Residential Income Property with
32 Hampshire Circle, Little Rock, AR 72212
For Sale
$199,999
Residential, Traditional, Little Rock, AR
Property Size1,709 SF
Price / SF$117.03
Days on Market113
Property Features for 32 Hampshire Circle
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Parking features
Patio and Porch features
Interior features
Exterior features
Fencing
Appliances
Subdivision
Lot features
Directions
Standard status
Size
Taxes and HOA fees
Tax Description
Tax Annual Amount
HOA Fee
Legal Description
Building Details
Year built
Floors in Building
Flooring type
Roof type
Architectural style
Listing Agency:
RE/MAX Affiliates Realty · RE/MAX International
(501) 225-1950
Listed By:
Walt Dickinson · License AR #1701
(501) 529-0633
Added: Jul 25
Changed: Nov 2
Last Checked: Nov 14 at 4:06AM
MLS# 26030267
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 condominium offers 1,709 square feet with three bedrooms, two full bathrooms, and a lower-level powder room. The interior includes two living areas, a kitchen and dining combination with breakfast bar and pass-through, stone countertops, backsplash, and built-in appliances. A finished 16-by-8-foot enclosed sunroom extends the living area but is not included in the stated square footage. Additional features include LVP flooring, plantation shutters, a great room, upstairs laundry connections, walk-in storage, and an updated primary bathroom. The home was built in 1973 and includes electric water heating, ceiling fans, and a garage.
Outdoor improvements include a patio and a fully fenced backyard. The property is located in Little Rock, near shopping, dining, and major highway access.
Outdoor improvements include a patio and a fully fenced backyard. The property is located in Little Rock, near shopping, dining, and major highway access.
Key Highlights
- 1,709 square feet with three bedrooms and two full bathrooms
- Finished 16‑by‑8‑foot enclosed sunroom excluded from stated square footage
- Two living areas, including a great room with sunroom access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,813
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$276,260
$276.3K
Cap Rate 7%
$197,329
$197.3K
Cap Rate 9%
$153,478
$153.5K
Market Conditions
NOI Build-Up for 1,709 SF
Gross rent
$26.7K $15.60/SF
− Vacancy
−$1.5K −$0.90/SF
EGI
$25.1K $14.70/SF
− OpEx
−$11.3K −$6.61/SF
NOI
$13.8K $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%
$276,260
Cap Rate 7%
$197,329
Cap Rate 9%
$153,478
Alternative Uses
Best Use
Apartment 5plus
$197.3K
$172.7K – $230.2K
NOI $13,813 @ 7.0% cap · market cap 6.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$310.5K
$271.7K – $362.2K
NOI $21,732 @ 7.0% cap · market cap 10.87%
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
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Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,396
Businesses Nearby
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Business Placement
Demographics for 72212, AR
12,612
Population
5,469
Households
2.3
Avg Household Size
43
Median Age
72%
College-Educated
98%
High-School Grad
6.1 sq mi
ZIP Area
2,068
Density / Sq Mi
$116,310
Median Household Income
$66,158
Median Earnings
$1,089
Median Rent
$341,400
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Little Rock, AR
Properties on Market for Residential income properties in Little Rock
Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom condominium with two living areas, an updated kitchen, private patio, and fully fenced backyard.
Where is this residential income property located?
The property is located at 32 Hampshire Circle Little Rock, AR.
What is the asking price?
The asking price for this property is $199,999.
What are key features of this property?
This property features: 1,709 square feet with three bedrooms and two full bathrooms; Finished 16‑by‑8‑foot enclosed sunroom excluded from stated square footage; Two living areas, including a great room with sunroom access
