Building Details

Year built 1943

Floors in Building 1

Number of units 4

Flooring type Tile, Wood

Roof type Shingle, Composition

Architectural style Other

Listing Agency: Chase Calhoun Real Estate LLC

Listed By: Chase Calhoun Show Phone

Added: Jul 3 Changed: Sep 30 Last Checked: Oct 4 at 6:06PM

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MLS# 26026886

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.

Investment Insights

Based on property information with market context.

This quadplex contains 2,038 square feet of residential space and was built in 1943. Interior finishes include both wood and tile flooring, while the roof uses composition and shingle materials. The property encompasses 19 acres, providing a substantial land component alongside the existing multifamily improvements.

Located in Cammack Village, Arkansas, the property is identified within Pulaski County and carries a 72207 postal code. Its established construction and residential configuration provide a defined physical base for multifamily ownership or operation.

Key Highlights

• Quadplex property with 2,038 square feet of building area
• 19‑acre property in Cammack Village, Arkansas
• Built in 1943

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$18,602

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

3.51%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$372,040 $372.0K

Cap Rate 7%

$265,743 $265.7K

Cap Rate 9%

$206,689 $206.7K

Market Conditions

NOI Build-Up for 2,038 SF Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent. EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs. OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements. NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.

Gross rent

$28.1K $13.80/SF

− Vacancy

−$1.5K −$0.76/SF

EGI

$26.6K $13.04/SF

− OpEx

−$8.0K −$3.91/SF

NOI

$18.6K $9.13/SF

Area

Little Rock, AR

Vacancy

5.51%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$372,040

Cap Rate 7%

$265,743

Cap Rate 9%

$206,689

Alternative Uses

Best Use

Multifamily LT 5

$265.7K

$232.5K – $310.0K (±1% cap)

NOI $18,602 @ 7.0% cap · market cap 3.51%

Second Best

Apartment 5plus

$235.3K

$205.9K – $274.5K (±1% cap)

NOI $16,472 @ 7.0% cap · market cap 3.11%

Theoretical Best

Office A

$370.2K

$324.0K – $431.9K (±1% cap)

NOI $25,916 @ 7.0% cap · market cap 4.89%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Dental Office Auto Repair Shop Parking Lot & Garage Kitchen & Bath Showroom HVAC Service Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

96

Businesses Nearby

Explore this area Business Placement

Demographics for 72207, AR

11,036

Population

5,800

Households

1.9

Avg Household Size

40

Median Age

69%

College-Educated

98%

High-School Grad

3.8 sq mi

ZIP Area

2,904

Density / Sq Mi

$93,958

Median Household Income

$59,658

Median Earnings

$942

Median Rent

$384,800

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this quadplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Quadplex - Income-producing residential property with established construction and a mix of wood and tile flooring.

Where is this quadplex located?

The property is located at 6609 Greenwood Rd Cammack Village, AR.

What is the asking price?

The asking price for this property is $530,000.

What are key features of this property?

This property features: Quadplex property with 2,038 square feet of building area; 19‑acre property in Cammack Village, Arkansas; Built in 1943