Updated Triplex Rental
For Sale
$180,000
923 Abigail St, Little Rock, AR 72204
Three-unit residential income property with a 1935 construction date and updated interiors in central Little Rock.
Property Size1,880 SF
Price / SF$95.74
Days on Market53
Property Features for 923 Abigail St
General Information
Standard status
Active
Size
1,880 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
3
Building Details
Year Built
1935
Listing Agency:
Sb Realty & Property Management
Listed By:
Amber Wood
(501) 444-2055
Source:
Midsouthar
Added: Aug 26
Changed: Oct 16
Last Checked: Oct 16 at 8:26AM
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 Sb Realty & Property Management
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Investment Insights
Based on property information with market context.
This three-unit residential property was built in 1935 and has been updated throughout. The 1,880-square-foot building offers a rental configuration suited to multifamily ownership, with improvements intended to support current tenant use while retaining its original character.
Located at 923 Abigail St in Little Rock, the property is positioned in the downtown area. The owner pays water service, while tenants are responsible for electricity and gas. This utility arrangement provides a defined operating structure for the triplex.
Located at 923 Abigail St in Little Rock, the property is positioned in the downtown area. The owner pays water service, while tenants are responsible for electricity and gas. This utility arrangement provides a defined operating structure for the triplex.
Key Highlights
- Triplex configuration with three residential units
- 1,880‑square‑foot building
- Built in 1935
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,195
Cap Rate
8.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,900
$303.9K
Cap Rate 7%
$217,071
$217.1K
Cap Rate 9%
$168,833
$168.8K
Market Conditions
NOI Build-Up for 1,880 SF
Gross rent
$29.3K $15.60/SF
− Vacancy
−$1.7K −$0.90/SF
EGI
$27.6K $14.70/SF
− OpEx
−$12.4K −$6.61/SF
NOI
$15.2K $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%
$303,900
Cap Rate 7%
$217,071
Cap Rate 9%
$168,833
Alternative Uses
Best Use
Multifamily LT 5
$245.1K
$214.5K – $286.0K
NOI $17,160 @ 7.0% cap · market cap 9.53%
Second Best
Apartment 5plus
$217.1K
$189.9K – $253.3K
NOI $15,195 @ 7.0% cap · market cap 8.44%
Theoretical Best
Office A
$341.5K
$298.8K – $398.5K
NOI $23,907 @ 7.0% cap · market cap 13.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,592
Businesses Nearby
Explore this area
Business Placement
Demographics for 72204, AR
31,564
Population
14,570
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
89%
High-School Grad
15.2 sq mi
ZIP Area
2,077
Density / Sq Mi
$39,088
Median Household Income
$29,733
Median Earnings
$1,016
Median Rent
$117,600
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 - Three-unit residential income property with a 1935 construction date and updated interiors in central Little Rock.
Where is this triplex located?
The property is located at 923 Abigail St Little Rock, AR.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Triplex configuration with three residential units; 1,880‑square‑foot building; Built in 1935
