Two Adjacent Triplexes Apartment
For Sale
$625,000
8700-8702 White Rock Lane, Little Rock, AR 72227
Multi-Family, Traditional, Townhouse, Little Rock, AR
Property Size6,906 SF
Lot Size0.54 Acres
Price / SF$90.50
Days on Market47
Property Features for 8700-8702 White Rock Lane
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Bedrooms
12
Bathrooms
12
Full bathrooms
12
Rooms
Bathroom 1, Bedroom 9, Bathroom 7, Bedroom 5, Bathroom 11, Bathroom 6, Bedroom 10, Bathroom 4, Bedroom 6, Bedroom 8, Bathroom 2, Bedroom 3, Bathroom 5, Bathroom 3, Bedroom 7, Bathroom 10, Bedroom 1, Bedroom 2, Bedroom 11, Bedroom 4, Bathroom 12, Bedroom 12, Bathroom 8, Bathroom 9
Patio and Porch features
Porch, Deck
Interior features
Washer Connection, Dryer Connection-Electric, Hot Water Heater-Electric, Built Ins, Closet - Walk In, All Units
Exterior features
Deck, Covered, Porch
Appliances
Free-Standing Stove, Electric Range, Dishwasher, Free-Standing Stove, Electric Range, Dishwasher
Subdivision
Brennan Lane
Lot features
Level
Directions
From I-430: East on N. Rodney Parham Road. Left onto Reservoir Road, then right onto White Rock Lane. Buildings are on the left.
Standard status
Active
Size
6,906 SF
Lot size
0.54 Acres
Taxes and HOA fees
Tax Description
Lots A and B
Tax Annual Amount
6319
Legal Description
Lots A and B
Amenities
in-unit laundry
Building Details
Year built
2003
Floors in Building
2
Number of units
6
Flooring type
Carpet - Partial, Tile, Vinyl
Roof type
Composition
Architectural style
Other
Listing Agency:
Keller Williams Realty
(501) 907-5959
Listed By:
Jacob Campbell · License #SA00079229
(501) 258-0908
Added: Jul 6
Changed: Aug 19
Last Checked: Aug 21 at 6:06PM
MLS# 26027214
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.
Two adjacent triplexes offered together as a turnkey multifamily investment. The property includes six total units, each with a spacious living area and an open kitchen/dining layout, plus in-unit laundry and a half bath on the main level. Upstairs, units feature two large bedrooms and a full bath. Exterior amenities include a deck, porch, and covered porch elements, and interior features include washer and dryer connections and an electric hot water heater.
Five of six units are currently leased, and the vacant unit was recently renovated and has been put online for lease. The properties are all-electric with separately metered electric, water/sewer, and trash, allowing tenants to pay utilities; the owner handles lawn care.
Improvements were completed between 2024 and 2026, including HVAC systems, water heaters, interior paint, flooring, and turnover renovations. Built in 2003 with a composition roof, the property sits on a 0.54-acre lot and totals 6,906 square feet. No showings are available until there is an accepted offer.
Five of six units are currently leased, and the vacant unit was recently renovated and has been put online for lease. The properties are all-electric with separately metered electric, water/sewer, and trash, allowing tenants to pay utilities; the owner handles lawn care.
Improvements were completed between 2024 and 2026, including HVAC systems, water heaters, interior paint, flooring, and turnover renovations. Built in 2003 with a composition roof, the property sits on a 0.54-acre lot and totals 6,906 square feet. No showings are available until there is an accepted offer.
Key Highlights
- Two adjacent triplexes offered together with 6 total units
- Five of six units currently leased; renovated vacant unit ready for lease
- All‑electric utilities with separate meters for electric, water/sewer, and trash
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$55,817
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,116,340
Cap Rate 7%
$797,386
Cap Rate 9%
$620,189
Alternative Uses
Best Use
Apartment 5plus
$797.4K
$697.7K – $930.3K
NOI $55,817 @ 7.0% cap · market cap 8.93%
Second Best
—
—
no second resolved use
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.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
380
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - All-electric triplexes with separately metered utilities and in-unit laundry, offering strong occupancy with recent renovations.
Where is this apartment building located?
The property is located at 8700-8702 White Rock Lane 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 offered together with 6 total units; Five of six units currently leased; renovated vacant unit ready for lease; All‑electric utilities with separate meters for electric, water/sewer, and trash
