5-Unit Apartment
5707 Sonora Drive, North Little Rock, AR 72118
For Sale
New
$399,000
Multi-Family, Traditional, North Little Rock, AR
Property Size4,704 SF
Lot Size0.40 Acres
Price / SF$84.82
Days on Market1
Property Features for 5707 Sonora Drive
General Information
Property type
Property subtype
Subdivision
Lot features
Directions
Standard status
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Amenities
small private patios
stainless steel appliances
Building Details
Year built
Floors in Building
Number of units
Roof type
Architectural style
Listing Agency:
Hometown Investments & Realty
(501) 303-6870
Listed By:
Lane Cowart
(501) 545-9344
Added: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 26045656
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 4,704-square-foot apartment building contains five residences, each configured with two bedrooms and 1.5 bathrooms. Private patios, LVP flooring, and stainless steel appliances are provided in each unit. Built in 1977, the property has a shingle roof and occupies a 0.4-acre site at 5707 Sonora Drive in North Little Rock.
Key Highlights
- Five apartments, each with two bedrooms and 1.5 bathrooms
- Each residence has a private patio
- LVP flooring and stainless steel appliances in every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,387
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$707,740
$707.7K
Cap Rate 7%
$505,529
$505.5K
Cap Rate 9%
$393,189
$393.2K
Market Conditions
NOI Build-Up for 4,704 SF
Gross rent
$68.3K $14.52/SF
− Vacancy
−$4.0K −$0.84/SF
EGI
$64.3K $13.68/SF
− OpEx
−$29.0K −$6.16/SF
NOI
$35.4K $7.52/SF
Area
Pulaski County, AR
Vacancy
5.80%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$707,740
Cap Rate 7%
$505,529
Cap Rate 9%
$393,189
Alternative Uses
Best Use
Apartment 5plus
$505.5K
$442.3K – $589.8K
NOI $35,387 @ 7.0% cap · market cap 8.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$897.3K
$785.1K – $1.05M
NOI $62,811 @ 7.0% cap · market cap 15.74%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
179
Businesses Nearby
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Business Placement
Demographics for 72118, AR
22,582
Population
10,823
Households
2.1
Avg Household Size
37
Median Age
20%
College-Educated
88%
High-School Grad
27.6 sq mi
ZIP Area
818
Density / Sq Mi
$47,266
Median Household Income
$35,608
Median Earnings
$978
Median Rent
$115,900
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Pulaski County, AR
Properties on Market for Apartment buildings in Pulaski County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Individual residences include private patios, LVP flooring, and stainless steel appliances.
Where is this apartment building located?
The property is located at 5707 Sonora Drive North Little Rock, AR.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Five apartments, each with two bedrooms and 1.5 bathrooms; Each residence has a private patio; LVP flooring and stainless steel appliances in every unit
