Furnished Residential Income
505 Green Mountain Circle, Little Rock, AR 72211
For Sale
New
$94,900
Residential, Townhouse, Traditional, Little Rock, AR
Property Size1,060 SF
Price / SF$89.53
Days on Market5
Property Features for 505 Green Mountain Circle
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Interior features
Exterior features
Fireplace
Appliances
Subdivision
Lot features
Directions
Standard status
Size
Taxes and HOA fees
Tax Annual Amount
HOA Fee
Amenities
community pool
Building Details
Year built
Floors in Building
Flooring type
Roof type
Architectural style
Listing Agency:
Real Broker
(885) 450-0442
Listed By:
Ray Ellen
(501) 313-7733
Added: Nov 5
Changed: Nov 9
Last Checked: Nov 9 at 8:06AM
MLS# 26044608
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 furnished condominium offers 1,060 square feet with two bedrooms and two bathrooms. Built in 1981, the residence has vinyl flooring, a deck with extra storage, and appliances that include a dishwasher, microwave, stove, and refrigerator. The washer and dryer remain with the property. Popcorn ceilings have been removed and the interior freshly painted; a fireplace is also present.
Community features include a pool and access to a walking trail, with wooded surroundings. Schools, shopping, restaurants, and everyday services are nearby. The residence is in Little Rock, Arkansas, in ZIP code 72211.
Community features include a pool and access to a walking trail, with wooded surroundings. Schools, shopping, restaurants, and everyday services are nearby. The residence is in Little Rock, Arkansas, in ZIP code 72211.
Key Highlights
- 1,060‑square‑foot furnished condominium with two bedrooms and two bathrooms
- Built in 1981; popcorn ceilings removed and interior freshly painted
- Deck with additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,567
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$171,340
$171.3K
Cap Rate 7%
$122,386
$122.4K
Cap Rate 9%
$95,189
$95.2K
Market Conditions
NOI Build-Up for 1,060 SF
Gross rent
$16.5K $15.60/SF
− Vacancy
−$959 −$0.90/SF
EGI
$15.6K $14.70/SF
− OpEx
−$7.0K −$6.61/SF
NOI
$8.6K $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%
$171,340
Cap Rate 7%
$122,386
Cap Rate 9%
$95,189
Alternative Uses
Best Use
Apartment 5plus
$122.4K
$107.1K – $142.8K
NOI $8,567 @ 7.0% cap · market cap 9.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$192.6K
$168.5K – $224.7K
NOI $13,479 @ 7.0% cap · market cap 14.20%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,267
Businesses Nearby
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Business Placement
Demographics for 72211, AR
24,338
Population
12,009
Households
2
Avg Household Size
35
Median Age
56%
College-Educated
97%
High-School Grad
8.3 sq mi
ZIP Area
2,932
Density / Sq Mi
$80,808
Median Household Income
$53,527
Median Earnings
$1,142
Median Rent
$257,800
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Little Rock, AR
Properties on Market for Residential income properties in Little Rock
Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom, two-bath residence includes furnishings, appliances, and a private deck with additional storage.
Where is this residential income property located?
The property is located at 505 Green Mountain Circle Little Rock, AR.
What is the asking price?
The asking price for this property is $94,900.
What are key features of this property?
This property features: 1,060‑square‑foot furnished condominium with two bedrooms and two bathrooms; Built in 1981; popcorn ceilings removed and interior freshly painted; Deck with additional storage
