Adjacent Triplex
For Sale
$625,000
8700-8702 White Rock Ln, Little Rock, AR 72227
Six-unit multifamily property with updated interiors, separately metered utilities, and a mix of leased and newly renovated units.
Property Size6,906 SF
Price / SF$90.50
Days on Market69
Property Features for 8700-8702 White Rock Ln
General Information
Standard status
Active
Size
6,906 SF
Property subtype
Multi-Family
Occupancy
83%
Site & Location
Neighborhood
Leawood
Utilities to Site
Yes
Additional Details
Asking Price
$625,000
Multifamily Units
6
Amenities
in-unit laundry
Building Details
Year Built
2003
Buildings
2
Listing Agency:
Keller Williams Realty
Listed By:
Jacob Campbell · License #SA00079229
(501) 258-0908
Source:
Signaturearkansas
Added: Aug 20
Changed: Oct 26
Last Checked: Oct 26 at 8:23PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This multifamily property combines two adjacent triplex buildings totaling 6,906 square feet. Constructed in 2003, each unit includes a living room, open kitchen and dining area, in-unit laundry, and a half bath on the main level, with two bedrooms and a full bath upstairs. Five of the six units are leased, while the remaining unit has been renovated and placed online for lease.
The all-electric buildings have separately metered electric service, water/sewer, and trash, with tenants responsible for those utilities. Ownership handles lawn care. Improvements completed between 2024 and 2026 include HVAC systems, water heaters, interior paint, flooring, turnover renovations, and additional updates. The property is located at 8700-8702 White Rock Ln in Little Rock, Arkansas.
The all-electric buildings have separately metered electric service, water/sewer, and trash, with tenants responsible for those utilities. Ownership handles lawn care. Improvements completed between 2024 and 2026 include HVAC systems, water heaters, interior paint, flooring, turnover renovations, and additional updates. The property is located at 8700-8702 White Rock Ln in Little Rock, Arkansas.
Key Highlights
- Two adjacent triplexes with 6,906 square feet total
- Six total units; five are currently leased
- Vacant unit recently renovated and listed for lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,817
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,116,340
$1.1M
Cap Rate 7%
$797,386
$797.4K
Cap Rate 9%
$620,189
$620.2K
Market Conditions
NOI Build-Up for 6,906 SF
Gross rent
$107.7K $15.60/SF
− Vacancy
−$6.2K −$0.90/SF
EGI
$101.5K $14.70/SF
− OpEx
−$45.7K −$6.61/SF
NOI
$55.8K $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%
$1,116,340
Cap Rate 7%
$797,386
Cap Rate 9%
$620,189
Alternative Uses
Best Use
Multifamily LT 5
$900.5K
$788.0K – $1.05M
NOI $63,036 @ 7.0% cap · market cap 10.09%
Second Best
Apartment 5plus
$797.4K
$697.7K – $930.3K
NOI $55,817 @ 7.0% cap · market cap 8.93%
Theoretical Best
Office A
$1.25M
$1.10M – $1.46M
NOI $87,818 @ 7.0% cap · market cap 14.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
6
Residential units
83.3%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
380
Businesses Nearby
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Business Placement
Demographics for 72227, AR
11,090
Population
5,700
Households
1.9
Avg Household Size
41
Median Age
55%
College-Educated
98%
High-School Grad
3.8 sq mi
ZIP Area
2,918
Density / Sq Mi
$73,533
Median Household Income
$52,565
Median Earnings
$1,035
Median Rent
$260,900
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?
Triplex - Six-unit multifamily property with updated interiors, separately metered utilities, and a mix of leased and newly renovated units.
Where is this triplex located?
The property is located at 8700-8702 White Rock Ln Little Rock, AR.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two adjacent triplexes with 6,906 square feet total; Six total units; five are currently leased; Vacant unit recently renovated and listed for lease
