Renovated Triplex
For Sale
$168,000
303-305 Short Street, North Little Rock, AR 72117
Multi-Family, Traditional, North Little Rock, AR
Property Size2,025 SF
Lot Size0.13 Acres
Price / SF$82.96
Days on Market150
Property Features for 303-305 Short Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Appliances
Free-Standing Stove, Electric Range, Refrigerator-Stays, Free-Standing Stove, Electric Range, Refrigerator-Stays
Subdivision
Poes
Lot features
Level
Directions
Poe St to Short St
Standard status
Active
Size
2,025 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Description
1/9
Tax Annual Amount
1485
Legal Description
1/9
Building Details
Year built
1935
Floors in Building
1
Number of units
3
Flooring type
Vinyl
Roof type
Composition
Architectural style
Other
Listing Agency:
SB Realty & Property Management
(501) 315-6994
Listed By:
Erika Sisson
(501) 413-7817
Added: May 20
Changed: Sep 3
Last Checked: Oct 16 at 8:06PM
MLS# 26020430
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.
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Investment Insights
Based on property information with market context.
This triplex property comprises three rental units distributed between a detached single-family home and a separate duplex. The buildings contain a combined 2,025 square feet and were renovated approximately three years ago. Vinyl flooring, composition roofing, and multiple electric ranges and refrigerators are included among the documented features. The property was built in 1935 and occupies 0.13 acres.
Two units are occupied, while the remaining duplex unit is being marketed for rent. The owner currently provides water and trash service, with tenants paying a monthly utility fee. Separate buildings create a distinct physical arrangement for operating the units as rentals or using one residence while retaining the others as income-producing units.
Two units are occupied, while the remaining duplex unit is being marketed for rent. The owner currently provides water and trash service, with tenants paying a monthly utility fee. Separate buildings create a distinct physical arrangement for operating the units as rentals or using one residence while retaining the others as income-producing units.
Key Highlights
- Three rental units across a detached home and duplex
- 2,025 square feet across two buildings on 0.13 acres
- Renovated approximately three years ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,234
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,680
$304.7K
Cap Rate 7%
$217,629
$217.6K
Cap Rate 9%
$169,267
$169.3K
Market Conditions
NOI Build-Up for 2,025 SF
Gross rent
$29.4K $14.52/SF
− Vacancy
−$1.7K −$0.84/SF
EGI
$27.7K $13.68/SF
− OpEx
−$12.5K −$6.16/SF
NOI
$15.2K $7.52/SF
Area
Pulaski County, AR
Vacancy
5.80%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,680
Cap Rate 7%
$217,629
Cap Rate 9%
$169,267
Alternative Uses
Best Use
Multifamily LT 5
$243.1K
$212.7K – $283.6K
NOI $17,018 @ 7.0% cap · market cap 10.13%
Second Best
Apartment 5plus
$217.6K
$190.4K – $253.9K
NOI $15,234 @ 7.0% cap · market cap 9.07%
Theoretical Best
Specialty Retail
$386.3K
$338.0K – $450.7K
NOI $27,039 @ 7.0% cap · market cap 16.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
266
Businesses Nearby
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Business Placement
Demographics for 72117, AR
13,730
Population
6,691
Households
2.1
Avg Household Size
38
Median Age
28%
College-Educated
83%
High-School Grad
54.4 sq mi
ZIP Area
252
Density / Sq Mi
$41,670
Median Household Income
$31,903
Median Earnings
$1,125
Median Rent
$125,400
Median Home Value
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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?
Multifamily property - Three rental units are arranged in a detached home and duplex on one parcel.
Where is this multifamily property located?
The property is located at 303-305 Short Street North Little Rock, AR.
What is the asking price?
The asking price for this property is $168,000.
What are key features of this property?
This property features: Three rental units across a detached home and duplex; 2,025 square feet across two buildings on 0.13 acres; Renovated approximately three years ago
