Renovated 15-Unit Apartment
For Sale
$899,500
3518 Arapaho Trail, Little Rock, AR 72209
Apartment complex with recently updated units positioned for continued residential occupancy.
Property Size10,090 SF
Price / SF$89.15
Days on Market54
Property Features for 3518 Arapaho Trail
General Information
Standard status
Active
Size
10,090 SF
Property subtype
Multi-family
Site & Location
Neighborhood
Upper Baseline Windamere
Additional Details
Asking Price
$899,500
Multifamily Units
15
Listing Agency:
Realty One Group - Pinnacle
(501) 653-7537
Listed By:
Laura Osborne
(501) 944-0527
Source:
Arprorealty
Added: Sep 12
Changed: Oct 25
Last Checked: Nov 3 at 6:56AM
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 Realty One Group - Pinnacle
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Investment Insights
Based on property information with market context.
This 15-unit apartment building offers a multifamily configuration with recent renovations completed within individual units. The improvements support residential occupancy and provide updated living spaces for incoming tenants.
The property is located at 3518 Arapaho Trail in Little Rock, Arkansas, within the 72209 ZIP code. Its unit count and recent interior work establish a straightforward apartment-building profile for buyers evaluating residential income property.
The property is located at 3518 Arapaho Trail in Little Rock, Arkansas, within the 72209 ZIP code. Its unit count and recent interior work establish a straightforward apartment-building profile for buyers evaluating residential income property.
Key Highlights
- 15‑unit apartment complex
- Individual units recently renovated
- Located at 3518 Arapaho Trail, Little Rock, AR 72209
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,551
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,631,020
$1.6M
Cap Rate 7%
$1,165,014
$1.2M
Cap Rate 9%
$906,122
$906.1K
Market Conditions
NOI Build-Up for 10,090 SF
Gross rent
$157.4K $15.60/SF
− Vacancy
−$9.1K −$0.90/SF
EGI
$148.3K $14.70/SF
− OpEx
−$66.7K −$6.61/SF
NOI
$81.6K $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%
$1,631,020
Cap Rate 7%
$1,165,014
Cap Rate 9%
$906,122
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.
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Lease Details
15
Residential units
Location Intelligence
Trade Area within ½ mile
111
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Apartment complex with recently updated units positioned for continued residential occupancy.
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‑unit apartment complex; Individual units recently renovated; Located at 3518 Arapaho Trail, Little Rock, AR 72209
