Renovated Triplex Near
500 S Valentine, Little Rock, AR 72205
For Sale
$450,000
Multi-Family, Traditional, Little Rock, AR
Property Size3,964 SF
Lot Size0.14 Acres
Price / SF$113.52
Days on Market70
Property Features for 500 S Valentine
General Information
Property type
Property subtype
Appliances
Subdivision
Lot features
Directions
Standard status
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Floors in Building
Number of units
Flooring type
Roof type
Architectural style
Listing Agency:
Jeffrey Neal Realty
Listed By:
Jeffrey Neal
(870) 718-2971
Added: Sep 6
Changed: Nov 3
Last Checked: Nov 14 at 2:06AM
MLS# 26036515
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 renovated triplex contains 3,964 square feet across three residential units on a 0.14-acre parcel. The property was built in 1905 and includes vinyl flooring, shingle roofing, and kitchen appliances including free-standing stoves, dishwashers, and disposals.
Located at 500 S Valentine in Little Rock, the property is minutes from UAMS and carries a 72205 postal designation. Its three-unit configuration, updated condition, and established residential setting provide a clearly defined multifamily format.
Located at 500 S Valentine in Little Rock, the property is minutes from UAMS and carries a 72205 postal designation. Its three-unit configuration, updated condition, and established residential setting provide a clearly defined multifamily format.
Key Highlights
- Renovated triplex with 3,964 square feet
- Three‑unit multifamily configuration
- 0.14‑acre parcel at 500 S Valentine
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
2,695
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 - Three-unit residential property with updated interiors, vinyl flooring, and in-unit kitchen appliances.
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: Renovated triplex with 3,964 square feet; Three‑unit multifamily configuration; 0.14‑acre parcel at 500 S Valentine
