Triplex With Additional
For Sale
$650,000
915 N Garfield St, Little Rock, AR 72207
Two-bedroom and one-bedroom units offer varied residential configurations across the property.
Property Size4,500 SF
Price / SF$144.44
Days on Market107
Property Features for 915 N Garfield St
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Residential Income
Units
Unit Mix
3 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$3,710
Listing Agency:
LPT Realty
(501) 291-3841
Listed By:
David Sutton · License #SA00077625
(501) 658-7299
Source:
Exprealty
Added: Jul 1
Changed: Sep 17
Last Checked: Oct 15 at 2:53AM
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 LPT Realty
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Investment Insights
Based on property information with market context.
The property combines a triplex and a duplex on the same parcel, with both buildings using a shared parking area. The triplex contains two-bedroom, one-bathroom units, while the duplex provides one-bedroom, one-bathroom units. The property is currently operated as short-term rental housing, with units occupied on that basis. Showings require 48 hours’ notice, and vacant units will be coordinated in advance for access. Located at 915 N Garfield St in Little Rock, Arkansas, the property offers multiple residential units within a single holding.
Key Highlights
- Triplex includes two‑bedroom, one‑bathroom units
- Duplex includes one‑bedroom, one‑bathroom units
- Triplex and duplex share the same parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,075
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$821,500
$821.5K
Cap Rate 7%
$586,786
$586.8K
Cap Rate 9%
$456,389
$456.4K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$62.1K $13.80/SF
− Vacancy
−$3.4K −$0.76/SF
EGI
$58.7K $13.04/SF
− OpEx
−$17.6K −$3.91/SF
NOI
$41.1K $9.13/SF
Area
Little Rock, AR
Vacancy
5.51%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$821,500
Cap Rate 7%
$586,786
Cap Rate 9%
$456,389
Alternative Uses
Best Use
Multifamily LT 5
$586.8K
$513.4K – $684.6K
NOI $41,075 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$519.6K
$454.6K – $606.2K
NOI $36,371 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$817.5K
$715.3K – $953.7K
NOI $57,223 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,420
Businesses Nearby
Explore this area
Business Placement
Demographics for 72207, AR
11,036
Population
5,800
Households
1.9
Avg Household Size
40
Median Age
69%
College-Educated
98%
High-School Grad
3.8 sq mi
ZIP Area
2,904
Density / Sq Mi
$93,958
Median Household Income
$59,658
Median Earnings
$942
Median Rent
$384,800
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 - Two-bedroom and one-bedroom units offer varied residential configurations across the property.
Where is this triplex located?
The property is located at 915 N Garfield St Little Rock, AR.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Triplex includes two‑bedroom, one‑bathroom units; Duplex includes one‑bedroom, one‑bathroom units; Triplex and duplex share the same parking lot
