Two-Bedroom Condo with
For Sale
$94,000
508 Green Mountain Circle, Little Rock, AR 72211
Residential, Traditional, Little Rock, AR
Property Size1,060 SF
Price / SF$88.68
Days on Market124
Property Features for 508 Green Mountain Circle
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 1
Parking features
Assigned
Patio and Porch features
Patio
Interior features
Washer-Stays, Dryer Connection-Electric, Dryer-Stays
Exterior features
Patio, Outside Storage Area
Fireplace
1
Appliances
Electric Range, Dishwasher, Refrigerator-Stays
Subdivision
Green Mountain Condo HPR
Lot features
Zero Lot Line
Directions
From N Shackleford turn L onto Mara Lynn. Turn R onto Green Mountain Drive and take first L onto Green Mountain Circle. Unit will be on the left, 2nd floor.
Standard status
Active
Size
1,060 SF
Taxes and HOA fees
Tax Description
Lot 78 Green Mountain Condo
Tax Annual Amount
920
HOA Fee
$375 Monthly
Legal Description
Lot 78 Green Mountain Condo
Amenities
pool
fireplace
balcony
Building Details
Year built
1981
Floors in Building
1
Flooring type
Vinyl, Carpet
Roof type
Composition
Architectural style
Other
Additional Structures
Storage
Listing Agency:
LPT Realty Conway · RE/MAX International
(501) 291-3841
Listed By:
Cliff Wekkin · License #SA00000000
(501) 339-4506
Added: Jun 16
Changed: Oct 11
Last Checked: Oct 17 at 12:06AM
MLS# 26024328
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 1,060-square-foot condo has two bedrooms and two bathrooms. The kitchen and both baths have been renovated, with additional updates including fresh paint, LVP flooring, and custom closet doors. A fireplace and balconies add interior and outdoor features; one balcony overlooks wooded surroundings. The washer, dryer, and refrigerator stay with the unit, and assigned parking is provided. Built in 1981, the property also includes an outside storage area.
Condo fees cover pool access, water, trash, grounds care, termite service, and exterior maintenance, excluding the balconies. Shopping, dining, entertainment, and interstate access are described as convenient from the West Little Rock location.
Condo fees cover pool access, water, trash, grounds care, termite service, and exterior maintenance, excluding the balconies. Shopping, dining, entertainment, and interstate access are described as convenient from the West Little Rock location.
Key Highlights
- 1,060 square feet with two bedrooms and two bathrooms
- Kitchen and both bathrooms have been renovated
- Balconies include a wooded view; interior fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,567
Cap Rate
9.11%
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 9.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$192.6K
$168.5K – $224.7K
NOI $13,479 @ 7.0% cap · market cap 14.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,267
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - Interior improvements include refreshed kitchen and bathrooms, LVP flooring, and custom closet doors.
Where is this residential income property located?
The property is located at 508 Green Mountain Circle Little Rock, AR.
What is the asking price?
The asking price for this property is $94,000.
What are key features of this property?
This property features: 1,060 square feet with two bedrooms and two bathrooms; Kitchen and both bathrooms have been renovated; Balconies include a wooded view; interior fireplace
