Historic Residential Income
For Sale
$189,900
423 E 3Rd St #Courtyard 5, Little Rock, AR 72201
Residential, Contemporary, Little Rock, AR
Property Size669 SF
Price / SF$283.86
Days on Market9
Property Features for 423 E 3Rd St #Courtyard 5
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Bathroom 1
Appliances
Free-Standing Stove, Dishwasher
Subdivision
TUF NUT BLDG HPR
Lot features
Zero Lot Line
Directions
Tuf Nut Building, 423 E Third St, Little Rock. Paid parking available on street and across in parking garage.
Standard status
Active
Size
669 SF
Taxes and HOA fees
Tax Year
2026
Tax Description
UNIt 105
Tax Annual Amount
2170
HOA Fee
$180 Monthly
Legal Description
UNIt 105
Amenities
secure controlled access
washer/dryer
Building Details
Year built
1930
Flooring type
Concrete, Wood
Roof type
Flat
Architectural style
Contemporary
Listing Agency:
Berkshire Hathaway HomeServices Arkansas Realty
(501) 255-2000
Listed By:
Scott Sandlin
(501) 529-2084
Added: Oct 9
Changed: Oct 16
Last Checked: Oct 17 at 2:06AM
MLS# 26040998
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 669-square-foot condominium is in a 1930 building listed on the National Historic Register. Post-and-beam construction, exposed brick, wood and concrete flooring, and 15-foot ceilings shape the loft interior. The bedroom is separated from the living area by a barn door. The kitchen includes a free-standing stove and dishwasher, and a washer and dryer are also included. A new stove and hot water heater were installed in October 2026.
The building provides controlled access and allows pets. The address is in downtown Little Rock, within walking distance of the River Market, River Trail, parks, restaurants, gyms, a grocery store, and a liquor store.
The building provides controlled access and allows pets. The address is in downtown Little Rock, within walking distance of the River Market, River Trail, parks, restaurants, gyms, a grocery store, and a liquor store.
Key Highlights
- 669‑square‑foot condominium in a 1930 building
- Building listed on the National Historic Register
- Post‑and‑beam construction, 15‑foot ceilings, and exposed brick
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,407
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$108,140
$108.1K
Cap Rate 7%
$77,243
$77.2K
Cap Rate 9%
$60,078
$60.1K
Market Conditions
NOI Build-Up for 669 SF
Gross rent
$10.4K $15.60/SF
− Vacancy
−$605 −$0.90/SF
EGI
$9.8K $14.70/SF
− OpEx
−$4.4K −$6.61/SF
NOI
$5.4K $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%
$108,140
Cap Rate 7%
$77,243
Cap Rate 9%
$60,078
Alternative Uses
Best Use
Apartment 5plus
$77.2K
$67.6K – $90.1K
NOI $5,407 @ 7.0% cap · market cap 2.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$121.5K
$106.3K – $141.8K
NOI $8,507 @ 7.0% cap · market cap 4.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,079
Businesses Nearby
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Business Placement
Demographics for 72201, AR
961
Population
628
Households
1.5
Avg Household Size
44
Median Age
78%
College-Educated
100%
High-School Grad
1.2 sq mi
ZIP Area
801
Density / Sq Mi
$112,045
Median Household Income
$71,188
Median Earnings
$1,344
Median Rent
$262,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A downtown condominium pairs original industrial character with an efficient kitchen and included appliances.
Where is this residential income property located?
The property is located at 423 E 3Rd St #Courtyard 5 Little Rock, AR.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: 669‑square‑foot condominium in a 1930 building; Building listed on the National Historic Register; Post‑and‑beam construction, 15‑foot ceilings, and exposed brick
