8-Unit Renovated Apartment
New
For Sale
$960,000
609 brookside dr, Little Rock, AR 72205
The renovated residences currently operate as short-term rentals, with the option to shift to a long-term rental model.
Property Size6,734 SF
Price / SF$142.56
Days on Market4
Property Features for 609 brookside dr
General Information
Standard status
Active
Size
6,734 SF
Property subtype
Multi-family
Site & Location
Neighborhood
Leawood
Units
Unit Mix
8 x 2BR/1BA
Multifamily Units
8
Additional Details
Currently Operating
Yes
Listing Agency:
Exp Realty
(866) 720-5056
Listed By:
Cody Garrett
(501) 448-5454
Source:
Arprorealty
Added: Oct 24
Changed: Oct 25
Last Checked: Oct 26 at 3:38PM
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 Exp Realty
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Investment Insights
Based on property information with market context.
This Little Rock apartment property contains eight renovated units, each configured with two bedrooms and one bathroom, for a total of 16 bedrooms and eight bathrooms. The apartments are currently operated as Airbnb rentals, and the existing setup can be continued or changed to conventional long-term rentals.
The property is near Rodney Parham Road, with shopping, restaurants, and everyday services in the surrounding area. Major roads connect the location with West Little Rock and downtown.
The property is near Rodney Parham Road, with shopping, restaurants, and everyday services in the surrounding area. Major roads connect the location with West Little Rock and downtown.
Key Highlights
- Eight renovated apartments, each with 2 bedrooms and 1 bathroom
- 16 bedrooms and 8 bathrooms across the property
- Currently operating as Airbnb rentals
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,427
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,088,540
$1.1M
Cap Rate 7%
$777,529
$777.5K
Cap Rate 9%
$604,744
$604.7K
Market Conditions
NOI Build-Up for 6,734 SF
Gross rent
$105.1K $15.60/SF
− Vacancy
−$6.1K −$0.90/SF
EGI
$99.0K $14.70/SF
− OpEx
−$44.5K −$6.61/SF
NOI
$54.4K $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%
$1,088,540
Cap Rate 7%
$777,529
Cap Rate 9%
$604,744
Alternative Uses
Best Use
Apartment 5plus
$777.5K
$680.3K – $907.1K
NOI $54,427 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,631 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
584
Businesses Nearby
Explore this area
Business Placement
Demographics for 72205, AR
22,888
Population
12,187
Households
1.9
Avg Household Size
39
Median Age
54%
College-Educated
96%
High-School Grad
8.0 sq mi
ZIP Area
2,861
Density / Sq Mi
$62,888
Median Household Income
$50,948
Median Earnings
$1,110
Median Rent
$204,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - The renovated residences currently operate as short-term rentals, with the option to shift to a long-term rental model.
Where is this apartment building located?
The property is located at 609 brookside dr Little Rock, AR.
What is the asking price?
The asking price for this property is $960,000.
What are key features of this property?
This property features: Eight renovated apartments, each with 2 bedrooms and 1 bathroom; 16 bedrooms and 8 bathrooms across the property; Currently operating as Airbnb rentals
