Two-Triplex 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 Market93
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
Bedroom 12, Bedroom 8, Bedroom 1, Bathroom 1, Bathroom 3, Bathroom 8, Bedroom 9, Bedroom 5, Bathroom 11, Bedroom 4, Bedroom 2, Bedroom 11, Bathroom 6, Bedroom 6, Bathroom 4, Bedroom 7, Bathroom 10, Bedroom 3, Bathroom 7, Bathroom 9, Bathroom 2, Bathroom 12, Bathroom 5, Bedroom 10
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
Tile, Vinyl, Carpet - Partial
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: Oct 5
Last Checked: Oct 6 at 10:06AM
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.
This 2003 apartment property comprises two adjacent triplex buildings with six townhouse-style units totaling 6,906 square feet on 0.54 acres. Each residence places the living room, open kitchen and dining area, in-unit laundry connections, and a half bath on the main floor, with two bedrooms and a full bathroom upstairs. Units include electric appliances, partial carpet, tile and vinyl flooring, walk-in closets, porches or decks, and composition roofing.
Five of the six apartments are leased, while the remaining unit has recently undergone renovation and is being offered for lease. Electric service is separately metered, and residents pay electric, water, sewer, and trash expenses. The owner handles lawn care. Property work completed between 2024-2026 includes HVAC systems, water heaters, interior paint, flooring, turnover renovations, and additional updates.
Five of the six apartments are leased, while the remaining unit has recently undergone renovation and is being offered for lease. Electric service is separately metered, and residents pay electric, water, sewer, and trash expenses. The owner handles lawn care. Property work completed between 2024-2026 includes HVAC systems, water heaters, interior paint, flooring, turnover renovations, and additional updates.
Key Highlights
- Two adjacent triplex buildings provide 6 apartment units
- 6,906 square feet situated on 0.54 acres
- Five of six units are currently leased
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
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
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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
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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?
Apartment building - Six townhouse-style units offer individual utility metering, private laundry connections, and separate living areas across two adjacent buildings.
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 triplex buildings provide 6 apartment units; 6,906 square feet situated on 0.54 acres; Five of six units are currently leased
