15-Unit Apartment
New
For Sale
$899,500
3518 Arapaho Trail, Little Rock, AR 72209
MULTI_FAMILY - Little Rock, AR
Property Size10,090 SF
Lot Size0.58 Acres
Price / SF$89.15
Days on Market1
Property Features for 3518 Arapaho Trail
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Interior features
Washer Connection, Dryer Connection-Gas, Dryer Connection-Electric, Hot Water Heater-Gas, Hot Water Heater-Electric, Smoke Detector, Fan - Ceiling, Window Treatments
Exterior features
Fully Fenced, Dumpster, Wood Fence, Video Surveillance
Fencing
Wood, Full
Appliances
Free-Standing Stove, Gas Range, Electric Range, Dishwasher, Disposal, Refrigerator-Stays, Exhaust Fan, Free-Standing Stove, Gas Range, Electric Range, Dishwasher, Disposal, Refrigerator-Stays, Exhaust Fan
Subdivision
Pine Wood
Lot features
Level
Directions
From Hillaro Springs , Turn left onto Arapaho. Property on left.
Standard status
Active
Size
10,090 SF
Lot size
0.58 Acres
Taxes and HOA fees
Tax Description
lot 3
Tax Annual Amount
11791
Legal Description
lot 3
Building Details
Year built
1983
Floors in Building
2
Number of units
15
Flooring type
Tile, Laminate
Listing Agency:
Realty One Group - Pinnacle
(501) 653-7537
Listed By:
Laura Osborne
(501) 944-0527
Added: Jul 30
Last Checked: Jul 30 at 6:06PM
MLS# 26031012
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.
Investment Insights
Based on property information with market context.
This 15-unit apartment complex includes individual units that have recently undergone renovations. The property is set up for in-unit convenience with washer connection and dryer connections (gas and electric), along with gas and electric hot water heater options. Interior features include smoke detectors, ceiling fans, and window treatments, with tile and laminate flooring throughout.
The building was constructed in 1983 and sits on a 0.58-acre site totaling 10,090 square feet. Exterior amenities include fully fenced grounds with wood fencing, a dumpster area, and video surveillance coverage.
Additional in-unit appliance package elements include free-standing stove options, gas and electric range components, dishwashers, disposals, refrigerator stays, and exhaust fans.
The building was constructed in 1983 and sits on a 0.58-acre site totaling 10,090 square feet. Exterior amenities include fully fenced grounds with wood fencing, a dumpster area, and video surveillance coverage.
Additional in-unit appliance package elements include free-standing stove options, gas and electric range components, dishwashers, disposals, refrigerator stays, and exhaust fans.
Key Highlights
- 15 units with recently renovated individual units
- 0.58‑acre site totaling 10,090 SF
- Fully fenced property with wood fencing and video surveillance
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $157.4k | $15.60 |
| − Vacancy | −$9.1k | −$0.90 |
| EGI | $148.3k | $14.70 |
| − OpEx | −$66.7k | −$6.61 |
| NOI | $81.6k | $8.08 |
10,090 SF · lease $15.60/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.17M
$1.02M – $1.36M
NOI $81,551 @ 7.0% cap · market cap 9.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.83M
$1.60M – $2.14M
NOI $128,307 @ 7.0% cap · market cap 14.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
15
Residential units
Location Intelligence
Trade Area within ½ mile
144
Businesses Nearby
Explore this area
Business Placement
Demographics for 72209, AR
31,641
Population
13,863
Households
2.3
Avg Household Size
32
Median Age
12%
College-Educated
80%
High-School Grad
18.3 sq mi
ZIP Area
1,729
Density / Sq Mi
$40,267
Median Household Income
$32,681
Median Earnings
$982
Median Rent
$99,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated 15-unit apartment building with fenced grounds and video surveillance for added tenant security.
Where is this apartment building located?
The property is located at 3518 Arapaho Trail Little Rock, AR.
What is the asking price?
The asking price for this property is $899,500.
What are key features of this property?
This property features: 15 units with recently renovated individual units; 0.58‑acre site totaling 10,090 SF; Fully fenced property with wood fencing and video surveillance
