Four-Unit
For Sale
$330,000
8201 & 8205 1st Street, North Little Rock, AR 72117
Tenant-occupied multifamily property with four two-bedroom, one-bath residences.
Property Size2,562 SF
Price / SF$128.81
Days on Market52
Property Features for 8201 & 8205 1st Street
General Information
Standard status
Active
Size
2,562 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Average Monthly Rent
$800
Taxes and HOA fees
Annual Taxes
$2,016
Listing Agency:
CD Real Estate Group
Listed By:
Carole DeLaney
(501) 541-8608
Source:
Exprealty
Added: Aug 27
Changed: Oct 15
Last Checked: Oct 16 at 12:38PM
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 CD Real Estate Group
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Investment Insights
Based on property information with market context.
This quadplex contains four residential units, each configured with two bedrooms and one bathroom, within a 2,562-square-foot property. The units are currently tenant-occupied, and showings require 24-hour advance notice.
Located at 8201 & 8205 1st Street in North Little Rock, the property is offered as a multifamily asset with an existing four-unit configuration. An income and expense report will be provided upon request.
Located at 8201 & 8205 1st Street in North Little Rock, the property is offered as a multifamily asset with an existing four-unit configuration. An income and expense report will be provided upon request.
Key Highlights
- Four‑unit quadplex with four 2‑bedroom, 1‑bath residences
- 2,562‑square‑foot property
- All units are currently tenant‑occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,530
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$430,600
$430.6K
Cap Rate 7%
$307,571
$307.6K
Cap Rate 9%
$239,222
$239.2K
Market Conditions
NOI Build-Up for 2,562 SF
Gross rent
$32.9K $12.84/SF
− Vacancy
−$2.1K −$0.83/SF
EGI
$30.8K $12.01/SF
− OpEx
−$9.2K −$3.60/SF
NOI
$21.5K $8.40/SF
Area
Pulaski County, AR
Vacancy
6.50%
Lease Rate
$12.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$430,600
Cap Rate 7%
$307,571
Cap Rate 9%
$239,222
Alternative Uses
Best Use
Multifamily LT 5
$307.6K
$269.1K – $358.8K
NOI $21,530 @ 7.0% cap · market cap 6.52%
Second Best
Apartment 5plus
$275.3K
$240.9K – $321.2K
NOI $19,273 @ 7.0% cap · market cap 5.84%
Theoretical Best
Specialty Retail
$488.7K
$427.6K – $570.2K
NOI $34,209 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Explore this area
Business Placement
Demographics for 72117, AR
13,730
Population
6,691
Households
2.1
Avg Household Size
38
Median Age
28%
College-Educated
83%
High-School Grad
54.4 sq mi
ZIP Area
252
Density / Sq Mi
$41,670
Median Household Income
$31,903
Median Earnings
$1,125
Median Rent
$125,400
Median Home Value
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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?
Quadplex - Tenant-occupied multifamily property with four two-bedroom, one-bath residences.
Where is this quadplex located?
The property is located at 8201 & 8205 1st Street North Little Rock, AR.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Four‑unit quadplex with four 2‑bedroom, 1‑bath residences; 2,562‑square‑foot property; All units are currently tenant‑occupied
