Two-Home Multifamily
For Sale
Contact for pricing
3523 Tony Rd, Little Rock, AR 72206
Two detached residences on a rural parcel, offered in existing condition for buyers prepared to complete substantial repairs.
Property Size2,092 SF
Lot Size0.46 Acres
Price / SF$5.74
Days on Market73
Property Features for 3523 Tony Rd
General Information
Standard status
Active
Size
2,092 SF
Lot size
0.46 Acres
Property subtype
Multi-Family
Property Condition
Severity
Major Repairs Needed
Evidence
require extensive repairs
Additional Details
Multifamily Units
2
Building Details
Year Built
1970
Buildings
2
Listing Agency:
Capital Real Estate Advisors
Listed By:
Vanessa Muffoletto
(501) 413-3131
Source:
Pcsingtolittlerock
Added: Aug 24
Changed: Oct 26
Last Checked: Nov 3 at 9:35AM
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 Capital Real Estate Advisors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property at 3523 Tony Rd includes two detached residences on approximately 0.46 acres. The larger home contains approximately 1,260 SF, while the second residence provides approximately 832 SF, for a combined property size of 2,092 SF. Both structures require extensive repairs and are offered in their current condition.
Built in 1970, the property is located in rural Little Rock. The seller has not occupied either residence and makes no repairs, warranties, or representations regarding condition or history. Cash-only terms apply, and buyers should independently verify measurements and complete inspections and other due diligence before closing.
Built in 1970, the property is located in rural Little Rock. The seller has not occupied either residence and makes no repairs, warranties, or representations regarding condition or history. Cash-only terms apply, and buyers should independently verify measurements and complete inspections and other due diligence before closing.
Key Highlights
- Two residences on approximately 0.46 acres
- Combined property size of 2,092 SF
- Primary home measures approximately 1,260 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,908
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,160
$338.2K
Cap Rate 7%
$241,543
$241.5K
Cap Rate 9%
$187,867
$187.9K
Market Conditions
NOI Build-Up for 2,092 SF
Gross rent
$32.6K $15.60/SF
− Vacancy
−$1.9K −$0.90/SF
EGI
$30.7K $14.70/SF
− OpEx
−$13.8K −$6.61/SF
NOI
$16.9K $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%
$338,160
Cap Rate 7%
$241,543
Cap Rate 9%
$187,867
Alternative Uses
Best Use
Apartment 5plus
$241.5K
$211.4K – $281.8K
NOI $16,908 @ 7.0% cap · market cap 140.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$380.0K
$332.5K – $443.4K
NOI $26,602 @ 7.0% cap · market cap 221.68%
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
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Explore this area
Business Placement
Demographics for 72206, AR
22,974
Population
10,080
Households
2.3
Avg Household Size
43
Median Age
20%
College-Educated
87%
High-School Grad
111.6 sq mi
ZIP Area
206
Density / Sq Mi
$49,145
Median Household Income
$35,157
Median Earnings
$910
Median Rent
$132,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two detached residences on a rural parcel, offered in existing condition for buyers prepared to complete substantial repairs.
Where is this multifamily property located?
The property is located at 3523 Tony Rd Little Rock, AR.
What are key features of this property?
This property features: Two residences on approximately 0.46 acres; Combined property size of 2,092 SF; Primary home measures approximately 1,260 SF
