Updated Victorian
New
For Sale
$180,000
923 Abigail Street, Little Rock, AR 72204
Multi-Family, Victorian, Little Rock, AR
Property Size1,880 SF
Lot Size0.15 Acres
Price / SF$95.74
Days on Market2
Property Features for 923 Abigail Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Interior features
Washer Connection, Dryer Connection-Electric, Hot Water Heater-Gas, Fan - Ceiling
Exterior features
Partially Fenced, Chain Link
Fencing
Chain Link, Partial
Appliances
Free-Standing Stove, Dishwasher, Free-Standing Stove, Dishwasher
Subdivision
Jansen
Lot features
Level
Directions
630 east exit 3B to cedar/UAMS S. Cedar to Abigail
Standard status
Active
APN
34L-073-00-048-00
Size
1,880 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
JANSEN LT 7 & S4' OF 8 BLK 7
Tax Annual Amount
1411
Legal Description
JANSEN LT 7 & S4' OF 8 BLK 7
Building Details
Year built
1935
Floors in Building
1
Number of units
3
Flooring type
Laminate, Tile
Roof type
Shingle
Architectural style
Victorian
Listing Agency:
Realty One Group - Pinnacle
(501) 653-7537
Listed By:
Laura Osborne
(501) 944-0527
Added: Aug 24
Last Checked: Aug 25 at 12:06AM
MLS# 26034484
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.
Built in 1935, this Victorian-style triplex contains 1,880 square feet on a 0.15-acre lot. The property combines period architectural character with updates intended for contemporary rental occupancy. Interior details include laminate and tile flooring, ceiling fans, gas water heating, washer connections, and electric dryer connections. The building is also equipped with free-standing stoves and dishwashers.
Located in Little Rock, the property is near the city center and includes partial chain-link fencing. Utility responsibilities are divided between ownership and residents: the owner covers water, while tenants handle electricity and gas. A shingle roof and practical residential finishes round out the existing improvements.
Located in Little Rock, the property is near the city center and includes partial chain-link fencing. Utility responsibilities are divided between ownership and residents: the owner covers water, while tenants handle electricity and gas. A shingle roof and practical residential finishes round out the existing improvements.
Key Highlights
- Three‑unit Victorian property built in 1935
- 1,880 square feet on a 0.15‑acre lot
- Owner pays water; tenants pay electricity and gas
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
$15,195
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
8.44%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit rental property with refreshed interiors, tenant utility responsibility, and central Little Rock positioning.
Where is this triplex located?
The property is located at 923 Abigail Street 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: Three‑unit Victorian property built in 1935; 1,880 square feet on a 0.15‑acre lot; Owner pays water; tenants pay electricity and gas
