Renovated Triplex Near
For Sale
$450,000
500 S Valentine, Little Rock, AR 72205
Multi-Family, Traditional, Little Rock, AR
Property Size3,964 SF
Lot Size0.14 Acres
Price / SF$113.52
Days on Market22
Property Features for 500 S Valentine
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Appliances
Free-Standing Stove, Dishwasher, Disposal, Free-Standing Stove, Dishwasher, Disposal
Subdivision
Kimball Bodeman
Lot features
Level
Directions
Located at 500 Valentine Drive, LR, AR.
Standard status
Active
Size
3,964 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
See File
Tax Annual Amount
6178
Legal Description
See File
Building Details
Year built
1905
Floors in Building
3
Number of units
3
Flooring type
Vinyl
Roof type
Shingle
Architectural style
Other
Listing Agency:
Jeffrey Neal Realty
Listed By:
Jeffrey Neal
(870) 718-2971
Added: Sep 6
Changed: Sep 10
Last Checked: Sep 27 at 12:06PM
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,182
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,695
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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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
