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    1501 Main St North Little Rock, AR 72114

    For Sale
    $525,000

    Five-unit complex, prime location, value-add potential.

    Property size:
    1,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional multifamily investment opportunity in North Little Rock, Arkansas, comprises three properties: 1501 and 1503 Main Street, and 1500 Maple Street. The Main Street properties boast a combined five units, totaling between 1,000 and 10,000 square feet, and were fully renovated in 2018. Currently operating as short-term rentals, these properties offer immediate income potential. 1500 Maple Street presents a significant value-add opportunity, requiring complete renovation. The combined lot size ranges from 0.16 to 0.42 acres. Built between 1937 and 1944, this portfolio benefits from its strategic location just 1.1 miles from Simmons Bank Arena and a short distance from the vibrant Historic Argenta Arts District. This district is home to Dickey-Stephens Park, the Argenta Contemporary Theatre, and numerous local amenities. The property's convenient access to major transportation arteries, including I-40 (1.5 miles) and I-30 (0.4 miles), further enhances its appeal. The asking price for this entire portfolio is $525,000, presenting a compelling investment opportunity for discerning buyers seeking a mix of immediate income and future development potential in a thriving Arkansas market. The Pulaski County location offers strong potential for rental income and appreciation.

    Property Features for 1501 Main St

    General Information

    Property type
    Multifamily properties
    Square Feet
    1,000 SF
    Lot Size
    6,970 SF

    Building Details

    Year Renovated
    2018
    Units
    5

    HighLights

    • Fully renovated fourplex (1501 Main St) with all units operating as short‑term rentals.
    • Fully renovated short‑term rental (1503 Main St).
    • 1500 Maple St offers a prime value‑add opportunity requiring complete renovation.
    • Excellent location, 1.1 miles from Simmons Bank Arena and near the Historic Argenta Arts District.
    • Convenient access to I‑40 (1.5 miles) and I‑30 (0.4 miles).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    North Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.2674944
    Latitude
    34.7685181

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    FAQs

    What type of property is this?
    Multifamily property - Five-unit complex, prime location, value-add potential.
    Where is this multifamily property located?
    The property is located at 1501 Main St North Little Rock, AR.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Fully renovated fourplex (1501 Main St) with all units operating as short-term rentals.; Fully renovated short-term rental (1503 Main St).; 1500 Maple St offers a prime value-add opportunity requiring complete renovation.
    Request Owner's contact information
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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
    1501 Main St North Little Rock, AR 72114
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