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    319 2Nd St Little Rock, AR 72201

    Sponsored
    For Sale
    $4,750,000

    19-Unit Multifamily, $4.75M

    Property size:
    15,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 7-story, 15,000-square-foot apartment building, located at 319 W 2nd St in Little Rock, Arkansas, presents a compelling investment opportunity. Built in 1928 and extensively renovated in 2024, this Class B property boasts 19 units: eight studios, ten one-bedroom apartments, and a luxurious two-bedroom penthouse. The building offers a prime location in the heart of downtown Little Rock's Financial Quarter, benefiting from high visibility at the intersection of W 2nd and Spring Streets, and a dense daytime workforce of over 42,000. Parking is provided with 18 surface spaces and 2 covered spaces, supplemented by over 1,800 additional spaces nearby. The property sits on a 0.19-acre lot and is offered at $4,750,000, representing a price per unit of $250,000 and a price per square foot of $316.67. Recent renovations totaling $6 million ensure a turn-key operation, ideal for immediate rental income generation. The building's strategic location within a vibrant urban environment with high foot traffic and commercial activity makes it an attractive investment for discerning buyers seeking strong returns in a thriving downtown market. This is a rare opportunity to acquire a fully renovated, multifamily property in a highly desirable location.

    Property Features for 319 2Nd St

    General Information

    Property type
    Multifamily properties
    Square Feet
    15,000 SF
    Class
    B
    Lot Size
    8,276 SF

    Building Details

    Year Built/Renovated
    1928/2024
    Buildings
    1
    Stories
    7
    Units
    19

    HighLights

    • Move‑in ready apartments and condos.
    • $6 million in recent capital improvements.
    • 19 residential units: 8 studios, 10 one‑bedroom, and 1 two‑bedroom penthouse.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.273814571325
    Latitude
    34.747568472818

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    FAQs

    What type of property is this?
    Multifamily property - 19-Unit Multifamily, $4.75M
    Where is this multifamily property located?
    The property is located at 319 2Nd St Little Rock, AR.
    What is the asking price?
    The asking price for this property is $4,750,000.
    What are key features of this property?
    This property features: Move-in ready apartments and condos.; $6 million in recent capital improvements.; 19 residential units: 8 studios, 10 one-bedroom, and 1 two-bedroom penthouse.
    Request Owner's contact information
    319 2Nd St Little Rock, AR 72201
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    Little Rock, AR 72201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    319 2Nd St Little Rock, AR 72201
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