Residential Condo with Private
For Sale
$340,000
315 Rock Street #907, Little Rock, AR 72202
Two bedrooms, two baths, updated HVAC, and access to shared recreational amenities support comfortable downtown living.
Property Size1,362 SF
Price / SF$249.63
Days on Market88
Property Features for 315 Rock Street #907
General Information
Standard status
Active
Size
1,362 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
$4,136
Amenities
Concierge
Penthouse lounge and rooftop terrace
Pool
Putting green
Basketball recreational area
Gardening Beds
Firepit and grill
fitness center
Building Details
Building Size
1,362 SF
Year Built
2008
Listing Agency:
Janet Jones Company
Listed By:
Casey Jones
(501) 944-8000
Source:
Carmensellshomesinarkansas
Added: Aug 4
Changed: Oct 26
Last Checked: Oct 26 at 12:08PM
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 Janet Jones Company
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Investment Insights
Based on property information with market context.
This 1,362-square-foot residential condo was built in 2008 and includes a primary suite, a second bedroom, and an additional bath. The kitchen has a gas cooktop, marble countertops, and a wine refrigerator, while a private balcony provides outdoor space. The unit also has high-efficiency HVAC and two parking spaces in a covered, gated area.
Building amenities include a concierge, fitness center, penthouse lounge, rooftop terrace, pool, putting green, basketball area, gardening beds, and a firepit with grill. The property is within walking distance of downtown dining, shops, and venues.
Building amenities include a concierge, fitness center, penthouse lounge, rooftop terrace, pool, putting green, basketball area, gardening beds, and a firepit with grill. The property is within walking distance of downtown dining, shops, and venues.
Key Highlights
- 1,362‑square‑foot condo with two bedrooms and two baths
- Private balcony and two parking spaces in covered, gated parking
- Kitchen features a gas cooktop, marble countertops, and wine refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,008
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$220,160
$220.2K
Cap Rate 7%
$157,257
$157.3K
Cap Rate 9%
$122,311
$122.3K
Market Conditions
NOI Build-Up for 1,362 SF
Gross rent
$21.2K $15.60/SF
− Vacancy
−$1.2K −$0.90/SF
EGI
$20.0K $14.70/SF
− OpEx
−$9.0K −$6.61/SF
NOI
$11.0K $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%
$220,160
Cap Rate 7%
$157,257
Cap Rate 9%
$122,311
Alternative Uses
Best Use
Apartment 5plus
$157.3K
$137.6K – $183.5K
NOI $11,008 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$247.4K
$216.5K – $288.7K
NOI $17,320 @ 7.0% cap · market cap 5.09%
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
3,079
Businesses Nearby
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Business Placement
Demographics for 72202, AR
10,340
Population
7,403
Households
1.4
Avg Household Size
37
Median Age
49%
College-Educated
93%
High-School Grad
7.1 sq mi
ZIP Area
1,456
Density / Sq Mi
$54,167
Median Household Income
$42,981
Median Earnings
$1,040
Median Rent
$246,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two bedrooms, two baths, updated HVAC, and access to shared recreational amenities support comfortable downtown living.
Where is this residential income property located?
The property is located at 315 Rock Street #907 Little Rock, AR.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: 1,362‑square‑foot condo with two bedrooms and two baths; Private balcony and two parking spaces in covered, gated parking; Kitchen features a gas cooktop, marble countertops, and wine refrigerator
