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Updated Six-Unit Apartment Building

8 Terrace Place, Little Rock, AR 72209

For Sale
$379,000

Commercial / Industrial, Little Rock, AR

Property Size5,142 SF
Lot Size0.35 Acres
Price / SF$73.71
Days on Market150

Property Features for 8 Terrace Place

General Information

Property type Commercial Sale
Property subtype Other
Parking 16
Directions Take Geyer Springs Exit 133 Turn left on Geyer Springs Road, continue south 1.5 miles, right on Mabelvale Pike, right on Hatfield Dr., turn left onto Terrace Place
Subdivision Little Rock
Standard status Active
Size 5,142 SF
Lot size 0.35 Acres

Taxes and HOA fees

Tax Description Lot 6 Mann Terrace Pul Cnty
Tax Annual Amount 4208
Legal Description Lot 6 Mann Terrace Pul Cnty

Building Details

Year built 1973
Floors in Building 2
Listing Agency: LPT Realty Conway · RE/MAX International
Listed By: Kelly Thomas
Added: Jun 19 Changed: Oct 8 Last Checked: Nov 15 at 3:06PM
MLS# 26024955

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 six-unit apartment property includes a mix of one-, two-, and three-bedroom residences within a 5,142-square-foot building. The 1973 asset has benefited from interior updates, updated HVAC systems, and a newer roof, providing several recent improvements across the property.

The property occupies 0.35 acres at 8 Terrace Place in Little Rock, Arkansas. Its unit variety and multifamily configuration support residential rental use within a compact apartment setting.

Key Highlights

  • Six‑unit apartment property with a mix of 1-, 2-, and 3‑bedroom units
  • 5,142 square feet of building area on 0.35 acres
  • Updated HVAC systems

Property Analytics

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Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

428
Businesses Nearby

Demographics for 72209, AR

31,641
Population
13,863
Households
2.3
Avg Household Size
32
Median Age
12%
College-Educated
80%
High-School Grad
18.3 sq mi
ZIP Area
1,729
Density / Sq Mi
$40,267
Median Household Income
$32,681
Median Earnings
$982
Median Rent
$99,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Apartment buildings in Little Rock, AR

$95.75 Jul
$96.19 Aug
$93.35 Sep
$101 Oct

Properties on Market for Apartment buildings in Little Rock

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property with varied unit sizes, refreshed interiors, updated HVAC systems, and a newer roof.
Where is this apartment building located?
The property is located at 8 Terrace Place Little Rock, AR.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Six‑unit apartment property with a mix of 1-, 2-, and 3‑bedroom units; 5,142 square feet of building area on 0.35 acres; Updated HVAC systems
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