Residential Income Property with Rooftop
For Sale
$465,000
601 N Olive Unit C, North Little Rock, AR 72114
The three-story home includes a loft, laundry room, and covered outdoor space.
Property Size2,100 SF
Price / SF$221.43
Days on Market124
Property Features for 601 N Olive Unit C
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Condo/Townhse/Duplex/Apt
Units
Unit Mix
1 x 2BR/2.5BA + loft
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,834
Amenities
covered rooftop patio
laundry room
Building Details
Building Size
2,100 SF
Year Built
2023
Buildings
1
Stories
3
Listing Agency:
Resource Realty
Listed By:
Carmen Brown
(501) 398-9323
Source:
Carmensellshomesinarkansas
Added: Jun 29
Changed: Oct 26
Last Checked: Oct 26 at 12:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Resource Realty
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Investment Insights
Based on property information with market context.
Built in 2023, this three-story townhome contains approximately 2,100 square feet, with two bedrooms, 2.5 bathrooms, and a bonus loft. Hardwood flooring runs throughout, and the open-plan layout includes a kitchen, oversized closets, and a full laundry room. A covered patio sits on the rooftop.
The property is at 601 N Olive Unit C in North Little Rock. Nearby destinations named in the property information include Argenta restaurants, breweries, coffee shops, entertainment venues, Dickey-Stephens Park, Simmons Bank Arena, Argenta Plaza, and the Arkansas River Trail.
The property is at 601 N Olive Unit C in North Little Rock. Nearby destinations named in the property information include Argenta restaurants, breweries, coffee shops, entertainment venues, Dickey-Stephens Park, Simmons Bank Arena, Argenta Plaza, and the Arkansas River Trail.
Key Highlights
- Approximately 2,100 square feet of living space
- Two bedrooms and 2.5 bathrooms
- Three‑story townhome built in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,798
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,960
$316.0K
Cap Rate 7%
$225,686
$225.7K
Cap Rate 9%
$175,533
$175.5K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$30.5K $14.52/SF
− Vacancy
−$1.8K −$0.84/SF
EGI
$28.7K $13.68/SF
− OpEx
−$12.9K −$6.16/SF
NOI
$15.8K $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%
$315,960
Cap Rate 7%
$225,686
Cap Rate 9%
$175,533
Alternative Uses
Best Use
Apartment 5plus
$225.7K
$197.5K – $263.3K
NOI $15,798 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$400.6K
$350.5K – $467.3K
NOI $28,040 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
830
Businesses Nearby
Explore this area
Business Placement
Demographics for 72114, AR
10,957
Population
6,733
Households
1.6
Avg Household Size
38
Median Age
19%
College-Educated
84%
High-School Grad
7.7 sq mi
ZIP Area
1,423
Density / Sq Mi
$28,594
Median Household Income
$27,564
Median Earnings
$781
Median Rent
$87,900
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The three-story home includes a loft, laundry room, and covered outdoor space.
Where is this residential income property located?
The property is located at 601 N Olive Unit C North Little Rock, AR.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Approximately 2,100 square feet of living space; Two bedrooms and 2.5 bathrooms; Three‑story townhome built in 2023
