High-Rise Apartment Building with
For Sale
$128,500
700 E 9th Unit 6 H, Little Rock, AR 72202
Residents have access to gated parking, a fitness room, a gathering space, and a poolside covered cooking area.
Property Size691 SF
Price / SF$185.96
Days on Market41
Property Features for 700 E 9th Unit 6 H
General Information
Standard status
Active
Size
691 SF
Property subtype
Condo/Townhse/Duplex/Apt
Site & Location
Neighborhood
Save Hillcrest
Taxes and HOA fees
Annual Taxes
$1,368
Amenities
Gated parking
Private Meeting or Party room
Workout room
Pool with Covered Cooking Area
Building Details
Building Size
691 SF
Year Built
1967
Construction
high-rise
Listing Agency:
Resource Realty
Listed By:
Carmen Brown
(501) 398-9323
Source:
Carmensellshomesinarkansas
Added: Sep 21
Changed: Oct 29
Last Checked: Oct 26 at 11:48AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1967 high-rise apartment property includes a pool, a workout room, a private meeting or party room, and gated parking. A covered cooking area is situated by the pool. The building is near downtown Little Rock.
Key Highlights
- High‑rise apartment property built in 1967
- Pool with an adjacent covered cooking area
- Gated parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,585
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$111,700
$111.7K
Cap Rate 7%
$79,786
$79.8K
Cap Rate 9%
$62,056
$62.1K
Market Conditions
NOI Build-Up for 691 SF
Gross rent
$10.8K $15.60/SF
− Vacancy
−$625 −$0.90/SF
EGI
$10.2K $14.70/SF
− OpEx
−$4.6K −$6.61/SF
NOI
$5.6K $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%
$111,700
Cap Rate 7%
$79,786
Cap Rate 9%
$62,056
Alternative Uses
Best Use
Apartment 5plus
$79.8K
$69.8K – $93.1K
NOI $5,585 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$125.5K
$109.8K – $146.5K
NOI $8,787 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,279
Businesses Nearby
Explore this area
Business Placement
Demographics for 72202, AR
10,340
Population
7,403
Households
1.4
Avg Household Size
37
Median Age
49%
College-Educated
93%
High-School Grad
7.1 sq mi
ZIP Area
1,456
Density / Sq Mi
$54,167
Median Household Income
$42,981
Median Earnings
$1,040
Median Rent
$246,900
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Residents have access to gated parking, a fitness room, a gathering space, and a poolside covered cooking area.
Where is this residential income property located?
The property is located at 700 E 9th Unit 6 H Little Rock, AR.
What is the asking price?
The asking price for this property is $128,500.
What are key features of this property?
This property features: High‑rise apartment property built in 1967; Pool with an adjacent covered cooking area; Gated parking
