Updated Two-Bedroom
523 Louisiana Street, Little Rock, AR 72201
For Sale
$300,000
Residential, Traditional, Little Rock, AR
Property Size1,667 SF
Price / SF$179.96
Days on Market59
Property Features for 523 Louisiana Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Interior features
Appliances
Subdivision
Lot features
Directions
Standard status
Size
Taxes and HOA fees
Tax Description
Tax Annual Amount
HOA Fee
Legal Description
Amenities
gym
sauna
dog-walking area
Building Details
Year built
Flooring type
Roof type
Architectural style
Listing Agency:
Charlotte John Company (Little Rock) · Century 21 Real Estate
(501) 664-5646
Listed By:
Gayle Doll
(501) 831-3391
Added: Sep 18
Changed: Nov 2
Last Checked: Nov 15 at 2:06PM
MLS# 26038079
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.
Located in the Lafayette Square Building, this 1,667-square-foot condominium offers two bedrooms and two full bathrooms within a historic 1925 building. The interior was updated in 2016 with new flooring, fresh paint, a renovated kitchen, and refreshed bathrooms. Quartz countertops, a blue tile backsplash, a farmhouse sink, oven, dishwasher, and refrigerator are included, along with the washer and dryer. The primary suite has a private bathroom with double sinks and a walk-in shower.
The property is at 523 Louisiana Street in downtown Little Rock, within walking distance of restaurants, entertainment, shows, the River Market, and other downtown destinations. Building amenities include a basement gym and sauna, while additional storage is available for rent. A gated dog-walking area and gated parking lot are located across the street; parking spaces may be purchased separately. The HOA fee covers grounds maintenance, water, sewer, and electricity. The HVAC system is approximately 6 years old, and the water heater is approximately 3 years old.
The property is at 523 Louisiana Street in downtown Little Rock, within walking distance of restaurants, entertainment, shows, the River Market, and other downtown destinations. Building amenities include a basement gym and sauna, while additional storage is available for rent. A gated dog-walking area and gated parking lot are located across the street; parking spaces may be purchased separately. The HOA fee covers grounds maintenance, water, sewer, and electricity. The HVAC system is approximately 6 years old, and the water heater is approximately 3 years old.
Key Highlights
- 1,667‑square‑foot condo with 2 bedrooms and 2 full bathrooms
- Historic Lafayette Square Building, constructed in 1925
- 2016 updates include flooring, paint, kitchen, and bathroom improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,473
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,460
$269.5K
Cap Rate 7%
$192,471
$192.5K
Cap Rate 9%
$149,700
$149.7K
Market Conditions
NOI Build-Up for 1,667 SF
Gross rent
$26.0K $15.60/SF
− Vacancy
−$1.5K −$0.90/SF
EGI
$24.5K $14.70/SF
− OpEx
−$11.0K −$6.61/SF
NOI
$13.5K $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%
$269,460
Cap Rate 7%
$192,471
Cap Rate 9%
$149,700
Alternative Uses
Best Use
Apartment 5plus
$192.5K
$168.4K – $224.6K
NOI $13,473 @ 7.0% cap · market cap 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$302.8K
$265.0K – $353.3K
NOI $21,198 @ 7.0% cap · market cap 7.07%
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
3,479
Businesses Nearby
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Business Placement
Demographics for 72201, AR
961
Population
628
Households
1.5
Avg Household Size
44
Median Age
78%
College-Educated
100%
High-School Grad
1.2 sq mi
ZIP Area
801
Density / Sq Mi
$112,045
Median Household Income
$71,188
Median Earnings
$1,344
Median Rent
$262,300
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Little Rock, AR
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Frequently Asked Questions
What type of property is this?
Residential income property - Historic downtown condo with renovated interiors, retained appliances, and access to shared fitness and sauna amenities.
Where is this residential income property located?
The property is located at 523 Louisiana Street Little Rock, AR.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 1,667‑square‑foot condo with 2 bedrooms and 2 full bathrooms; Historic Lafayette Square Building, constructed in 1925; 2016 updates include flooring, paint, kitchen, and bathroom improvements
