10-Unit Apartment
For Sale
$815,000
4713-4801 Hickory, North Little Rock, AR 72116
Two recently roofed buildings feature consistent two-bedroom, one-bath apartment layouts.
Property Size7,560 SF
Price / SF$107.80
Days on Market54
Property Features for 4713-4801 Hickory
General Information
Standard status
Active
Size
7,560 SF
Property subtype
Multi-family
Units
Unit Mix
10 x 2BR/1BA
Multifamily Units
10
Building Details
Buildings
2
Listing Agency:
McKimmey Associates REALTORS NLR
(501) 812-3500
Listed By:
Chad Taylor
(501) 231-7612
Source:
Heilesassociatesrealtors
Added: Aug 26
Changed: Oct 15
Last Checked: Oct 16 at 8:57AM
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 McKimmey Associates REALTORS NLR
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Investment Insights
Based on property information with market context.
This multifamily offering includes two apartment buildings with five units each, totaling 10 residences and 7,560 square feet. Every apartment is configured with two bedrooms and one bathroom, creating a consistent unit mix across the property. New roofs are among the recent improvements.
The property is located at 4713-4801 Hickory in North Little Rock, Arkansas, within the Park Hill area. The paired-building layout and uniform floor plans provide a straightforward physical configuration for an apartment ownership strategy, with all units sharing the same two-bedroom, one-bathroom format.
The property is located at 4713-4801 Hickory in North Little Rock, Arkansas, within the Park Hill area. The paired-building layout and uniform floor plans provide a straightforward physical configuration for an apartment ownership strategy, with all units sharing the same two-bedroom, one-bathroom format.
Key Highlights
- 10 total apartment units across two 5‑unit buildings
- Each unit includes 2 bedrooms and 1 bathroom
- 7,560 square feet of total property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,872
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,137,440
$1.1M
Cap Rate 7%
$812,457
$812.5K
Cap Rate 9%
$631,911
$631.9K
Market Conditions
NOI Build-Up for 7,560 SF
Gross rent
$109.8K $14.52/SF
− Vacancy
−$6.4K −$0.84/SF
EGI
$103.4K $13.68/SF
− OpEx
−$46.5K −$6.16/SF
NOI
$56.9K $7.52/SF
Area
Pulaski County, AR
Vacancy
5.80%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,137,440
Cap Rate 7%
$812,457
Cap Rate 9%
$631,911
Alternative Uses
Best Use
Apartment 5plus
$812.5K
$710.9K – $947.9K
NOI $56,872 @ 7.0% cap · market cap 6.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.44M
$1.26M – $1.68M
NOI $100,946 @ 7.0% cap · market cap 12.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
239
Businesses Nearby
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Business Placement
Demographics for 72116, AR
21,715
Population
10,556
Households
2.1
Avg Household Size
42
Median Age
42%
College-Educated
97%
High-School Grad
6.5 sq mi
ZIP Area
3,341
Density / Sq Mi
$75,490
Median Household Income
$46,256
Median Earnings
$1,058
Median Rent
$218,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Two recently roofed buildings feature consistent two-bedroom, one-bath apartment layouts.
Where is this apartment building located?
The property is located at 4713-4801 Hickory North Little Rock, AR.
What is the asking price?
The asking price for this property is $815,000.
What are key features of this property?
This property features: 10 total apartment units across two 5‑unit buildings; Each unit includes 2 bedrooms and 1 bathroom; 7,560 square feet of total property size
