Renovated Triplex Near
500 S Valentine, Little Rock, AR 72205
For Sale
$450,000
Updated three-unit residential income property near UAMS with a documented 1905 construction date.
Property Size3,964 SF
Price / SF$113.52
Days on Market67
Property Features for 500 S Valentine
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Century 21 Perry Real Estate
Listed By:
Amber Wood
(501) 444-2055
Source:
Midsouthar
Added: Sep 9
Changed: Nov 12
Last Checked: Nov 12 at 7:44AM
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 Century 21 Perry Real Estate
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Investment Insights
Based on property information with market context.
This three-unit property offers 3,964 square feet across a fully renovated triplex configuration. The improvements provide an updated residential income asset while retaining the building’s original 1905 construction date.
The property is located at 500 N Valentine in Little Rock, near UAMS. Its triplex layout supports separate residential units within a single building, making the asset suitable for continued multifamily use.
The property is located at 500 N Valentine in Little Rock, near UAMS. Its triplex layout supports separate residential units within a single building, making the asset suitable for continued multifamily use.
Key Highlights
- Three‑unit triplex configuration
- 3,964 square feet of property size
- Fully renovated building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,182
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$723,640
$723.6K
Cap Rate 7%
$516,886
$516.9K
Cap Rate 9%
$402,022
$402.0K
Market Conditions
NOI Build-Up for 3,964 SF
Gross rent
$54.7K $13.80/SF
− Vacancy
−$3.0K −$0.76/SF
EGI
$51.7K $13.04/SF
− OpEx
−$15.5K −$3.91/SF
NOI
$36.2K $9.13/SF
Area
Little Rock, AR
Vacancy
5.51%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$723,640
Cap Rate 7%
$516,886
Cap Rate 9%
$402,022
Alternative Uses
Best Use
Multifamily LT 5
$516.9K
$452.3K – $603.0K
NOI $36,182 @ 7.0% cap · market cap 8.04%
Second Best
Apartment 5plus
$457.7K
$400.5K – $534.0K
NOI $32,038 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$720.1K
$630.1K – $840.1K
NOI $50,407 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,735
Businesses Nearby
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Business Placement
Demographics for 72205, AR
22,888
Population
12,187
Households
1.9
Avg Household Size
39
Median Age
54%
College-Educated
96%
High-School Grad
8.0 sq mi
ZIP Area
2,861
Density / Sq Mi
$62,888
Median Household Income
$50,948
Median Earnings
$1,110
Median Rent
$204,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Updated three-unit residential income property near UAMS with a documented 1905 construction date.
Where is this triplex located?
The property is located at 500 S Valentine Little Rock, AR.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Three‑unit triplex configuration; 3,964 square feet of property size; Fully renovated building
