Furnished 2-Bedroom
523 S Louisiana, Little Rock, AR 72201
For Sale
New
$280,000
Residential, Little Rock, AR
Property Size1,663 SF
Price / SF$168.37
Days on Market4
Property Features for 523 S Louisiana
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Interior features
Fireplace
Accessibility
Appliances
Subdivision
Lot features
Directions
Standard status
Size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
HOA Fee
Legal Description
Amenities
secure entry
elegant common areas
Building Details
Year built
Flooring type
Roof type
Additional Structures
Listing Agency:
Charlotte John Company (Little Rock) · Century 21 Real Estate
(501) 664-5646
Listed By:
Lauren Clark
(501) 580-5048
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 14 at 4:06AM
MLS# 26045332
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.
Set on the 9th floor of the Lafayette Building, this furnished, 2-bedroom condominium contains 1,663 square feet. The building dates to 1925 and features 9-foot ceilings, an elevator, secure entry, and shared interior spaces. The unit has wood and tile flooring, a fireplace, a walk-in closet, and a kitchen with granite-slab counters. The washer, dryer, refrigerator, and other listed appliances stay with the residence.
At 523 S Louisiana in downtown Little Rock, the property is steps from the River Market, restaurants, shops, and entertainment. The address is in ZIP code 72201.
At 523 S Louisiana in downtown Little Rock, the property is steps from the River Market, restaurants, shops, and entertainment. The address is in ZIP code 72201.
Key Highlights
- 1,663‑square‑foot, furnished 2‑bedroom condo on the 9th floor
- Lafayette Building constructed in 1925; unit has 9‑foot ceilings
- Granite‑slab kitchen counters; refrigerator, washer, and dryer stay
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,441
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,820
$268.8K
Cap Rate 7%
$192,014
$192.0K
Cap Rate 9%
$149,344
$149.3K
Market Conditions
NOI Build-Up for 1,663 SF
Gross rent
$25.9K $15.60/SF
− Vacancy
−$1.5K −$0.90/SF
EGI
$24.4K $14.70/SF
− OpEx
−$11.0K −$6.61/SF
NOI
$13.4K $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%
$268,820
Cap Rate 7%
$192,014
Cap Rate 9%
$149,344
Alternative Uses
Best Use
Apartment 5plus
$192.0K
$168.0K – $224.0K
NOI $13,441 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$302.1K
$264.3K – $352.5K
NOI $21,147 @ 7.0% cap · market cap 7.55%
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
Properties on Market for Residential income properties in Little Rock
Frequently Asked Questions
What type of property is this?
Residential income property - This 9th-floor residence offers furnished interiors, elevator access, and proximity to River Market destinations in downtown Little Rock.
Where is this residential income property located?
The property is located at 523 S Louisiana Little Rock, AR.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: 1,663‑square‑foot, furnished 2‑bedroom condo on the 9th floor; Lafayette Building constructed in 1925; unit has 9‑foot ceilings; Granite‑slab kitchen counters; refrigerator, washer, and dryer stay
