms and two full bathrooms on the ground level. Its layout also includes a separate dining area and office/bonus space. The living room has a wood-burning fireplace, while the kitchen features stainless steel appliances and a pantry. A covered patio extends the living area outdoors, and residents can also use the community pool. Recent updates include a roof installed in 2025, carpet replaced in 2023, and a new, unused stove in 2026. A smart thermostat can be operated by smartphone.
The property is at 301 Kings Row Dr in Little Rock, near shopping, midtown, downtown, and West Little Rock. Community fees cover the roof, exterior, grounds maintenance, water, trash and recycling, and annual chimney cleaning.
The property is at 301 Kings Row Dr in Little Rock, near shopping, midtown, downtown, and West Little Rock. Community fees cover the roof, exterior, grounds maintenance, water, trash and recycling, and annual chimney cleaning.
Key Highlights
- Two bedrooms and two full bathrooms in a 1,133‑square‑foot ground‑level condo
- Separate dining area and office/bonus space
- Wood‑burning fireplace, stainless steel kitchen appliances, and pantry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,157
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$183,140
$183.1K
Cap Rate 7%
$130,814
$130.8K
Cap Rate 9%
$101,744
$101.7K
Market Conditions
NOI Build-Up for 1,133 SF
Gross rent
$17.7K $15.60/SF
− Vacancy
−$1.0K −$0.90/SF
EGI
$16.6K $14.70/SF
− OpEx
−$7.5K −$6.61/SF
NOI
$9.2K $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%
$183,140
Cap Rate 7%
$130,814
Cap Rate 9%
$101,744
Alternative Uses
Best Use
Apartment 5plus
$130.8K
$114.5K – $152.6K
NOI $9,157 @ 7.0% cap · market cap 5.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$205.8K
$180.1K – $240.1K
NOI $14,408 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
676
Businesses Nearby
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Business Placement
Demographics for 72207, AR
11,036
Population
5,800
Households
1.9
Avg Household Size
40
Median Age
69%
College-Educated
98%
High-School Grad
3.8 sq mi
ZIP Area
2,904
Density / Sq Mi
$93,958
Median Household Income
$59,658
Median Earnings
$942
Median Rent
$384,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Ground-level layout includes a separate dining area, office/bonus space, and a covered rear patio.
Where is this residential income property located?
The property is located at 301 Kings Row Dr #501 Little Rock, AR.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms in a 1,133‑square‑foot ground‑level condo; Separate dining area and office/bonus space; Wood‑burning fireplace, stainless steel kitchen appliances, and pantry
