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Updated Four-Unit Quadplex
For Sale
$375,000

507 Mimi Lane, Little Rock, AR 72211

Tenant-occupied property offers varied residential layouts near shopping, dining, and major commuter routes.

Property SizeContact for details
Days on Market46

Property Features for 507 Mimi Lane

General Information

Standard status Active
Property subtype Multi Family Home
Zoning Res

Building Details

Year Built 1975
Buildings 1
Stories 1
Units 4
Tenancy Multi
Listing Agency: Keller Williams Realty
Listed By: Langston Carr
Source: Jcthornton
Added: Jul 10 Changed: Aug 23 Last Checked: Aug 24 at 1:41PM

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 Keller Williams Realty

Investment Insights

Based on property information with market context.

Located at 507 Mimi Ln in Little Rock, this four-unit residential property contains 4,192 square feet of living space. The unit mix includes two 2-bedroom residences and two 1-bedroom residences, providing a range of layouts within one multifamily asset. Built in 1975, the property has received moderate updates and remains tenant occupied.

The property is positioned near shopping, dining, and major commuter routes. Each residence features a functional layout suited to long-term occupancy, while the combination of unit sizes creates a diversified configuration within the building. A video walkthrough is available upon request.

Key Highlights

  • Four‑unit building with two 2‑bedroom units and two 1‑bedroom units
  • 4,192 square feet of living space
  • Built in 1975 with moderate updates

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Kitchen & Bath Showroom Electrical Service Plumbing Service Parking Lot & Garage HVAC Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,697
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Tenant-occupied property offers varied residential layouts near shopping, dining, and major commuter routes.
Where is this quadplex located?
The property is located at 507 Mimi Lane Little Rock, AR.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Four‑unit building with two 2‑bedroom units and two 1‑bedroom units; 4,192 square feet of living space; Built in 1975 with moderate updates
More about this property
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