Four-Unit
For Sale
$350,000
8201 & 8205 1st Street, North Little Rock, AR 72117
Multi-Family, Traditional, North Little Rock, AR
Property Size2,562 SF
Lot Size0.17 Acres
Price / SF$136.61
Days on Market49
Property Features for 8201 & 8205 1st Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Interior features
Washer Connection, Dryer Connection-Electric, Hot Water Heater-Gas
Appliances
Free-Standing Stove, Microwave, Electric Range, Refrigerator-Stays, Free-Standing Stove, Microwave, Electric Range, Refrigerator-Stays
Subdivision
Dixie Acres
Lot features
Level
Directions
Hwy 67/167 to Trammel Road exit, turn right then left on Hwy 161 to right on First Street, property on the right.
Standard status
Active
Size
2,562 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Description
Lot 16 and Lot 17
Tax Annual Amount
2016
Legal Description
Lot 16 and Lot 17
Building Details
Year built
2023
Floors in Building
1
Number of units
4
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
CD Real Estate Group
Listed By:
Carole DeLaney
(501) 541-8608
Added: Aug 26
Changed: Oct 10
Last Checked: Oct 13 at 5:06AM
MLS# 26034976
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.
Built in 2023, this quadplex contains four two-bedroom, one-bath residences within 2,562 square feet on a 0.17-acre parcel. The property is currently tenant-occupied, with showings requiring 24 to 48 hours’ notice.
Unit features include washer connections, electric dryer connections, gas water heaters, free-standing stoves, microwaves, electric ranges, and refrigerators. The building has a composition shingle roof and is located at 8201 & 8205 1st Street in North Little Rock, Arkansas.
Unit features include washer connections, electric dryer connections, gas water heaters, free-standing stoves, microwaves, electric ranges, and refrigerators. The building has a composition shingle roof and is located at 8201 & 8205 1st Street in North Little Rock, Arkansas.
Key Highlights
- Four residential units, each with 2 bedrooms and 1 bath
- 2,562‑square‑foot property on 0.17 acres
- Built in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,530
Cap Rate
6.15%
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 6.15%
Second Best
Apartment 5plus
$275.3K
$240.9K – $321.2K
NOI $19,273 @ 7.0% cap · market cap 5.51%
Theoretical Best
Specialty Retail
$488.7K
$427.6K – $570.2K
NOI $34,209 @ 7.0% cap · market cap 9.77%
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Tenant-occupied quadplex with four two-bedroom, one-bath units and laundry connections.
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 $350,000.
What are key features of this property?
This property features: Four residential units, each with 2 bedrooms and 1 bath; 2,562‑square‑foot property on 0.17 acres; Built in 2023
