Residential Income Property with
For Sale
$95,000
518 Green Mountain Circle, Little Rock, AR 72211
Residential, Townhouse, Little Rock, AR
Property Size1,060 SF
Price / SF$89.62
Days on Market27
Property Features for 518 Green Mountain Circle
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bathroom 1, Great Room, Bathroom 2
Patio and Porch features
Porch
Interior features
Washer Connection, Dryer Connection-Electric, Water Heater-Electric, Window Treatments, Walk-In Closet(s), Ceiling Fan(s), Kit Counter-Formica
Exterior features
Porch
Fireplace
1
Appliances
Free-Standing Stove, Electric Range, Dishwasher, Refrigerator-Stays
Subdivision
Green Mountain Condo HPR
Lot features
Wooded
Directions
I 430 to West on Financial Center Parkway to Right on Bowman Road to Right on Mara Lynn to Left on Green Mountain entrance on left look for Mail boxes for 518. Apartment is upstairs to the right on the left walkway of mail box.
Standard status
Active
Size
1,060 SF
Taxes and HOA fees
Tax Description
Lot 16
Tax Annual Amount
1011
HOA Fee
$375 Monthly
Legal Description
Lot 16
Amenities
community pool
balcony
walk-in closet
sliding glass doors
mature trees
outdoor space
Building Details
Year built
1980
Floors in Building
1
Flooring type
Vinyl, Carpet
Roof type
Composition
Architectural style
Other
Listing Agency:
The Sumbles Team Keller Williams Realty
(501) 960-4111
Listed By:
Randy Sumbles
(501) 907-5959
Added: Aug 31
Changed: Sep 13
Last Checked: Sep 26 at 5:06AM
MLS# 26035477
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 1,060-square-foot condominium, built in 1980, includes two bedrooms, two bathrooms, a great room, and an open kitchen-to-living-area arrangement. Interior finishes include vinyl, tile, and newly installed carpet, while both bedrooms provide walk-in closet space and access to the balcony through sliding glass doors. The unit also includes a porch, fireplace, electric range, dishwasher, refrigerator, washer connection, and electric dryer connection.
Located in Little Rock, the property is near Midtown, West Little Rock, restaurants, and shopping. Mature trees and outdoor areas contribute to the setting, with a community pool nearby. HOA coverage includes pool maintenance, exterior building care, termite protection, landscaping and grounds maintenance, water and sewer, trash service, and community lighting.
Located in Little Rock, the property is near Midtown, West Little Rock, restaurants, and shopping. Mature trees and outdoor areas contribute to the setting, with a community pool nearby. HOA coverage includes pool maintenance, exterior building care, termite protection, landscaping and grounds maintenance, water and sewer, trash service, and community lighting.
Key Highlights
- 1,060‑square‑foot condominium with 2 bedrooms and 2 bathrooms
- Open kitchen and living‑area layout with great room
- Newly installed carpet in both bedrooms
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
$8,567
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
9.02%
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%
$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
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
$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 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%
$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 9.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$192.6K
$168.5K – $224.7K
NOI $13,479 @ 7.0% cap · market cap 14.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
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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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium with updated flooring, walk-in closets, and community pool access in Little Rock.
Where is this residential income property located?
The property is located at 518 Green Mountain Circle Little Rock, AR.
What is the asking price?
The asking price for this property is $95,000.
What are key features of this property?
This property features: 1,060‑square‑foot condominium with 2 bedrooms and 2 bathrooms; Open kitchen and living‑area layout with great room; Newly installed carpet in both bedrooms
